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Automatic Data Processing Inc   (ADP)
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Automatic Data Processing Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



ADP Effective Tax Rate (Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
Y / Y Pre-Tax Income Change 8.1 % 8.2 % 25.17 % 14.63 % 16.26 %
Seq. Pre-Tax Income Change 4.67 % 8.68 % -26.28 % 28.91 % 4.76 %
Pre-Tax Income In Millions $1,143.80 $1,092.80 $1,005.50 $1,364.00 $1,058.10
Effective Tax Rate 23.2 % 21.36 % 22.74 % 23.53 % 23.15 %
Effective Tax Rate Total Ranking # 847 # 929 # 1095 # 1228 # 1325
Income taxes expenses / -benefit In Millions $265.40 $233.40 $228.70 $320.90 $245.00
Y / Y Income taxes expenses / -benefit Change 8.33 % 1.04 % 28.63 % 22.76 % 13.58 %
Seq. Income taxes expenses / -benefit Change 13.71 % 2.06 % -28.73 % 30.98 % 6.06 %


Commenting Second Quarter 2023 Effective Tax Rate
Company's effective tax rate in II. Quarter increased compare to previous quarter to 23.2 %, below company's average Effective Tax Rate.

Looking into II. Quarter results within Cloud Computing & Data Analytics industry 14 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 847, from total ranking in previous quarter at 929.

ADP's Effective Tax Rate second quarter 2023 Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry # 15
Technology Sector # 119
Overall # 846

ADP's Effective Tax Rate Statistics
High Average Low
46.87 % 31.15 % 3.77 %
(Jun 30 2018)   (June 30, 2009)




Other Effective Tax Rate Profitability Ratios
ADP's Cumulative Effective Tax Rate
Cloud Computing & Data Analytics Industry Effective Tax Rate Trends and Statistics
Technology Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
ADP's Effective Tax Rate Profitability versus Cloud Computing & Data Analytics Industry, Technology Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for ADP's Competitors
Effective Tax Rate Profit Margin for Automatic Data Processing Inc 's Suppliers
Effective Tax Rate Profit Margin for ADP's Customers

You may also want to know
ADP's Annual Growth Rates ADP's Profitability Ratios ADP's Asset Turnover Ratio ADP's Dividend Growth
ADP's Roe ADP's Valuation Ratios ADP's Financial Strength Ratios ADP's Income taxes expenses / -benefit Growth
ADP's Roa ADP's Inventory Turnover Ratio ADP's Growth Rates ADP's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Cloud Computing & Data Analytics Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Playtika Holding Corp   57.32 %$ 50.100 $ 87.400 
Taskus Inc   41.23 %$ 11.417 $ 27.694 
Liveramp Holdings Inc   38.65 %$ 8.429 $ 21.808 
Dxc Technology Company  33.96 %$ 72.000 $ 212.000 
Tsr Inc   27.11 %$ 0.181 $ 0.668 
Cognizant Technology Solutions Corporation  26.03 %$ 195.000 $ 749.000 
Leidos Holdings Inc   25.81 %$ 80.000 $ 310.000 
Verisk Analytics Inc   24.89 %$ 60.400 $ 242.700 
Doximity Inc   23.92 %$ 15.076 $ 63.032 
Jack Henry and Associates Inc   23.50 %$ 28.258 $ 120.223 
Epam Systems Inc   23.43 %$ 29.849 $ 127.403 
Automatic Data Processing Inc   23.20 %$ 265.400 $ 1,143.800 
Innovative Solutions And Support inc   21.81 %$ 0.295 $ 1.352 
Caci International Inc  20.72 %$ 21.916 $ 105.786 
Simulations Plus Inc   19.16 %$ 0.461 $ 2.406 
Open Text Corp  17.59 %$ 8.054 $ 45.791 
Ibex Limited  17.32 %$ 1.273 $ 7.348 
Perficient Inc   13.77 %$ 9.696 $ 70.419 
Innodata inc  13.03 %$ 0.248 $ 1.904 
Telus International cda Inc   8.47 %$ 5.000 $ 59.000 
Pegasystems Inc   7.90 %$ 12.237 $ 154.902 
Repositrak Inc   7.29 %$ 0.114 $ 1.565 
Marathon Digital Holdings Inc   6.71 %$ 16.075 $ 239.479 
Mind Cti Ltd  6.50 %$ 0.359 $ 5.526 




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