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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 +14 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 +23 more
BB

Bryan Bergin

TD Cowen

6 questions for ADP

Also covers: ACN, ASUR, CINT +17 more
Ramsey El-Assal

Ramsey El-Assal

Barclays

6 questions for ADP

Also covers: ACN, AFRM, AVDX +20 more
SS

Samad Samana

Jefferies

6 questions for ADP

Also covers: ALRM, AUDC, BILL +19 more
DJ

Daniel Jester

BMO Capital Markets

5 questions for ADP

Also covers: BL, DAY, INTU +11 more
JF

James Faucette

Morgan Stanley

5 questions for ADP

Also covers: ACN, AFRM, AVDX +25 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, EFX +11 more
Ashish Sabadra

Ashish Sabadra

RBC Capital Markets

4 questions for ADP

Also covers: CBOE, CLVT, CME +20 more
BK

Bryan Keane

Deutsche Bank

4 questions for ADP

Also covers: ACN, AFRM, AVDX +16 more
JK

Jason Kupferberg

Bank of America

3 questions for ADP

Also covers: ACN, AFRM, CTSH +14 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, CTAS, EFX +4 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 +6 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 +9 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 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%.
3 days ago
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.
3 days ago
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
ADP reports Q2 fiscal 2026 results
ADP
Earnings
Guidance Update
  • ADP delivered 6% revenue growth and 11% adjusted diluted EPS growth in Q2 FY 2026.
  • Employer Services revenues rose 6% (5% organic) with margin down 50 bps; PEO Services revenues increased 6% with margin down 70 bps.
  • New business bookings remained solid and company-wide client satisfaction hit a record high; PEO average worksite employees grew 2% to 758,000.
  • Maintained fiscal 2026 outlook for ~6% revenue growth, 9–10% adjusted diluted EPS growth, and 50–70 bps adjusted EBIT margin expansion.
Jan 28, 2026, 1:30 PM
ADP reports Q2 2026 results
ADP
Earnings
Guidance Update
  • Revenues rose 6% year-over-year to $5.4 billion (5% organic constant currency).
  • Net earnings and adjusted net earnings each increased 10% to $1.1 billion, while diluted EPS and adjusted diluted EPS climbed 11% to $2.62.
  • Adjusted EBIT grew 10% to $1.4 billion, and the adjusted EBIT margin expanded by 80 bps to 26.0%.
  • ADP raised its fiscal 2026 guidance to approximately 6% revenue growth and 9–10% adjusted diluted EPS growth.
Jan 28, 2026, 11:55 AM
ADP authorizes $6 billion share buyback program
ADP
Share Buyback
  • On Jan. 14, 2026, ADP’s Board authorized the repurchase of $6 billion of its common stock.
  • This authorization fully replaces the prior $5 billion share buyback program established in 2022.
  • As of December 31, 2025, ADP had approximately 403 million common shares outstanding.
Jan 14, 2026, 9:35 PM
ADP reports December private sector job growth and pay gains
ADP
Hiring
  • ADP’s National Employment Report shows U.S. private-sector employment rose by 41,000 jobs in December, with service-providing firms adding 44,000 jobs while goods-producing firms lost 3,000.
  • Within service-providing sectors, education and health services led hiring with 39,000 jobs added, followed by leisure and hospitality with 24,000, while professional and business services shed 29,000 jobs.
  • Year-over-year pay growth for job-stayers held steady at 4.4%, and pay for job-changers accelerated to 6.6% in December.
Jan 7, 2026, 1:15 PM

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