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ADP

AUTOMATIC DATA PROCESSING, INC.
CIK 0000008670 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
43.2
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2026-06-30 ยท ELEVATED58.2

Restatement predictor

F-Score 1.75 โ€” misstatement risk 1.7x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-08-05) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.746,
  "probability": 0.00646,
  "components": {
    "rsst": -0.0176,
    "drec": -0.001,
    "dinv": null,
    "soft": 0.9229,
    "dcs": 0.0703,
    "droa": -0.0066,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2026-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/8670/000000867026000030/0000008670-26-000030-index.htm",
    "form": "10-K",
    "filed": "2026-08-05"
  }
}
P-01 ยท FY 2026-06-30 ยท CLEAN24.9

Earnings quality

Beneish M-Score -2.63 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-08-05) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.63,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.922,
    "GMI": 0.992,
    "AQI": 0.892,
    "SGI": 1.067,
    "DEPI": 0.986,
    "SGAI": 1.019,
    "LVGI": 1.026,
    "TATA": -0.016
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0176,
  "inputs": {
    "revenue_t": 21947400000,
    "revenue_t1": 20560900000,
    "total_assets_t": 63193300000,
    "net_income_t": 4413500000,
    "cfo_t": 5441200000
  },
  "stale": false,
  "latest_filing_period": "2026-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/8670/000000867026000030/0000008670-26-000030-index.htm",
    "form": "10-K",
    "filed": "2026-08-05"
  }
}
P-05 ยท FY 2026-06-30 ยท CLEAN0.0

Tax arbitrage

ETR 23.0% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-08-05) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2026-06-30": 0.2298,
    "2025-06-30": 0.2317,
    "2024-06-30": 0.2299
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2026-06-30": -0.0198,
    "2025-06-30": -0.0217,
    "2024-06-30": -0.0199
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2026-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/8670/000000867026000030/0000008670-26-000030-index.htm",
    "form": "10-K",
    "filed": "2026-08-05"
  }
}
P-07 ยท FY 2026-06-30 ยท CLEAN0.0

Pension underfunding

DB plan 119% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-08-05) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 1663400000,
  "plan_assets": 1985200000,
  "funded_ratio": 1.1935,
  "deficit": 321800000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2026-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/8670/000000867026000030/0000008670-26-000030-index.htm",
    "form": "10-K",
    "filed": "2026-08-05"
  }
}