Earnings summaries and quarterly performance for AUTOMATIC DATA PROCESSING.
Executive leadership at AUTOMATIC DATA PROCESSING.
Maria Black
President and Chief Executive Officer
Brian Michaud
Executive Vice President, Smart Compliance Solutions & Human Resources Outsourcing
Joseph DeSilva
Executive Vice President, North America and Chief of Operations
Michael A. Bonarti
Chief Administrative Officer
Peter J. Hadley
Chief Financial Officer
Sreeni Kutam
President, Global Product & Innovation
Board of directors at AUTOMATIC DATA PROCESSING.
Carlos A. Rodriguez
Director
David V. Goeckeler
Director
Francine S. Katsoudas
Director
Karen S. Lynch
Director
Linnie M. Haynesworth
Director
Nazzic S. Keene
Director
Peter Bisson
Director
Robert H. Swan
Director
Sandra S. Wijnberg
Director
Scott F. Powers
Director
Thomas J. Lynch
Non-Executive Chair of the Board
Research analysts who have asked questions during AUTOMATIC DATA PROCESSING earnings calls.
Dan Dolev
Mizuho Financial Group
8 questions for ADP
Kartik Mehta
Northcoast Research
8 questions for ADP
Mark Marcon
Baird
8 questions for ADP
Tien-tsin Huang
JPMorgan Chase & Co.
8 questions for ADP
Bryan Bergin
TD Cowen
6 questions for ADP
Ramsey El-Assal
Barclays
6 questions for ADP
Samad Samana
Jefferies
6 questions for ADP
Daniel Jester
BMO Capital Markets
5 questions for ADP
James Faucette
Morgan Stanley
5 questions for ADP
Kevin McVeigh
Credit Suisse Group AG
5 questions for ADP
Scott Wurtzel
Wolfe Research
5 questions for ADP
Ashish Sabadra
RBC Capital Markets
4 questions for ADP
Bryan Keane
Deutsche Bank
4 questions for ADP
Jason Kupferberg
Bank of America
3 questions for ADP
Zachary Gunn
Financial Technology Partners
3 questions for ADP
David Paige
RBC Capital Markets
2 questions for ADP
Peter Christiansen
Citigroup Inc.
2 questions for ADP
Caroline Latta
Bank of America
1 question for ADP
David Paige Papadogonas
RBC Capital Markets
1 question for ADP
Jared Levine
TD Cowen
1 question for ADP
Kathy Chan
Wells Fargo Securities
1 question for ADP
Michael Infante
Morgan Stanley
1 question for ADP
Zachary Ajzenman
TD Cowen
1 question for ADP
Recent press releases and 8-K filings for ADP.
- 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%.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
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