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Side-by-side financial comparison of Automatic Data Processing (ADP) and BANK OF NOVA SCOTIA (BNS). Click either name above to swap in a different company.
BANK OF NOVA SCOTIA is the larger business by last-quarter revenue ($7.0B vs $5.9B, roughly 1.2× Automatic Data Processing). BANK OF NOVA SCOTIA runs the higher net margin — 23.8% vs 22.9%, a 0.9% gap on every dollar of revenue.
Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.
The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by assets and deposits. In 2023, the company's seat in Forbes Global 2000 was 88. Scotiabank serves over 25 million customers globally, offering personal and commercial banking, wealth management, corporate and investment services. With 88,000 employees and assets of approxi...
ADP vs BNS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.9B | $7.0B |
| Net Profit | $1.4B | $1.7B |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 22.9% | 23.8% |
| Revenue YoY | 7.0% | — |
| Net Profit YoY | 8.4% | — |
| EPS (diluted) | $3.38 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $5.9B | $7.0B | ||
| Q4 25 | $5.4B | $7.2B | ||
| Q3 25 | $5.2B | $6.9B | ||
| Q2 25 | $5.1B | $6.6B | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.8B | — | ||
| Q2 24 | $4.8B | — |
| Q1 26 | $1.4B | $1.7B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $910.7M | $1.5B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $963.2M | — | ||
| Q3 24 | $956.3M | — | ||
| Q2 24 | $829.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 44.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | — | ||
| Q3 25 | 25.3% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 29.2% | — | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 22.8% | — |
| Q1 26 | 22.9% | 23.8% | ||
| Q4 25 | 19.8% | 22.5% | ||
| Q3 25 | 19.6% | 26.6% | ||
| Q2 25 | 17.8% | 22.4% | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 17.4% | — |
| Q1 26 | $3.38 | — | ||
| Q4 25 | $2.62 | — | ||
| Q3 25 | $2.49 | — | ||
| Q2 25 | $2.23 | — | ||
| Q1 25 | $3.06 | — | ||
| Q4 24 | $2.35 | — | ||
| Q3 24 | $2.34 | — | ||
| Q2 24 | $2.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.2B | $6.4B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $6.4B | $65.0B |
| Total Assets | $64.5B | $1077.5B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.2B | $6.4B | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $7.9B | $8.6B | ||
| Q2 25 | $7.8B | $7.9B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $3.3B | — |
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $6.4B | $65.0B | ||
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | $62.4B | ||
| Q2 25 | $6.2B | $63.1B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | $64.5B | $1077.5B | ||
| Q4 25 | $84.6B | — | ||
| Q3 25 | $54.3B | $1032.7B | ||
| Q2 25 | $53.4B | $1033.3B | ||
| Q1 25 | $56.4B | — | ||
| Q4 24 | $64.1B | — | ||
| Q3 24 | $49.5B | — | ||
| Q2 24 | $54.4B | — |
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $9.4B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | — | 5.60× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $9.4B | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $642.3M | $3.2B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $824.4M | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 5.60× | ||
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | 1.73× | ||
| Q2 25 | 1.58× | 1.22× | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADP
| Revenues, other than interest on funds held for clients and PEO revenues | $3.6B | 61% |
| PEO revenues (A) (B) (C) | $1.9B | 32% |
| Other | $403.9M | 7% |
BNS
Segment breakdown not available.
