ADP delivered strong financial performance and high retention rates, along with strategic advancements in technology and acquisitions. However, there were challenges in meeting new business bookings expectations and PEO margin contraction. The outlook for fiscal 2026 anticipates continued growth but with a cautious approach due to macroeconomic uncertainties.

Company Guidance

During ADP's Fourth Quarter Fiscal 2025 earnings call, Maria Black, President and CEO, highlighted key metrics, including an 8% revenue growth and a 40 basis points increase in adjusted EBIT margin for the quarter, alongside an 8% rise in adjusted EPS. For the full fiscal year, ADP achieved 7% revenue growth, a 50 basis points expansion in adjusted EBIT margin, and a 9% increase in adjusted EPS. Employer Services new business bookings grew by 3% to approximately $2.1 billion, despite a difficult macroeconomic environment. Employer Services retention reached a notable 92.1%, with client satisfaction scores hitting record highs. The PEO segment saw a 7% revenue growth, supported by a 3% increase in average worksite employees. Looking ahead to fiscal 2026, ADP anticipates consolidated revenue growth between 5% and 6% and adjusted EBIT margin expansion of 50 to 70 basis points, while continuing to invest in strategic priorities like AI and global offerings.

Strong Financial Performance

ADP reported a strong fourth quarter with 8% revenue growth, 40 basis points of adjusted EBIT margin expansion, and 8% adjusted EPS growth. The full year results included 7% revenue growth, 50 basis points of adjusted EBIT margin expansion, and 9% adjusted EPS growth.

High Employer Services Retention

Employer Services retention exceeded expectations, increasing 10 basis points to 92.1% for the year, approaching a record-high of 92.2%.

Growth in PEO New Business Bookings

PEO new business bookings growth accelerated in the fourth quarter and for the full year, contributing to fiscal 2025 PEO revenue growth of 7% at the high end of expectations.

Innovation and AI Integration

ADP Lyric HCM client sales increased by more than 50% in fiscal '25. ADP continued the rollout of ADP Assist, integrating AI-driven capabilities into products with millions of client interactions.

Strategic Acquisitions

ADP enhanced its global payroll capabilities by acquiring PEI in Mexico and WorkForce Software, which enhanced capabilities in the time and attendance space.

Automatic Data Processing (ADP) Earnings, Revenues Date & History

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ADP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2026 (Q1)	2.44 / -	2.33	―	―	―
Jul 30, 2025	2025 (Q4)	2.23 / 2.26	2.09	8.13% (+0.17)
Apr 30, 2025	2025 (Q3)	2.97 / 3.06	2.88	6.25% (+0.18)
Jan 29, 2025	2025 (Q2)	2.29 / 2.35	2.13	10.33% (+0.22)
Oct 30, 2024	2025 (Q1)	2.21 / 2.33	2.08	12.02% (+0.25)
Jul 31, 2024	2024 (Q4)	2.06 / 2.09	1.89	10.58% (+0.20)
May 01, 2024	2024 (Q3)	2.79 / 2.88	2.52	14.29% (+0.36)
Jan 31, 2024	2024 (Q2)	2.10 / 2.13	1.96	8.67% (+0.17)
Oct 25, 2023	2024 (Q1)	2.02 / 2.08	1.86	11.83% (+0.22)
Jul 26, 2023	2023 (Q4)	1.83 / 1.89	1.5	26.00% (+0.39)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ADP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$308.64	$310.94	+0.75%
Apr 30, 2025	$294.30	$299.10	+1.63%
Jan 29, 2025	$295.25	$297.49	+0.76%
Oct 30, 2024	$283.53	$288.29	+1.68%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.