ADP reported strong financial performance with significant achievements such as a 50th consecutive year of dividend increase, notable growth in new business bookings, and strategic partnerships. However, there were challenges such as slight declines in retention and pressures on PEO margins. The outlook remains optimistic despite some anticipated headwinds in the next quarter.

Company Guidance

During ADP's second quarter fiscal 2025 earnings call, the company reported notable financial metrics, including 8% revenue growth, a 60 basis point expansion in adjusted EBIT margin, and a 10% increase in adjusted EPS. The Employer Services (ES) segment saw record volumes in new business bookings, with robust growth across HR outsourcing and small-business offerings. However, ES retention slightly declined, though it exceeded expectations. Pays per control in ES increased by 1%, a deceleration from 2% in Q1, while PEO revenue grew by 8%, driven by strong new business bookings. ADP maintained its full-year guidance, anticipating 6% to 7% consolidated revenue growth, adjusted EBIT margin expansion of 30 to 50 basis points, and adjusted EPS growth of 7% to 9%. Additionally, a strategic partnership with Fiserv aims to enhance small-business solutions, and the integration of WorkForce Software is progressing as expected.

50th Consecutive Year of Dividend Increase

ADP's Board of Directors approved a 10% increase to the quarterly dividend, marking the 50th consecutive year of dividend increases, placing ADP among an elite group of dividend kings.

Strong Financial Performance

ADP reported 8% revenue growth, 60 basis points of adjusted EBIT margin expansion, and 10% adjusted EPS growth for the second quarter.

Record Employer Services New Business Bookings

ADP achieved record volumes for fiscal second quarter in Employer Services new business bookings, with strong growth across HR outsourcing, compliance, and enterprise businesses.

Strategic Partnership with Fiserv

ADP announced a partnership with Fiserv, integrating Fiserv's small-business solutions with ADP's Run platform, offering an all-in-one solution for small businesses.

Successful Integration of WorkForce Software

The acquisition of WorkForce Software is progressing well. ADP is integrating WorkForce's tools with ADP HCM platforms, leading to new business opportunities.

Continued Growth in ADP Lyric

ADP Lyric, the new HCM platform, showed strong interest and increased new business booking volumes. The pipeline for Lyric is significantly up compared to last year.

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ADP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q3)	2.97 / -	2.88	―	―	―
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)
Apr 26, 2023	2023 (Q3)	2.46 / 2.52	2.21	14.03% (+0.31)
Jan 25, 2023	2023 (Q2)	1.93 / 1.96	1.65	18.79% (+0.31)

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

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ADP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2025	$298.31	$300.57	+0.76%
Oct 30, 2024	$286.46	$291.27	+1.68%
Jul 31, 2024	$255.12	$259.95	+1.89%
May 01, 2024	$238.06	$243.41	+2.25%

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.

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