ADP vs WDAY
Automatic Data Processing Inc. and Workday, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ADP | WDAY |
|---|---|---|
| Revenue | $21.9B | $9.6B |
| Net income | $4.4B | $693.0M |
| Gross margin | 46.4% | · |
| Net margin | 20.1% | 7.3% |
| Return on equity | 72.2% | 8.2% |
| Diluted EPS | $10.94 | $2.59 |
| Dividend / share | $6.64 | · |
| Payout ratio | 59.5% | · |
| Free cash flow | · | $2.8B |
| Equity | $6.0B | $7.8B |
| Net debt / equity | 0.12× | 0.19× |
| Current ratio | 1.05× | 1.32× |
| Revenue CAGR 5y | 7.9% | 17.2% |
| Profit CAGR 5y | 11.2% | · |
ADP bills 2.3× the revenue of WDAY, and keeps more of each dollar of revenue as profit (20.1% against 7.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ADP | WDAY |
|---|---|---|
| FY2025 | $21.9B | $9.6B |
| FY2024 | $20.6B | $8.4B |
| FY2023 | $19.2B | $7.3B |
| FY2022 | $18.0B | $6.2B |
| FY2021 | $16.5B | $5.1B |
| FY2020 | $15.0B | $4.3B |
| FY2019 | $14.6B | $3.6B |
| FY2018 | $14.1B | $2.8B |
| FY2017 | $13.3B | $2.1B |
| FY2016 | $12.4B | $1.6B |
Bottom line
| Fiscal year | ADP | WDAY |
|---|---|---|
| FY2025 | $4.4B | $693.0M |
| FY2024 | $4.1B | $526.0M |
| FY2023 | $3.8B | $1.4B |
| FY2022 | $3.4B | $-367.0M |
| FY2021 | $2.9B | $29.0M |
| FY2020 | $2.6B | $-282.4M |
| FY2019 | $2.5B | $-480.7M |
| FY2018 | $2.3B | $-418.3M |
| FY2017 | $1.9B | $-321.2M |
| FY2016 | $1.8B | $-384.7M |
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$12,395,400,000 | ADP |
| FY2024 | +$12,114,900,000 | ADP |
| FY2023 | +$11,943,600,000 | ADP |
| FY2022 | +$11,796,200,000 | ADP |
| FY2021 | +$11,359,300,000 | ADP |
| FY2020 | +$10,687,404,000 | ADP |
| FY2019 | +$10,962,594,000 | ADP |
| FY2018 | +$11,288,020,000 | ADP |
| FY2017 | +$11,131,150,000 | ADP |
| FY2016 | +$10,797,560,000 | ADP |
| FY2015 | +$10,511,110,000 | ADP |
| FY2014 | +$10,150,640,000 | ADP |
| FY2013 | +$9,757,462,000 | ADP |
| FY2012 | +$9,168,343,000 | ADP |
| FY2011 | +$10,460,973,000 | ADP |
| FY2010 | +$9,764,945,000 | ADP |
ADP has reported the higher revenue in every one of these 16 fiscal years. The gap has widened since the earliest year compared.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +12.9 pp | ADP |
| FY2024 | +13.6 pp | ADP |
| FY2023 | +0.5 pp | ADP |
| FY2022 | +24.8 pp | ADP |
| FY2021 | +17.3 pp | ADP |
| FY2020 | +23.9 pp | ADP |
| FY2019 | +30.2 pp | ADP |
| FY2018 | +31.1 pp | ADP |
| FY2017 | +29.2 pp | ADP |
| FY2016 | +38.9 pp | ADP |
| FY2015 | +36.6 pp | ADP |
| FY2014 | +44.8 pp | ADP |
| FY2013 | +51.6 pp | ADP |
| FY2012 | +58.4 pp | ADP |
| FY2011 | +72.3 pp | ADP |
| FY2010 | +95.4 pp | ADP |
ADP has kept the higher net margin in every one of these 16 fiscal years.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WDAY's net margin has been more volatile than ADP's over the 16 comparable fiscal years — 25.4 percentage points of standard deviation against 2.5.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ADP led in net margin in every one of the 16 comparable fiscal years — a structural lead, not a recent swing.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ADP's return on equity has been more volatile than WDAY's over the 13 comparable fiscal years — 24.0 percentage points of standard deviation against 14.9.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ADP led in return on equity in every one of the 13 comparable fiscal years — a structural lead, not a recent swing.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.