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Side-by-side financial comparison of Automatic Data Processing (ADP) and TE Connectivity (TEL). 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× TE Connectivity). Automatic Data Processing runs the higher net margin — 22.9% vs 18.0%, a 4.9% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (14.5% vs 7.0%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (11.6% CAGR vs 9.2%).
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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
ADP vs TEL — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.9B | $4.7B |
| Net Profit | $1.4B | $855.0M |
| Gross Margin | — | 36.8% |
| Operating Margin | — | 20.1% |
| Net Margin | 22.9% | 18.0% |
| Revenue YoY | 7.0% | 14.5% |
| Net Profit YoY | 8.4% | 58.0% |
| EPS (diluted) | $3.38 | $2.90 |
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 | $4.7B | ||
| Q4 25 | $5.4B | $4.7B | ||
| Q3 25 | $5.2B | $4.7B | ||
| Q2 25 | $5.1B | $4.5B | ||
| Q1 25 | $5.6B | $4.1B | ||
| Q4 24 | $5.0B | $3.8B | ||
| Q3 24 | $4.8B | $4.1B | ||
| Q2 24 | $4.8B | $4.0B |
| Q1 26 | $1.4B | $855.0M | ||
| Q4 25 | $1.1B | $750.0M | ||
| Q3 25 | $1.0B | $663.0M | ||
| Q2 25 | $910.7M | $638.0M | ||
| Q1 25 | $1.2B | $13.0M | ||
| Q4 24 | $963.2M | $528.0M | ||
| Q3 24 | $956.3M | $276.0M | ||
| Q2 24 | $829.3M | $573.0M |
| Q1 26 | — | 36.8% | ||
| Q4 25 | 46.1% | 37.2% | ||
| Q3 25 | 45.2% | 35.0% | ||
| Q2 25 | 45.1% | 35.3% | ||
| Q1 25 | 47.7% | 35.2% | ||
| Q4 24 | 45.7% | 35.5% | ||
| Q3 24 | 45.5% | 34.0% | ||
| Q2 24 | 44.8% | 34.8% |
| Q1 26 | — | 20.1% | ||
| Q4 25 | 25.8% | 20.6% | ||
| Q3 25 | 25.3% | 19.3% | ||
| Q2 25 | 23.2% | 18.9% | ||
| Q1 25 | 29.2% | 18.1% | ||
| Q4 24 | 25.0% | 18.0% | ||
| Q3 24 | 25.6% | 16.0% | ||
| Q2 24 | 22.8% | 19.0% |
| Q1 26 | 22.9% | 18.0% | ||
| Q4 25 | 19.8% | 16.1% | ||
| Q3 25 | 19.6% | 14.0% | ||
| Q2 25 | 17.8% | 14.1% | ||
| Q1 25 | 22.5% | 0.3% | ||
| Q4 24 | 19.1% | 13.8% | ||
| Q3 24 | 19.8% | 6.8% | ||
| Q2 24 | 17.4% | 14.4% |
| Q1 26 | $3.38 | $2.90 | ||
| Q4 25 | $2.62 | $2.53 | ||
| Q3 25 | $2.49 | $2.23 | ||
| Q2 25 | $2.23 | $2.14 | ||
| Q1 25 | $3.06 | $0.04 | ||
| Q4 24 | $2.35 | $1.75 | ||
| Q3 24 | $2.34 | $0.96 | ||
| Q2 24 | $2.01 | $1.86 |
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 | $1.1B |
| Total DebtLower is stronger | $4.0B | $5.7B |
| Stockholders' EquityBook value | $6.4B | $13.2B |
| Total Assets | $64.5B | $25.7B |
| Debt / EquityLower = less leverage | 0.63× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.2B | $1.1B | ||
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $7.9B | $1.3B | ||
| Q2 25 | $7.8B | $672.0M | ||
| Q1 25 | $2.7B | $2.6B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $7.3B | $1.3B | ||
| Q2 24 | $3.3B | $1.5B |
| Q1 26 | $4.0B | $5.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $6.4B | $13.2B | ||
| Q4 25 | $6.4B | $13.0B | ||
| Q3 25 | $6.4B | $12.6B | ||
| Q2 25 | $6.2B | $12.4B | ||
| Q1 25 | $5.9B | $12.1B | ||
| Q4 24 | $5.1B | $12.4B | ||
| Q3 24 | $5.3B | $12.4B | ||
| Q2 24 | $4.5B | $12.6B |
| Q1 26 | $64.5B | $25.7B | ||
| Q4 25 | $84.6B | $25.6B | ||
| Q3 25 | $54.3B | $25.1B | ||
| Q2 25 | $53.4B | $24.9B | ||
| Q1 25 | $56.4B | $23.7B | ||
| Q4 24 | $64.1B | $22.4B | ||
| Q3 24 | $49.5B | $22.9B | ||
| Q2 24 | $54.4B | $22.9B |
| Q1 26 | 0.63× | 0.43× | ||
| 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 | — | $947.0M |
| Free Cash FlowOCF − Capex | — | $680.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | 2.1% | 5.7% |
| Cash ConversionOCF / Net Profit | — | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $947.0M | ||
| Q4 25 | $1.1B | $865.0M | ||
| Q3 25 | $642.3M | $1.4B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.5B | $653.0M | ||
| Q4 24 | $1.2B | $878.0M | ||
| Q3 24 | $824.4M | $1.0B | ||
| Q2 24 | $1.3B | $1.0B |
| Q1 26 | — | $680.0M | ||
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $957.0M | ||
| Q1 25 | — | $423.0M | ||
| Q4 24 | — | $673.0M | ||
| Q3 24 | — | $829.0M | ||
| Q2 24 | — | $857.0M |
| Q1 26 | — | 14.3% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 20.4% | ||
| Q2 24 | — | 21.5% |
| Q1 26 | 2.1% | 5.7% | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 1.11× | ||
| Q4 25 | 1.07× | 1.15× | ||
| Q3 25 | 0.63× | 2.14× | ||
| Q2 25 | 1.58× | 1.86× | ||
| Q1 25 | 1.22× | 50.23× | ||
| Q4 24 | 1.19× | 1.66× | ||
| Q3 24 | 0.86× | 3.78× | ||
| Q2 24 | 1.57× | 1.76× |
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% |
TEL
Segment breakdown not available.
