Automatic Data Processing
Automatic Data Processing returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q4 | Jun 30, 2026 | 60.33% | 42.12% | — | 72.24% | 7.57% | 51 pp |
| FY 2026 Q3 | Mar 31, 2026 | 56.77% | 45.73% | — | 71.21% | 7.19% | 47.5 pp |
| FY 2026 Q2 | Dec 31, 2025 | 53.35% | 45.99% | 25.16% | 73.84% | 5.69% | 44 pp |
| FY 2026 Q1 | Sep 30, 2025 | 51.1% | 44.56% | 39.41% | 70.57% | 7.97% | 41.8 pp |
| FY 2025 Q4 | Jun 30, 2025 | 66.55% | 46.37% | 12.63% | 76% | 7.57% | 57.3 pp |
| FY 2025 Q3 | Mar 31, 2025 | 65% | 48.91% | 8.64% | 76.29% | 6.63% | 55.7 pp |
| FY 2025 Q2 | Dec 31, 2024 | 58.62% | 51.01% | 25.56% | 83.72% | 6.49% | 49.3 pp |
| FY 2025 Q1 | Sep 30, 2024 | 58.83% | 51.5% | 12.44% | 87.26% | 7.79% | 49.5 pp |
| FY 2024 Q4 | Jun 30, 2024 | 78.1% | 52.45% | 123.49% | 93.14% | 7.12% | 68.8 pp |
| FY 2024 Q3 | Mar 31, 2024 | 75.97% | 51.23% | — | 88.92% | 5.96% | 66.7 pp |
| FY 2024 Q2 | Dec 31, 2023 | 65.39% | 52.5% | 28.59% | 97.38% | 6.38% | 56.1 pp |
| FY 2024 Q1 | Sep 30, 2023 | 70.97% | 56.35% | 56.28% | 115.46% | 7.3% | 61.7 pp |
| FY 2023 Q4 | Jun 30, 2023 | 71.16% | 52.8% | — | 101.33% | 5.98% | 61.9 pp |
| FY 2023 Q3 | Mar 31, 2023 | 61.04% | 47.69% | — | 82.69% | 4.94% | 51.7 pp |
| FY 2023 Q2 | Dec 31, 2022 | 56.22% | 44.9% | — | 78.3% | 5.54% | 46.9 pp |
| FY 2023 Q1 | Sep 30, 2022 | 53.28% | 43.62% | — | 76.38% | 5.69% | 44 pp |
| FY 2022 Q4 | Jun 30, 2022 | 53.13% | 40.04% | — | 66.3% | 5.27% | 43.8 pp |
| FY 2022 Q3 | Mar 31, 2022 | — | — | — | 58% | 4.53% | — |
| FY 2022 Q2 | Dec 31, 2021 | — | — | — | 50.12% | 5.06% | — |
| FY 2022 Q1 | Sep 30, 2021 | — | — | — | 48.33% | 5.27% | — |
| FY 2021 Q4 | Jun 30, 2021 | — | — | — | 45.5% | 5.91% | — |
| FY 2021 Q3 | Mar 31, 2021 | — | — | — | 44.28% | 5.06% | — |
| FY 2021 Q2 | Dec 31, 2020 | — | — | — | 44.07% | 5.05% | — |
| FY 2021 Q1 | Sep 30, 2020 | — | — | — | 44.52% | 6.21% | — |
| FY 2020 Q4 | Jun 30, 2020 | — | — | — | 44.23% | 6.09% | — |
| FY 2020 Q3 | Mar 31, 2020 | — | — | — | 47.13% | 5.53% | — |
| FY 2020 Q2 | Dec 31, 2019 | — | — | — | 48.64% | 5.61% | — |
| FY 2020 Q1 | Sep 30, 2019 | — | — | — | 47.21% | 6.31% | — |
| FY 2019 Q4 | Jun 30, 2019 | — | — | — | 51.76% | 5.81% | — |
| FY 2019 Q3 | Mar 31, 2019 | — | — | — | 41.53% | 4.18% | — |
| FY 2019 Q2 | Dec 31, 2018 | — | — | — | 41.76% | 4.36% | — |
| FY 2019 Q1 | Sep 30, 2018 | — | — | — | 39.96% | 4.72% | — |
| FY 2018 Q4 | Jun 30, 2018 | — | — | — | 43.59% | 4.36% | — |
| FY 2018 Q3 | Mar 31, 2018 | — | — | — | 43.72% | 4.04% | — |
| FY 2018 Q2 | Dec 31, 2017 | — | — | — | 44.48% | 4.08% | — |
| FY 2018 Q1 | Sep 30, 2017 | — | — | — | 43.06% | 5.05% | — |
| FY 2017 Q4 | Jun 30, 2017 | — | — | — | 40.99% | 4.29% | — |
| FY 2017 Q3 | Mar 31, 2017 | — | — | — | 40.66% | 3.68% | — |
| FY 2017 Q2 | Dec 31, 2016 | — | — | — | 42.24% | 4.24% | — |
| FY 2017 Q1 | Sep 30, 2016 | — | — | — | 34.34% | 4.44% | — |
| FY 2016 Q4 | Jun 30, 2016 | — | — | — | 32.13% | 3.89% | — |
| FY 2016 Q3 | Mar 31, 2016 | — | — | — | 31.95% | 3.51% | — |
| FY 2016 Q2 | Dec 31, 2015 | — | — | — | 31.01% | 3.61% | — |
| FY 2016 Q1 | Sep 30, 2015 | — | — | — | 28.57% | 4.63% | — |
| FY 2015 Q4 | Jun 30, 2015 | — | — | — | 25.31% | 4.46% | — |
| FY 2015 Q3 | Mar 31, 2015 | — | — | — | 23.83% | 3.81% | — |
| FY 2015 Q2 | Dec 31, 2014 | — | — | — | 24.46% | 3.51% | — |
| FY 2015 Q1 | Sep 30, 2014 | — | — | — | 24.67% | 4.97% | — |
| FY 2014 Q4 | Jun 30, 2014 | — | — | — | 23.58% | 4.71% | — |
| FY 2014 Q3 | Mar 31, 2014 | — | — | — | 22.07% | 3.79% | — |
| FY 2014 Q2 | Dec 31, 2013 | — | — | — | 22.37% | 3.95% | — |
| FY 2014 Q1 | Sep 30, 2013 | — | — | — | 22.89% | 4.79% | — |
| FY 2013 Q4 | Jun 30, 2013 | — | — | — | 22.85% | 4.46% | — |
| FY 2013 Q3 | Mar 31, 2013 | — | — | — | 22.08% | 3.61% | — |
| FY 2013 Q2 | Dec 31, 2012 | — | — | — | 22.37% | 4.28% | — |
| FY 2013 Q1 | Sep 30, 2012 | — | — | — | 22.6% | 4.78% | — |
| FY 2012 Q4 | Jun 30, 2012 | — | — | — | 22.9% | 4.27% | — |
| FY 2012 Q3 | Mar 31, 2012 | — | — | — | 21.69% | 3.39% | — |
| FY 2012 Q2 | Dec 31, 2011 | — | — | — | 22.47% | 4.12% | — |
| FY 2012 Q1 | Sep 30, 2011 | — | — | — | 21.71% | 4.34% | — |
| FY 2011 Q4 | Jun 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Dec 31, 2010 | — | — | — | 20.83% | 3.86% | — |
| FY 2011 Q1 | Sep 30, 2010 | — | — | — | 21.13% | 4.36% | — |
| FY 2010 Q2 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2010 Q1 | Sep 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.3%, rounded from the Software · System & Application benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ADP, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.