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Side-by-side financial comparison of Automatic Data Processing (ADP) and Carnival (CCL). Click either name above to swap in a different company.
Carnival is the larger business by last-quarter revenue ($6.3B vs $5.9B, roughly 1.1× Automatic Data Processing). Automatic Data Processing runs the higher net margin — 22.9% vs 6.6%, a 16.2% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (7.0% vs 6.6%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (11.6% CAGR vs 8.2%).
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.
CarnivalCCLEarnings & Financial Report
Carnival is the world's largest leisure travel group specializing in cruise operations. It owns multiple globally recognized cruise brands, serving millions of passengers yearly, offering all-inclusive vacation experiences covering accommodation, catering, entertainment, and shore excursions across global popular destinations.
ADP vs CCL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.9B | $6.3B |
| Net Profit | $1.4B | $421.0M |
| Gross Margin | — | — |
| Operating Margin | — | 11.6% |
| Net Margin | 22.9% | 6.6% |
| Revenue YoY | 7.0% | 6.6% |
| Net Profit YoY | 8.4% | 38.9% |
| EPS (diluted) | $3.38 | $0.33 |
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 | — | ||
| Q4 25 | $5.4B | $6.3B | ||
| Q3 25 | $5.2B | $8.2B | ||
| Q2 25 | $5.1B | $6.3B | ||
| Q1 25 | $5.6B | $5.8B | ||
| Q4 24 | $5.0B | $5.9B | ||
| Q3 24 | $4.8B | $7.9B | ||
| Q2 24 | $4.8B | $5.8B |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.1B | $421.0M | ||
| Q3 25 | $1.0B | $1.9B | ||
| Q2 25 | $910.7M | $565.0M | ||
| Q1 25 | $1.2B | $-78.0M | ||
| Q4 24 | $963.2M | $303.0M | ||
| Q3 24 | $956.3M | $1.7B | ||
| Q2 24 | $829.3M | $92.0M |
| Q1 26 | — | — | ||
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | 46.2% | ||
| Q2 25 | 45.1% | 38.6% | ||
| Q1 25 | 47.7% | 35.2% | ||
| Q4 24 | 45.7% | 35.5% | ||
| Q3 24 | 45.5% | 45.5% | ||
| Q2 24 | 44.8% | 34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | 11.6% | ||
| Q3 25 | 25.3% | 27.9% | ||
| Q2 25 | 23.2% | 14.8% | ||
| Q1 25 | 29.2% | 9.3% | ||
| Q4 24 | 25.0% | 9.4% | ||
| Q3 24 | 25.6% | 27.6% | ||
| Q2 24 | 22.8% | 9.7% |
| Q1 26 | 22.9% | — | ||
| Q4 25 | 19.8% | 6.6% | ||
| Q3 25 | 19.6% | 22.7% | ||
| Q2 25 | 17.8% | 8.9% | ||
| Q1 25 | 22.5% | -1.3% | ||
| Q4 24 | 19.1% | 5.1% | ||
| Q3 24 | 19.8% | 22.0% | ||
| Q2 24 | 17.4% | 1.6% |
| Q1 26 | $3.38 | — | ||
| Q4 25 | $2.62 | $0.33 | ||
| Q3 25 | $2.49 | $1.33 | ||
| Q2 25 | $2.23 | $0.42 | ||
| Q1 25 | $3.06 | $-0.06 | ||
| Q4 24 | $2.35 | $0.28 | ||
| Q3 24 | $2.34 | $1.26 | ||
| Q2 24 | $2.01 | $0.07 |
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 | $1.9B |
| Total DebtLower is stronger | $4.0B | $27.4B |
| Stockholders' EquityBook value | $6.4B | $12.3B |
| Total Assets | $64.5B | $51.7B |
| Debt / EquityLower = less leverage | 0.63× | 2.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.5B | $1.9B | ||
| Q3 25 | $7.9B | $1.8B | ||
| Q2 25 | $7.8B | $2.1B | ||
| Q1 25 | $2.7B | $833.0M | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $7.3B | $1.5B | ||
| Q2 24 | $3.3B | $1.6B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $27.4B | ||
| Q3 25 | — | $27.2B | ||
| Q2 25 | — | $28.0B | ||
| Q1 25 | — | $27.7B | ||
| Q4 24 | — | $28.2B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.2B |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.4B | $12.3B | ||
| Q3 25 | $6.4B | $11.9B | ||
| Q2 25 | $6.2B | $10.0B | ||
| Q1 25 | $5.9B | $9.2B | ||
| Q4 24 | $5.1B | $9.3B | ||
| Q3 24 | $5.3B | $8.6B | ||
| Q2 24 | $4.5B | $6.8B |
| Q1 26 | $64.5B | — | ||
| Q4 25 | $84.6B | $51.7B | ||
| Q3 25 | $54.3B | $50.8B | ||
| Q2 25 | $53.4B | $51.2B | ||
| Q1 25 | $56.4B | $48.5B | ||
| Q4 24 | $64.1B | $49.1B | ||
| Q3 24 | $49.5B | $49.8B | ||
| Q2 24 | $54.4B | $49.6B |
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | 2.23× | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | 3.45× | ||
| Q2 24 | — | 4.43× |
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 | — | $1.5B |
| Free Cash FlowOCF − Capex | — | $12.0M |
| FCF MarginFCF / Revenue | — | 0.2% |
| Capex IntensityCapex / Revenue | 2.1% | 23.8% |
| Cash ConversionOCF / Net Profit | — | 3.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $642.3M | $1.4B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.5B | $925.0M | ||
| Q4 24 | $1.2B | $911.0M | ||
| Q3 24 | $824.4M | $1.2B | ||
| Q2 24 | $1.3B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $12.0M | ||
| Q3 25 | — | $736.0M | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $318.0M | ||
| Q4 24 | — | $319.0M | ||
| Q3 24 | — | $628.0M | ||
| Q2 24 | — | $720.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 22.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 3.61× | ||
| Q3 25 | 0.63× | 0.75× | ||
| Q2 25 | 1.58× | 4.23× | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | 3.01× | ||
| Q3 24 | 0.86× | 0.69× | ||
| Q2 24 | 1.57× | 22.16× |
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% |
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
