Automatic Data Processing Reports Strong Q4 Results with EPS and Revenue Beats
Automatic Data Processing (ADP) reported better-than-expected financial results for the fourth quarter, driven by strong revenue growth. The company's Non-GAAP earnings per share came in at $2.64, surpassing estimates by $0.04. Additionally, ADP generated revenue of $5.48 billion, a 6.8% year-over-year increase and exceeding expectations by $40 million. Looking ahead, the company provided an outlook for fiscal 2027 with projected revenue growth between 5% to 6%, slightly below its previous estimated annualized rate of 6.16%. ADP also mentioned plans to maintain or improve on adjusted EBIT margins as part of its strategic focus. The results reflect solid performance in a competitive market, potentially boosting investor confidence and signaling continued strength in the payroll services sector.
Tickers: $ADP
Topics: Earnings Financial Outlook Revenue Growth