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Side-by-side financial comparison of Automatic Data Processing (ADP) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $720.0M, roughly 7.4× NCR Voyix Corp). Automatic Data Processing runs the higher net margin — 19.8% vs 13.6%, a 6.2% gap on every dollar of revenue. On growth, NCR Voyix Corp posted the faster year-over-year revenue change (6.2% vs 6.2%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (1.0% CAGR vs 0.7%).
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.
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
ADP vs VYX — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $720.0M |
| Net Profit | $1.1B | $98.0M |
| Gross Margin | 46.1% | — |
| Operating Margin | 25.8% | 2.4% |
| Net Margin | 19.8% | 13.6% |
| Revenue YoY | 6.2% | 6.2% |
| Net Profit YoY | 10.3% | 990.9% |
| EPS (diluted) | $2.62 | $0.64 |
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.
| Q4 25 | $5.4B | $720.0M | ||
| Q3 25 | $5.2B | $684.0M | ||
| Q2 25 | $5.1B | $666.0M | ||
| Q1 25 | $5.6B | $617.0M | ||
| Q4 24 | $5.0B | $678.0M | ||
| Q3 24 | $4.8B | $708.0M | ||
| Q2 24 | $4.8B | $722.0M | ||
| Q1 24 | $5.3B | $710.0M |
| Q4 25 | $1.1B | $98.0M | ||
| Q3 25 | $1.0B | $-19.0M | ||
| Q2 25 | $910.7M | $0 | ||
| Q1 25 | $1.2B | $-17.0M | ||
| Q4 24 | $963.2M | $-11.0M | ||
| Q3 24 | $956.3M | $1.1B | ||
| Q2 24 | $829.3M | $-73.0M | ||
| Q1 24 | $1.2B | $-40.0M |
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | 23.4% | ||
| Q2 24 | 44.8% | 17.5% | ||
| Q1 24 | 47.3% | 19.4% |
| Q4 25 | 25.8% | 2.4% | ||
| Q3 25 | 25.3% | 2.2% | ||
| Q2 25 | 23.2% | 2.1% | ||
| Q1 25 | 29.2% | -3.2% | ||
| Q4 24 | 25.0% | -0.1% | ||
| Q3 24 | 25.6% | 2.3% | ||
| Q2 24 | 22.8% | -4.7% | ||
| Q1 24 | 29.4% | -2.7% |
| Q4 25 | 19.8% | 13.6% | ||
| Q3 25 | 19.6% | -2.8% | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 22.5% | -2.8% | ||
| Q4 24 | 19.1% | -1.6% | ||
| Q3 24 | 19.8% | 152.8% | ||
| Q2 24 | 17.4% | -10.1% | ||
| Q1 24 | 22.6% | -5.6% |
| Q4 25 | $2.62 | $0.64 | ||
| Q3 25 | $2.49 | $-0.16 | ||
| Q2 25 | $2.23 | $-0.03 | ||
| Q1 25 | $3.06 | $-0.15 | ||
| Q4 24 | $2.35 | $-0.05 | ||
| Q3 24 | $2.34 | $7.41 | ||
| Q2 24 | $2.01 | $-0.53 | ||
| Q1 24 | $2.88 | $-0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5B | $231.0M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $6.4B | $948.0M |
| Total Assets | $84.6B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $231.0M | ||
| Q3 25 | $7.9B | $282.0M | ||
| Q2 25 | $7.8B | $276.0M | ||
| Q1 25 | $2.7B | $573.0M | ||
| Q4 24 | $2.2B | $722.0M | ||
| Q3 24 | $7.3B | $792.0M | ||
| Q2 24 | $3.3B | $203.0M | ||
| Q1 24 | $3.3B | $241.0M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $6.4B | $948.0M | ||
| Q3 25 | $6.4B | $848.0M | ||
| Q2 25 | $6.2B | $867.0M | ||
| Q1 25 | $5.9B | $857.0M | ||
| Q4 24 | $5.1B | $933.0M | ||
| Q3 24 | $5.3B | $1.0B | ||
| Q2 24 | $4.5B | $-85.0M | ||
| Q1 24 | $4.6B | $-34.0M |
| Q4 25 | $84.6B | $3.9B | ||
| Q3 25 | $54.3B | $4.0B | ||
| Q2 25 | $53.4B | $4.0B | ||
| Q1 25 | $56.4B | $4.3B | ||
| Q4 24 | $64.1B | $4.5B | ||
| Q3 24 | $49.5B | $4.7B | ||
| Q2 24 | $54.4B | $4.8B | ||
| Q1 24 | $64.2B | $5.0B |
| Q4 25 | — | 1.17× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.1B | $60.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.07× | 0.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $60.0M | ||
| Q3 25 | $642.3M | $14.0M | ||
| Q2 25 | $1.4B | $-242.0M | ||
| Q1 25 | $1.5B | $-42.0M | ||
| Q4 24 | $1.2B | $-170.0M | ||
| Q3 24 | $824.4M | $11.0M | ||
| Q2 24 | $1.3B | $62.0M | ||
| Q1 24 | $1.5B | $-35.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $10.0M | ||
| Q2 25 | — | $-249.0M | ||
| Q1 25 | — | $-50.0M | ||
| Q4 24 | — | $-177.0M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $-43.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -37.4% | ||
| Q1 25 | — | -8.1% | ||
| Q4 24 | — | -26.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | -6.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | 1.07× | 0.61× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | 0.01× | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 1.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADP
| HCM | $2.2B | 42% |
| PEO Zero Margin Benefits Pass Throughs | $1.1B | 21% |
| HRO | $979.3M | 18% |
| Global | $709.3M | 13% |
| Interest On Funds Held For Clients | $308.6M | 6% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
