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AUTOMATIC DATA PROCESSING (ADP)

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Earnings summaries and quarterly performance for AUTOMATIC DATA PROCESSING.

Research analysts who have asked questions during AUTOMATIC DATA PROCESSING earnings calls.

DD

Dan Dolev

Mizuho Financial Group

8 questions for ADP

Also covers: ACN, AFRM, COIN +16 more
KM

Kartik Mehta

Northcoast Research

8 questions for ADP

Also covers: BETR, CTAS, DLX +15 more
MM

Mark Marcon

Baird

8 questions for ADP

Also covers: AMN, ASGN, DAY +13 more
TH

Tien-tsin Huang

JPMorgan Chase & Co.

8 questions for ADP

Also covers: ACN, ALIT, AVDX +27 more
BB

Bryan Bergin

TD Cowen

6 questions for ADP

Also covers: ACN, ASUR, CINT +18 more
Ramsey El-Assal

Ramsey El-Assal

Barclays

6 questions for ADP

Also covers: ACN, AFRM, AVDX +23 more
SS

Samad Samana

Jefferies

6 questions for ADP

Also covers: ALRM, AUDC, BILL +21 more
DJ

Daniel Jester

BMO Capital Markets

5 questions for ADP

Also covers: BL, BSY, DAY +12 more
JF

James Faucette

Morgan Stanley

5 questions for ADP

Also covers: ACN, AFRM, AVDX +29 more
KM

Kevin McVeigh

Credit Suisse Group AG

5 questions for ADP

Also covers: ACN, ALIT, ASGN +15 more
Scott Wurtzel

Scott Wurtzel

Wolfe Research

5 questions for ADP

Also covers: BR, CLVT, CSGP +12 more
Ashish Sabadra

Ashish Sabadra

RBC Capital Markets

4 questions for ADP

Also covers: ADT, CBOE, CLVT +21 more
BK

Bryan Keane

Deutsche Bank

4 questions for ADP

Also covers: ACN, AFRM, AVDX +18 more
JK

Jason Kupferberg

Bank of America

3 questions for ADP

Also covers: ACN, AFRM, CTSH +17 more
ZG

Zachary Gunn

Financial Technology Partners

3 questions for ADP

Also covers: AFRM, EEFT, HOOD +6 more
David Paige

David Paige

RBC Capital Markets

2 questions for ADP

Also covers: APG, AXON, CTAS +6 more
Peter Christiansen

Peter Christiansen

Citigroup Inc.

2 questions for ADP

Also covers: ADT, ALIT, BLSH +12 more
Caroline Latta

Caroline Latta

Bank of America

1 question for ADP

Also covers: JSM, SLM
DP

David Paige Papadogonas

RBC Capital Markets

1 question for ADP

Also covers: ADT, APG, CLVT +5 more
JL

Jared Levine

TD Cowen

1 question for ADP

Also covers: ASUR, DAY, G +7 more
KC

Kathy Chan

Wells Fargo Securities

1 question for ADP

Also covers: AFRM
Michael Infante

Michael Infante

Morgan Stanley

1 question for ADP

Also covers: BR, CPAY, CWAN +10 more
ZA

Zachary Ajzenman

TD Cowen

1 question for ADP

Also covers: DAVA, DXC, GLOB

Recent press releases and 8-K filings for ADP.

ADP reports February 2026 private-sector payrolls up 63,000
ADP
Hiring
  • ADP reported that U.S. private-sector payrolls rose by 63,000 in February 2026, topping forecasts of around 50,000, with January’s gain revised down to 11,000.
  • Job gains were concentrated in education and health services (+58,000) and construction (+19,000), while professional and business services shed 30,000 jobs and manufacturing fell by 5,000.
  • Wage growth for job-stayers held steady at 4.5%, while the pay premium for job-switchers slowed to 6.3%, the lowest level on record.
  • February’s increase was the largest monthly gain since July 2025.
Mar 4, 2026, 1:26 PM
ADP reports February 2026 private sector employment and pay
ADP
Hiring
  • Private employers added 63,000 jobs in February, the strongest monthly gain since July 2025, driven by construction and education/health services.
  • Annual pay for job-stayers rose 4.5% year-over-year, while pay growth for job-changers slowed to 6.3%.
  • January’s job gain was revised down to 11,000 from 22,000.
Mar 4, 2026, 1:15 PM
ADP launches AI agents on its Marketplace
ADP
Product Launch
  • On March 2, 2026, ADP introduced a new destination within its ADP Marketplace offering AI agents to automate HR workflows and multistep tasks across the employee lifecycle.
  • The curated AI agents, provided by partners including Absorb, Aquera, G-P, Built, Employ, Praisidio, Salary.com, Tapcheck, MakeShift, Payactiv, and Quantum Workplace, address challenges in talent acquisition, compliance, and workforce insights.
  • All partner solutions adhere to ADP Marketplace’s responsible AI principles—human oversight, monitoring, explainability, and bias mitigation—aligned with ADP’s own standards.
  • The AI agents are now available to ADP’s clients, enabling proactive, integrated tools that anticipate needs and act in real time to simplify HR, payroll, talent, and workforce operations.
Mar 2, 2026, 5:00 PM
ADP reports preliminary U.S. job gains for January 31, 2026
ADP
Hiring
  • U.S. private employers added an average of 10,250 jobs per week for the four weeks ending January 31, 2026, marking the third consecutive week of strengthening job gains.
  • Estimates are based on ADP’s seasonally adjusted NER Pulse four-week moving average, using high-frequency payroll data and subject to revision as new data are added.
  • The NER Pulse releases weekly with a two-week data lag; the next report is scheduled for February 24, 2026.
Feb 17, 2026, 1:15 PM
ADP reports January 2026 private sector jobs and pay data
ADP
Hiring
  • Private sector employment increased by 22,000 jobs in January, led by education and health services (+74,000) while manufacturing lost 8,000 positions.
  • 2025 private sector job growth totaled 398,000, down from 771,000 in 2024, reflecting continued slowdown in hiring.
  • Median annual pay for job-stayers rose 4.5% year-over-year in January; job-changers' pay growth eased to 6.4% from 6.6%.
Feb 4, 2026, 1:15 PM
Automatic Data Processing reports U.S. private payrolls up 22,000 in January
ADP
Hiring
  • ADP reported 22,000 U.S. private-sector jobs added in January, below the 45,000 economists’ forecast and down from 37,000 in December.
  • Education and health services led gains with 74,000 jobs, while professional & business services lost 57,000 and manufacturing fell 8,000.
  • Annual pay grew 4.5% year-over-year as private hires slowed to 398,000 in 2025 versus 771,000 in 2024.
  • Markets reacted with about a $300 billion selloff, reflecting a “low-hire, low-fire” labor outlook.
Feb 4, 2026, 9:47 AM
ADP launches AI Assist agents for HR and payroll
ADP
Product Launch
  • ADP introduced AI Assist agents, leveraging advanced intelligence to streamline HR and payroll workflows.
  • The persona-based agents cater to employees, managers, HR, and payroll practitioners, built on ADP’s global data platform covering 1.1 million clients and 42 million wage earners across 140 countries.
  • Key features include automated payroll variance audits, proactive tax ID gap identification, personalized policy guidance, and custom analytics-driven reports and talent actions via natural language.
  • The solution draws on 75+ years of workforce data to deliver AI-driven insights while upholding security and compliance standards.
Jan 28, 2026, 2:47 PM
ADP reports strong Q2 2026 results
ADP
Earnings
Guidance Update
Product Launch
  • ADP delivered 6% revenue growth, 80 bps adjusted EBIT margin expansion, and 11% adjusted EPS growth, driven by broad-based new business bookings and record client satisfaction.
  • The company raised its fiscal 2026 outlook, now targeting 6% consolidated revenue growth, 50–70 bps EBIT margin expansion, and 9–10% adjusted EPS growth, and authorized a $6 billion share repurchase alongside a 10% dividend increase.
  • Strategic investments advanced with strong traction of Workforce Now Next Gen and ADP Lyric HCM, integration of the Workforce Suite, launch of AI-powered ADP Assist agents, and embedding Fiserv’s CashFlow Central into RUN to boost its ecosystem.
  • PEO revenue grew 6% (3% ex-pass-throughs) with 2% average worksite employee growth, while ADP’s international operations served over 70,000 clients and won a 75,000-employee European bank contract.
Jan 28, 2026, 1:30 PM
ADP reports strong Q2 2026 results and raises guidance
ADP
Earnings
Guidance Update
Share Buyback
  • In Q2, 6% revenue growth, 80 bps of Adjusted EBIT margin expansion, and 11% Adjusted EPS growth were delivered.
  • Employer Services revenue rose 6% (5% organic) with pays per control growth of 1% and modest retention decline; PEO revenue grew 6% (3% ex-pass-throughs) and average worksite employees grew 2%.
  • Fiscal 2026 guidance was raised: consolidated revenue growth ~6%, Adjusted EPS growth 9–10%, and board authorization of $6 billion share buyback alongside a 10% dividend increase.
  • Strategic momentum included broad-based ES new bookings, first mid-market sale of Workforce Now Next Gen, large ADP Lyric wins, launch of ADP WorkForce Suite, and rollout of AI-powered ADP Assist agents.
Jan 28, 2026, 1:30 PM
ADP reports Q2 FY2026 earnings and raises full-year guidance
ADP
Earnings
Guidance Update
Share Buyback
  • Consolidated revenue grew 6% with 80 bps adjusted EBIT margin expansion and 11% adjusted EPS growth; raised full-year revenue growth outlook to ~6%, adjusted EBIT margin up 50–70 bps, and adjusted EPS growth to 9–10%.
  • Employer Services revenue rose 6% reported (5% organic), with new business bookings growth maintained at 4–7%, retention modestly down, and pays per control up ~1%; PEO revenue grew 6% (3% ex zero-margin) with average worksite employee growth at 2% and full-year PEO revenue guide of 5–7% (3–5% ex pass-throughs).
  • Highlighted HCM technology traction: first Workforce Now Next Gen sale to a >1,000-employee client, strong ADP Lyric enterprise bookings with >70% new logos and two wins >20,000 employees, launch of ADP Workforce Suite and AI-driven ADP Assist agents; introduced Save for Retirement pooled employer plan and won a 75,000-employee European bank.
  • Approved $6 billion share repurchase authorization and 10% dividend increase, underscoring commitment to return excess cash.
Jan 28, 2026, 1:30 PM

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