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Automatic Data Processing（ADP）与摩根士丹利（MS）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是Automatic Data Processing的1.8倍（$10.7B vs $5.9B），摩根士丹利净利率更高（52.6% vs 22.9%，领先29.7%），摩根士丹利同比增速更快（16.0% vs 7.0%），过去两年Automatic Data Processing的营收复合增速更高（11.6% vs -15.8%）
ADP是总部位于美国新泽西州罗斯兰的跨国企业，为全球各行业客户提供云基人力资源管理、薪资核算处理、专业雇主组织（PEO）等领域的专业服务，是全球人力资源服务领域的知名头部供应商。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
ADP vs MS — 直观对比
营收规模更大
MS
是对方的1.8倍
$5.9B
营收增速更快
MS
高出9.1%
7.0%
净利率更高
MS
高出29.7%
22.9%
两年增速更快
ADP
近两年复合增速
-15.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.9B | $10.7B |
| 净利润 | $1.4B | $5.6B |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 22.9% | 52.6% |
| 营收同比 | 7.0% | 16.0% |
| 净利润同比 | 8.4% | — |
| 每股收益（稀释后） | $3.38 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ADPMS
| Q1 26 | $5.9B | $10.7B | ||
| Q4 25 | $5.4B | $17.9B | ||
| Q3 25 | $5.2B | $18.2B | ||
| Q2 25 | $5.1B | $16.8B | ||
| Q1 25 | $5.6B | $17.7B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.8B | $15.4B | ||
| Q2 24 | $4.8B | $15.0B |
净利润ADPMS
| Q1 26 | $1.4B | $5.6B | ||
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.0B | $4.6B | ||
| Q2 25 | $910.7M | $3.5B | ||
| Q1 25 | $1.2B | $4.3B | ||
| Q4 24 | $963.2M | — | ||
| Q3 24 | $956.3M | $3.2B | ||
| Q2 24 | $829.3M | $3.1B |
毛利率ADPMS
| 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% | — |
营业利润率ADPMS
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | 32.2% | ||
| Q3 25 | 25.3% | 33.1% | ||
| Q2 25 | 23.2% | 27.5% | ||
| Q1 25 | 29.2% | 31.3% | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 25.6% | 27.4% | ||
| Q2 24 | 22.8% | 27.1% |
净利率ADPMS
| Q1 26 | 22.9% | 52.6% | ||
| Q4 25 | 19.8% | 24.6% | ||
| Q3 25 | 19.6% | 25.3% | ||
| Q2 25 | 17.8% | 21.1% | ||
| Q1 25 | 22.5% | 24.3% | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | 19.8% | 20.7% | ||
| Q2 24 | 17.4% | 20.5% |
每股收益（稀释后）ADPMS
| Q1 26 | $3.38 | — | ||
| Q4 25 | $2.62 | $2.68 | ||
| Q3 25 | $2.49 | $2.80 | ||
| Q2 25 | $2.23 | $2.13 | ||
| Q1 25 | $3.06 | $2.60 | ||
| Q4 24 | $2.35 | — | ||
| Q3 24 | $2.34 | $1.88 | ||
| Q2 24 | $2.01 | $1.82 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.2B | — |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $6.4B | $5.1M |
| 总资产 | $64.5B | $1581.4B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资ADPMS
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.5B | $111.7B | ||
| Q3 25 | $7.9B | $103.7B | ||
| Q2 25 | $7.8B | $109.1B | ||
| Q1 25 | $2.7B | $90.7B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $7.3B | $91.1B | ||
| Q2 24 | $3.3B | $90.2B |
总债务ADPMS
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $341.7B | ||
| Q3 25 | — | $324.1B | ||
| Q2 25 | — | $320.1B | ||
| Q1 25 | — | $297.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $291.2B | ||
| Q2 24 | — | $269.9B |
股东权益ADPMS
| Q1 26 | $6.4B | $5.1M | ||
| Q4 25 | $6.4B | $111.6B | ||
| Q3 25 | $6.4B | $110.0B | ||
| Q2 25 | $6.2B | $108.2B | ||
| Q1 25 | $5.9B | $106.8B | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.3B | $103.6B | ||
| Q2 24 | $4.5B | $100.7B |
总资产ADPMS
| Q1 26 | $64.5B | $1581.4B | ||
| Q4 25 | $84.6B | $1420.3B | ||
| Q3 25 | $54.3B | $1364.8B | ||
| Q2 25 | $53.4B | $1353.9B | ||
| Q1 25 | $56.4B | $1300.3B | ||
| Q4 24 | $64.1B | — | ||
| Q3 24 | $49.5B | $1258.0B | ||
| Q2 24 | $54.4B | $1212.4B |
负债/权益比ADPMS
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | 3.06× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 2.78× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 2.68× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
MS
暂无分部数据
