| Stage | ADP | % of rev | PAYX | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.5B | 100.00% | $1.6B | 100.00% | ADP ×3.37 |
| Gross profit | $2.8B | 50.57% | $1.2B | 73.62% | PAYX +23.0pp |
| Operating income | $1.5B | 26.64% | $619M | 37.98% | PAYX +11.3pp |
| Pre-tax income | $1.5B | 26.50% | $565M | 34.65% | PAYX +8.2pp |
| Net income | $1.1B | 20.49% | $430M | 26.35% | PAYX +5.9pp |
| Stage | ADP | PAYX | Gap · A − B |
|---|---|---|---|
| Revenue | $5.5B100.00% | $1.6B100.00% | ADP ×3.37 |
| Gross profit | 50.57%$2.8B | 73.62%$1.2B | PAYX +23.0pp |
| Operating income | 26.64%$1.5B | 37.98%$619M | PAYX +11.3pp |
| Pre-tax income | 26.50%$1.5B | 34.65%$565M | PAYX +8.2pp |
| Net income |
| 20.49%$1.1B |
| 26.35%$430M |
| PAYX +5.9pp |