Automatic Data Processing, Inc. (ADP) SEC Filings & Earnings Calls
EquiReason read 11 Automatic Data Processing, Inc. SEC filings in the last 12 months. Latest: DEF 14A on 2026-09-24 — Proxy statement disclosing executive compensation structure and FY2026 performance results..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 120.8B
- P/E TTM
- 27.8
- Dividend yield
- 2.2%
- 52-week
- —
- Next earnings
- 28 Oct, in 4 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
24 Sep 2026DEF 14AProxy statement disclosing executive compensation structure and FY2026 performance results.open
Figures in the filing · each found in the filing text
| Revenue · FY2026 | $21.90B | |
| Diluted EPS · FY2026 | $10.94 | +10% y/y |
| Employer Services New Business Bookings · Employer Services · FY2026 | $2.20B | +6% y/y |
| Worldwide New Business Bookings Growth · FY2026 | 5.6% | |
| Employer Services Client Retention · Employer Services · FY2026 | 92.1% | |
| Cash Returned to Stockholders · FY2026 | $4.70B | |
| Dividends Paid · FY2026 | $2.60B | |
| Share Repurchases · FY2026 | $2.10B | |
| Revenue Growth · FY2026 | 6.7% | |
| Adjusted EBIT Growth · FY2026 | 10.2% |
5 Aug 202610-KADP reported fiscal 2026 results with 7% revenue growth, margin expansion, and strong cash generation.earningsopen
Figures in the filing · each found in the filing text
| Revenue · FY2026 | $21.95B | +7% y/y |
| Organic Constant Currency Revenue Growth · FY2026 | 6.0% | |
| Net Income · FY2026 | $4.41B | +8% y/y |
| Diluted EPS · FY2026 | $10.94 | +10% y/y |
| Adjusted Diluted EPS · FY2026 | $11.12 | +11% y/y |
| EBIT Margin · FY2026 | 26.1% | |
| Adjusted EBIT Margin · FY2026 | 26.8% | |
| Employer Services Revenue · Employer Services · FY2026 | $14.83B | +7% y/y |
| PEO Services Revenue · PEO Services · FY2026 | $7.13B | +7% y/y |
| Employer Services Margin · Employer Services · FY2026 | 36.7% |
Guidance
Capex guided $200M-$225M for FY2027
Management provided capex guidance for FY2027 and expressed confidence in the business model and strategic priorities.
Risks flagged
PEO Margin Pressure
“PEO Services' margin decreased in fiscal 2026 due to increased selling and marketing expenses, zero-margin benefit pass through costs, an increase in the pre-tax loss from ADP Indemnity, and operating costs related to state unemployment insurance” · word for word
Interest Rate Sensitivity
“A hypothetical change in both short-term interest rates and intermediate-term interest rates of 25 basis points applied to the estimated average investment balances and any related short-term borrowings would result in approximately an $21.0 million impact to earnings before income taxes over the ensuing twelve-month period ending June 30, 2027.”
Regulatory Compliance Cost
“Our business is subject to a wide range of complex U.S. and foreign laws and regulations.” · word for word
29 Jul 20268-K · 2.02ADP reports FY2026 revenue +7% to $21.9B, adj. EBIT margin +80bps to 26.8%, adj. EPS +11% to $11.12; FY2027 guidance: revenue +5-6%, margin +70-90bps, adj. EPS +9-11%.earningsopen
Figures in the filing · each found in the filing text
| Revenue · FY2026 | $21.90B | +7% y/y |
| Adjusted EBIT · FY2026 | $5.90B | +10% y/y |
| Adjusted EBIT Margin · FY2026 | 26.8% | |
| Adjusted Diluted EPS · FY2026 | $11.12 | +11% y/y |
| Diluted EPS · FY2026 | $10.94 | +10% y/y |
| Net Earnings · FY2026 | $4.40B | +8% y/y |
| Employer Services New Business Bookings · Employer Services · FY2026 | $2.20B | +6% y/y |
| Employer Services Client Revenue Retention · Employer Services · FY2026 | 92.1% | |
| Interest on Funds Held for Clients · FY2026 | $1.40B | +14% y/y |
| Average Client Funds Balances · FY2026 | $40.40B | +7% y/y |
Guidance
FY2027 revenue growth 5-6%; adjusted EBIT margin expansion 70-90 bps; adjusted diluted EPS growth 9-11%
ADP provided FY2027 guidance with revenue growth 5-6%, margin expansion 70-90 bps, and EPS growth 9-11%, indicating confidence in continued demand and operational leverage.
Risks flagged
PEO segment margin declined 110 bps for the fiscal year, indicating cost pressure or mix shift.
“PEO Services segment margin decreased 100 basis points for the fourth quarter and decreased 110 basis points for the fiscal year.” · word for word
26 Jun 20268-K · 1.01, 2.03ADP entered into a $5.7B 364-day credit facility and a $3.5B five-year credit facility, replacing prior facilities. The five-year facility includes an accordion feature to increase commitments by $500M. Borrowings for general corporate purpopen
Risks flagged
No material risk; replacement of existing facilities with similar terms.
“Terms substantially similar to prior facilities; no new debt incurred.”
7 May 20268-K · 1.01, 8.01ADP issued $1B of 5.000% senior notes due 2036 via underwritten public offering; routine investment-grade refinancing/capital management.open
Figures in the filing · each found in the filing text
| Aggregate principal amount of senior notes · Q3-2026 | $1.00B |
Risks flagged
Increased debt level; interest expense will rise, but manageable given ADP's strong cash flow.
“$1B in new debt at 5.000% coupon; no immediate liquidity concern.”
30 Apr 202610-QRevenue $16.47B (+7% y/y); EBIT Margin 27.1; Adjusted EBIT Margin 27.3; Guidance: Capital expenditures expected between $160M and $180M for fiscal 2026open
Figures in the filing · each found in the filing text
| Revenue · 9M FY2026 | $16.47B | +7% y/y |
| EBIT Margin · 9M FY2026 | 27.1% | |
| Adjusted EBIT Margin · 9M FY2026 | 27.3% | |
| Diluted EPS · 9M FY2026 | $8.49 | +10% y/y |
| Net Income · 9M FY2026 | $3.43B | +8% y/y |
| Operating Cash Flow · 9M FY2026 | $4.01B |
Guidance
Capital expenditures expected between $160M and $180M for fiscal 2026
No explicit revenue/EPS guidance, but capex guidance reaffirmed; margin expansion and strong cash flow indicate confidence.
Risks flagged
PEO Margin Pressure
“PEO Services' margin decreased for the three months ended March 31, 2026, due to increased selling and marketing expenses, increased operating costs related to state unemployment insurance, a decrease in the pre-tax benefit from ADP Indemnity, and increases in zero-margin benefits pass-through costs.” · word for word
29 Apr 20268-K · 2.02Revenue $5.90B (+7% y/y); Net earnings $1.40B (+9% y/y); Adjusted EBIT $1.80B (+10% y/y); Guidance: Raising full year guidance for revenue, adjusted EBIT Margin, and adjusted diluted EPS growthearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $5.90B | +7% y/y |
| Net earnings · Q3-2026 | $1.40B | +9% y/y |
| Adjusted EBIT · Q3-2026 | $1.80B | +10% y/y |
| Adjusted EBIT margin · Q3-2026 | 30.2% | |
| Diluted EPS · Q3-2026 | $3.38 | +10% y/y |
| Adjusted diluted EPS · Q3-2026 | $3.37 | +10% y/y |
| Employer Services revenue growth · Employer Services · Q3-2026 | 7.0% | |
| PEO Services revenue growth · PEO Services · Q3-2026 | 7.0% | |
| Average worksite employees (PEO) · PEO Services · Q3-2026 | 762,000 | +2% y/y |
| U.S. pays per control growth · Employer Services · Q3-2026 | 1.0% |
Guidance
Raising full year guidance for revenue, adjusted EBIT Margin, and adjusted diluted EPS growth
Raising full year guidance for revenue, adjusted EBIT Margin, and adjusted diluted EPS growth.
29 Jan 202610-QRevenue $10.53B (+7% y/y); Net Income $2.08B (+8% y/y); EPS Diluted $5.12 (+9% y/y); Guidance: capital expenditures in fiscal 2026 to be between $225.0 million and $250.0 millionopen
Figures in the filing · each found in the filing text
| Revenue · H1-2026 | $10.53B | +7% y/y |
| Net Income · H1-2026 | $2.08B | +8% y/y |
| EPS Diluted · H1-2026 | $5.12 | +9% y/y |
| EBIT Margin · H1-2026 | 25.5% | |
| Operating Cash Flow · H1-2026 | $1.78B | |
| Pays per Control · Employer Services · H1-2026 | 1.0% | |
| PEO Average Worksite Employees · PEO Services · H1-2026 | 2.0% |
Guidance
capital expenditures in fiscal 2026 to be between $225.0 million and $250.0 million
ADP reaffirmed strong performance with margin expansion and increased capex guidance.
Risks flagged
PEO Margin Pressure
“PEO Services' margin decreased for the three months ended December 31, 2025, due to increased selling and marketing expenses and zero-margin benefits pass-through costs” · word for word
Interest Rate Sensitivity
“A hypothetical change in both short-term interest rates ... of 25 basis points ... would result in approximately a $23 million impact to earnings before income taxes over the ensuing twelve-month period”
28 Jan 20268-K · 2.02Revenue $5.40B (+6% y/y); adjusted diluted EPS $2.62 (+11% y/y); adjusted EBIT margin 26; Guidance: Revenue growth ~6%; adjusted diluted EPS growth 9-10%earningsopen
Figures in the filing · each found in the filing text
| revenue · Q2-2026 | $5.40B | +6% y/y |
| adjusted diluted EPS · Q2-2026 | $2.62 | +11% y/y |
| adjusted EBIT margin · Q2-2026 | 26.0% | |
| Employer Services revenue growth · Employer Services · Q2-2026 | 6.0% | |
| PEO Services revenue growth · PEO Services · Q2-2026 | 6.0% | |
| interest on funds held for clients · Q2-2026 | $309M | +13% y/y |
| average client funds balances · Q2-2026 | $37.60B | +6% y/y |
| average interest yield on client funds · Q2-2026 | 3.3% | |
| U.S. pays per control growth · Employer Services · Q2-2026 | 1.0% | |
| average worksite employees paid by PEO · PEO Services · Q2-2026 | 758,000 | +2% y/y |
Guidance
Revenue growth ~6%; adjusted diluted EPS growth 9-10%
ADP raised full-year guidance for revenue and adjusted diluted EPS growth, reflecting strong Q2 performance and confidence in sustained demand.
31 Oct 202510-QRevenue $5.18B (+7% y/y); Diluted EPS $2.49 (+6% y/y); EBIT Margin 25.3; Guidance: Capex guidance FY2026 $225M-$250Mopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $5.18B | +7% y/y |
| Diluted EPS · Q1-2026 | $2.49 | +6% y/y |
| EBIT Margin · Q1-2026 | 25.3% | |
| Adjusted EBIT Margin · Q1-2026 | 25.5% | |
| Operating Cash Flow · Q1-2026 | $642M | -22% y/y |
| PEO Average Worksite Employees · PEO · Q1-2026 | 2.0% | |
| Interest on Funds Held for Clients · Q1-2026 | $287M | +13% y/y |
| Average Client Funds Balances · Q1-2026 | $34.90B | +7% y/y |
| Capital Expenditures · Q1-2026 | $45M | -19% y/y |
Guidance
Capex guidance FY2026 $225M-$250M
No explicit revenue or EPS guidance provided; capex guidance indicates increased investment.
Risks flagged
Margin compression from investment spending
“EBIT Margin decreased for the three months ended September 30, 2025, due to increased selling and marketing expenses and costs of servicing and implementing our clients on growing revenue” · word for word
Interest rate sensitivity on client funds
“A hypothetical change in both short-term interest rates and intermediate-term interest rates of 25 basis points... would result in approximately an $22 million impact to earnings before income taxes”
29 Oct 20258-K · 2.02Revenue $5.20B (+7% y/y); Net earnings $1.00B (+6% y/y); Adjusted EBIT $1.30B (+7% y/y); Guidance: Revenue growth 5-6%, adj. EBIT margin +50-70bps, adj. EPS growth 8-10%earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $5.20B | +7% y/y |
| Net earnings · Q1-2026 | $1.00B | +6% y/y |
| Adjusted EBIT · Q1-2026 | $1.30B | +7% y/y |
| Adjusted diluted EPS · Q1-2026 | $2.49 | +7% y/y |
| Interest on funds held for clients · Q1-2026 | $287M | +13% y/y |
| Average client funds balances · Q1-2026 | $34.90B | +7% y/y |
| Average interest yield on client funds · Q1-2026 | 3.3% | |
| Employer Services revenue growth · Employer Services · Q1-2026 | 7.0% | |
| PEO Services revenue growth · PEO Services · Q1-2026 | 7.0% | |
| Average worksite employees paid by PEO Services · PEO Services · Q1-2026 | 754,000 | +2% y/y |
Guidance
Revenue growth 5-6%, adj. EBIT margin +50-70bps, adj. EPS growth 8-10%
FY2026 guidance reaffirmed with confidence; Q1 results exceeded expectations.
Risks flagged
Segment margin contraction in both Employer Services and PEO Services could indicate cost pressures or mix shift.
“Employer Services segment margin decreased 50 basis points; PEO Services segment margin decreased 140 basis points.” · word for word
Client revenue retention expected to decrease 10-30bps, signaling potential competitive pressure.
“Employer Services client revenue retention decrease of 10 to 30 basis points.” · word for word
Automatic Data Processing, Inc. — questions
- What did Automatic Data Processing, Inc. file recently?
- 11 SEC filings in the last 12 months. Latest: DEF 14A on 2026-09-24 — Proxy statement disclosing executive compensation structure and FY2026 performance results.
Every figure on this page comes from Automatic Data Processing, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.