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Side-by-side financial comparison of Automatic Data Processing (ADP) and Flutter Entertainment plc (FLUT). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.9B vs $4.7B, roughly 1.3× Flutter Entertainment plc). Automatic Data Processing runs the higher net margin — 22.9% vs 0.2%, a 22.7% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 7.0%). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 11.6%).
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.
Flutter Entertainment plc is an Irish-American multinational sports betting and gambling company. It is listed on the New York Stock Exchange and has a secondary listing on the London Stock Exchange. It owns brands such as Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet. Flutter is the world's largest online betting company.
ADP vs FLUT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.9B | $4.7B |
| Net Profit | $1.4B | $10.0M |
| Gross Margin | — | 44.5% |
| Operating Margin | — | 5.4% |
| Net Margin | 22.9% | 0.2% |
| Revenue YoY | 7.0% | 24.9% |
| Net Profit YoY | 8.4% | -93.6% |
| EPS (diluted) | $10.01 | $0.00 |
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 | $4.7B | ||
| Q3 25 | $5.2B | $3.8B | ||
| Q2 25 | $5.1B | $4.2B | ||
| Q1 25 | $5.6B | $3.7B | ||
| Q4 24 | $5.0B | $3.8B | ||
| Q3 24 | $4.8B | $3.2B | ||
| Q2 24 | $4.8B | $3.6B |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.1B | $10.0M | ||
| Q3 25 | $1.0B | $-789.0M | ||
| Q2 25 | $910.7M | $37.0M | ||
| Q1 25 | $1.2B | $335.0M | ||
| Q4 24 | $963.2M | $156.0M | ||
| Q3 24 | $956.3M | $-114.0M | ||
| Q2 24 | $829.3M | $297.0M |
| Q1 26 | — | — | ||
| Q4 25 | 46.1% | 44.5% | ||
| Q3 25 | 45.2% | 42.9% | ||
| Q2 25 | 45.1% | 46.8% | ||
| Q1 25 | 47.7% | 46.6% | ||
| Q4 24 | 45.7% | 48.2% | ||
| Q3 24 | 45.5% | 46.1% | ||
| Q2 24 | 44.8% | 49.2% |
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | 5.4% | ||
| Q3 25 | 25.3% | -22.0% | ||
| Q2 25 | 23.2% | 9.3% | ||
| Q1 25 | 29.2% | 6.1% | ||
| Q4 24 | 25.0% | 7.4% | ||
| Q3 24 | 25.6% | 3.0% | ||
| Q2 24 | 22.8% | 10.2% |
| Q1 26 | 22.9% | — | ||
| Q4 25 | 19.8% | 0.2% | ||
| Q3 25 | 19.6% | -20.8% | ||
| Q2 25 | 17.8% | 0.9% | ||
| Q1 25 | 22.5% | 9.1% | ||
| Q4 24 | 19.1% | 4.1% | ||
| Q3 24 | 19.8% | -3.5% | ||
| Q2 24 | 17.4% | 8.2% |
| Q1 26 | $10.01 | — | ||
| Q4 25 | $2.62 | $0.00 | ||
| Q3 25 | $2.49 | $-3.91 | ||
| Q2 25 | $2.23 | $0.59 | ||
| Q1 25 | $3.06 | $1.57 | ||
| Q4 24 | $2.35 | $0.47 | ||
| Q3 24 | $2.34 | $-0.58 | ||
| Q2 24 | $2.01 | $1.45 |
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 | $1.8B |
| Total DebtLower is stronger | $4.0B | $12.3B |
| Stockholders' EquityBook value | $6.4B | $9.0B |
| Total Assets | $64.5B | $29.3B |
| Debt / EquityLower = less leverage | 0.63× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $7.9B | $1.7B | ||
| Q2 25 | $7.8B | $1.7B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $7.3B | $1.5B | ||
| Q2 24 | $3.3B | $1.5B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $12.3B | ||
| Q3 25 | — | $12.1B | ||
| Q2 25 | — | $10.0B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | — | $6.8B |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.4B | $9.0B | ||
| Q3 25 | $6.4B | $9.2B | ||
| Q2 25 | $6.2B | $10.2B | ||
| Q1 25 | $5.9B | $9.9B | ||
| Q4 24 | $5.1B | $9.3B | ||
| Q3 24 | $5.3B | $10.2B | ||
| Q2 24 | $4.5B | $9.9B |
| Q1 26 | $64.5B | — | ||
| Q4 25 | $84.6B | $29.3B | ||
| Q3 25 | $54.3B | $29.3B | ||
| Q2 25 | $53.4B | $29.9B | ||
| Q1 25 | $56.4B | $24.8B | ||
| Q4 24 | $64.1B | $24.5B | ||
| Q3 24 | $49.5B | $25.5B | ||
| Q2 24 | $54.4B | $24.3B |
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.69× |
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 | — | $428.0M |
| Free Cash FlowOCF − Capex | — | $392.0M |
| FCF MarginFCF / Revenue | — | 8.3% |
| Capex IntensityCapex / Revenue | 2.1% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 42.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $428.0M | ||
| Q3 25 | $642.3M | $209.0M | ||
| Q2 25 | $1.4B | $359.0M | ||
| Q1 25 | $1.5B | $188.0M | ||
| Q4 24 | $1.2B | $652.0M | ||
| Q3 24 | $824.4M | $290.0M | ||
| Q2 24 | $1.3B | $323.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $392.0M | ||
| Q3 25 | — | $196.0M | ||
| Q2 25 | — | $322.0M | ||
| Q1 25 | — | $169.0M | ||
| Q4 24 | — | $595.0M | ||
| Q3 24 | — | $253.0M | ||
| Q2 24 | — | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.3% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 8.2% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 42.80× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | 9.70× | ||
| Q1 25 | 1.22× | 0.56× | ||
| Q4 24 | 1.19× | 4.18× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | 1.09× |
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% |
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
