Automatic Data Processing (ADP) Stock Buyback History
TTM buyback yield 2.19% · Shareholder yield (TTM) 2.19%.
TTM buyback yield
2.19%
Shareholder yield (TTM)
2.19%
5Y share count change
-5.5%
TTM buyback spend
$1.79B
SBC coverage (TTM)
9.77x
YoY change in spend
+4.0%
5Y CAGR of spend
+4.9%
Peak year (2022)
$1.97B
Cumulative spend
$28.29B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Automatic Data Processing (ADP) repurchased about $1.79B of stock over the trailing twelve months.
- Diluted share count is down 5.5% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 9.77× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +4.9% per year over the latest 5-year window.
- TTM repurchases used about 69% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $1.28B | $266.10M | $1.01B | 0.41B | -0.8% | 1.02% |
| 2024 | $1.23B | $243.50M | $988.20M | 0.41B | -0.8% | 1.28% |
| 2023 | $1.12B | $220.40M | $901.00M | 0.42B | -1.3% | 1.24% |
| 2022 | $1.97B | $201.70M | $1.77B | 0.42B | -1.6% | 2.25% |
| 2021 | $1.37B | $175.30M | $1.20B | 0.43B | -1.1% | 1.63% |
| 2020 | $1.01B | $130.80M | $875.50M | 0.43B | -1.1% | 1.58% |
| 2019 | $937.70M | $167.30M | $770.40M | 0.44B | -1.3% | 1.30% |
| 2018 | $989.30M | $175.40M | $813.90M | 0.44B | -1.6% | 1.68% |
| 2017 | $1.26B | $138.90M | $1.12B | 0.45B | -1.9% | 2.77% |
| 2016 | $1.16B | $137.60M | $1.02B | 0.46B | -3.5% | 2.77% |
| 2015 | $1.56B | $143.20M | $1.41B | 0.48B | -1.5% | 4.17% |
| 2014 | $667.30M | $138.40M | $528.90M | 0.48B | -0.8% | 2.01% |
| 2013 | $647.30M | $96.40M | $550.90M | 0.49B | -1.0% | 2.20% |
| 2012 | $741.30M | $78.70M | $662.60M | 0.49B | -1.2% | 3.12% |
| 2011 | $732.80M | $76.30M | $656.50M | 0.50B | -1.1% | 3.25% |
| 2010 | $766.40M | $67.60M | $698.80M | 0.50B | -0.4% | 4.42% |
| 2009 | $580.40M | $96.00M | $484.40M | 0.51B | -4.1% | 3.72% |
| 2008 | $1.50B | $0.00 | $1.50B | 0.53B | -5.5% | 8.07% |
| 2007 | $1.90B | $0.00 | $1.90B | 0.56B | -3.9% | 8.44% |
| 2006 | $1.30B | $0.00 | $1.30B | 0.58B | -1.6% | 6.56% |
| 2005 | $584.40M | $0.00 | $584.40M | 0.59B | -1.5% | 3.06% |
| 2004 | $629.93M | $0.00 | $629.93M | 0.60B | -1.2% | 3.27% |
| 2003 | $938.54M | $0.00 | $938.54M | 0.61B | -3.9% | 5.91% |
| 2002 | $875.45M | $0.00 | $875.45M | 0.63B | -2.4% | 4.38% |
| 2001 | $935.06M | $0.00 | $935.06M | 0.65B | -0.0% | 3.87% |
| 2000 | $201.01M | $0.00 | $201.01M | 0.65B | 1.4% | — |
| 1999 | $85.40M | $0.00 | $85.40M | 0.64B | 1.4% | — |
| 1998 | $40.90M | $0.00 | $40.90M | 0.63B | 3.6% | — |
| 1997 | $127.70M | $0.00 | $127.70M | 0.61B | 2.6% | — |
| 1996 | $245.20M | $0.00 | $245.20M | 0.59B | — | — |
| 1995 | $13.10M | $0.00 | $13.10M | — | — | — |
| 1994 | $129.40M | $0.00 | $129.40M | — | — | — |
| 1993 | $82.50M | $0.00 | $82.50M | — | — | — |
| 1992 | $12.30M | $0.00 | $12.30M | — | — | — |
| 1991 | $294.60M | $0.00 | $294.60M | — | — | — |
| 1990 | $166.40M | $0.00 | $166.40M | — | — | — |
| 1989 | $206.60M | $0.00 | $206.60M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Automatic Data Processing (ADP) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Automatic Data Processing (ADP)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Automatic Data Processing (ADP)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.28B | +4.0% | +$48.80M | ||
| 2024 | $1.23B | +9.8% | +$110.30M | ||
| 2023 | $1.12B | -43.1% | -$848.00M | ||
| 2022 | $1.97B | +43.5% | +$597.10M | ||
| 2021 | $1.37B | +36.4% | +$366.00M | ||
| 2020 | $1.01B | +7.3% | +$68.60M | ||
| 2019 | $937.70M | -5.2% | -$51.60M | ||
| 2018 | $989.30M | -21.5% | -$270.30M | ||
| 2017 | $1.26B | +9.0% | +$103.90M | ||
| 2016 | $1.16B | -25.8% | -$401.50M | ||
| 2015 | $1.56B | +133.4% | +$889.90M | ||
| 2014 | $667.30M | +3.1% | +$20.00M | ||
| 2013 | $647.30M | -12.7% | -$94.00M | ||
| 2012 | $741.30M | +1.2% | +$8.50M | ||
| 2011 | $732.80M | -4.4% | -$33.60M | ||
| 2010 | $766.40M | +32.0% | +$186.00M | ||
| 2009 | $580.40M | -61.4% | -$924.40M | ||
| 2008 | $1.50B | -20.8% | -$395.60M | ||
| 2007 | $1.90B | +46.2% | +$600.50M | ||
| 2006 | $1.30B | +122.4% | +$715.50M | ||
| 2005 | $584.40M | -7.2% | -$45.53M | ||
| 2004 | $629.93M | -32.9% | -$308.61M | ||
| 2003 | $938.54M | +7.2% | +$63.10M | ||
| 2002 | $875.45M | -6.4% | -$59.62M | ||
| 2001 | $935.06M | +365.2% | +$734.06M | ||
| 2000 | $201.01M | +135.4% | +$115.61M | ||
| 1999 | $85.40M | +108.8% | +$44.50M | ||
| 1998 | $40.90M | -68.0% | -$86.80M | ||
| 1997 | $127.70M | -47.9% | -$117.50M | ||
| 1996 | $245.20M | +1771.8% | +$232.10M | ||
| 1995 | $13.10M | -89.9% | -$116.30M | ||
| 1994 | $129.40M | +56.8% | +$46.90M | ||
| 1993 | $82.50M | +570.7% | +$70.20M | ||
| 1992 | $12.30M | -95.8% | -$282.30M | ||
| 1991 | $294.60M | +77.0% | +$128.20M | ||
| 1990 | $166.40M | -19.5% | -$40.20M | ||
| 1989 | $206.60M | — | — |
Automatic Data Processing (ADP) most recent annual buyback spend stands at $1.28B (2025) – edged up 4.0% year-over-year.
Across 2020–2025 (5 years), Automatic Data Processing buyback spend produced a CAGR of +4.9% – sustaining 2 straight years of year-over-year growth.
Automatic Data Processing buyback spend peaked at $1.97B in 2022; the latest annual figure is $1.28B in 2025 (35.0% below peak).
The dataset's maximum buyback spend sits at $1.97B (2022); the minimum reading of $12.30M dates to 1992.
Automatic Data Processing (ADP) sits 6th of 8 Industrials peers we track on this metric, against a peer median of $2.27B.
Automatic Data Processing Buyback Spend 2025: $1.28B
Automatic Data Processing buyback spend in 2025 was $1.28B, edged up 4.0% from 2024.
Automatic Data Processing Buyback Spend 2024: $1.23B
Automatic Data Processing buyback spend in 2024 was $1.23B, grew 9.8% from 2023.
Automatic Data Processing Buyback Spend 2023: $1.12B
Automatic Data Processing buyback spend in 2023 was $1.12B, plunged 43.1% below 2022.
Automatic Data Processing Buyback Spend 2022: $1.97B
Automatic Data Processing buyback spend in 2022 was $1.97B, surged 43.5% from 2021. This figure represents the highest annual value in the available history.
Automatic Data Processing Buyback Spend 2021: $1.37B
Automatic Data Processing buyback spend in 2021 was $1.37B.
See more financial history for Automatic Data Processing (ADP).
Sector peers by buyback spend
Companies in the same sector as Automatic Data Processing, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| GE Aerospace (GE) | $7.55B | Industrials |
| Caterpillar (CAT) | $5.19B | Industrials |
| Honeywell International (HON) | $3.80B | Industrials |
| Union Pacific (UNP) | $2.68B | Industrials |
| Eaton Corporation (ETN) | $1.86B | Industrials |
| Deere & Company (DE) | $1.14B | Industrials |
| RTX (RTX) | $50.00M | Industrials |
| Boeing (BA) | $0 | Industrials |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 9.77×.
Capital allocation mix
How Automatic Data Processing splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $2.58B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Automatic Data Processing's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Automatic Data Processing buy back its own stock?
Yes, Automatic Data Processing (ADP) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Automatic Data Processing spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $1.79B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Automatic Data Processing's buyback yield?
TTM buyback yield is about 2.19% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Automatic Data Processing's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.19% combined (TTM-based where available).
Is Automatic Data Processing diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Automatic Data Processing's share count changed?
Diluted weighted average shares changed by about -5.5% over roughly five fiscal years (annual income statement data).
What is Automatic Data Processing's buyback spend?
Latest reported buyback spend for Automatic Data Processing (ADP) is $1.79B (period ending March 31, 2026).
How has Automatic Data Processing buyback spend changed year-over-year?
Automatic Data Processing (ADP) buyback spend changed +4.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Automatic Data Processing buyback spend?
Automatic Data Processing (ADP) buyback spend compound annual growth rate is +4.9% over the most recent 5 years available.
When did Automatic Data Processing buyback spend hit its highest annual value?
Automatic Data Processing buyback spend reached its highest annual value of $1.97B in 2022.
What was Automatic Data Processing buyback spend in 2024?
Automatic Data Processing (ADP) buyback spend in 2024 was $1.23B.
What was Automatic Data Processing buyback spend in 2025?
Automatic Data Processing (ADP) buyback spend in 2025 was $1.28B.
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