ADP reported a strong fiscal 2025 with significant achievements in revenue growth, retention rates, and product innovation. However, challenges remain in meeting new business bookings expectations and navigating a moderating macroeconomic environment. The outlook for fiscal 2026 remains positive, with continued strategic investments and growth initiatives.

Company Guidance -

Q1 2026

During ADP's Fourth Quarter Fiscal 2025 earnings call, the company reported an 8% increase in revenue, a 40 basis point expansion in adjusted EBIT margin, and an 8% growth in adjusted EPS for the quarter. For the full fiscal year, ADP achieved 7% revenue growth, a 50 basis point improvement in adjusted EBIT margin, and a 9% rise in adjusted EPS. Employer Services new business bookings reached approximately $2.1 billion, reflecting a 3% growth, despite being below expectations due to a softer finish in HR Outsourcing and international bookings. Employer Services retention exceeded expectations, increasing by 10 basis points to 92.1%. The PEO segment saw a 7% revenue growth, with average worksite employees growing by 3%. For fiscal 2026, ADP anticipates 5% to 6% growth in consolidated revenue and 50 to 70 basis points of adjusted EBIT margin expansion, with an expected adjusted EPS growth of 8% to 10%. The company plans to continue investing in strategic priorities, including its AI initiatives and the integration of recent acquisitions like WorkForce Software.

Strong Fourth Quarter Performance

ADP closed fiscal 2025 with 8% revenue growth, 40 basis points of adjusted EBIT margin expansion, and 8% adjusted EPS growth.

Record Employer Services Retention

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

PEO New Business Bookings Acceleration

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

Successful Product Launches and AI Integration

ADP Lyric HCM clients increased by over 50% in fiscal 2025. AI tools like ADP Assist have been integrated, enhancing productivity and client engagement.

Fiscal 2026 Positive Outlook

ADP expects fiscal 2026 revenue growth of 5% to 6% and adjusted EPS growth of 8% to 10%, supported by continuous investments and strategic initiatives.

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)	2.46 / -	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.