ADP Reports Strong Q1 2027 Results with Raised Full-Year Guidance
Automatic Data Processing (ADP) reported robust first-quarter fiscal 2027 results, characterized by a 6% year-over-year revenue increase to $5.5 billion and a 13% jump in adjusted diluted EPS to $2.82. Growth was fueled by strong performance across both Employer Services and PEO Services segments, alongside significant interest income from client funds balances. The company's strategic pivot toward AI integration is showing tangible results, with the 'ADP Assist' generative AI tool seeing broad adoption and operational efficiencies noted through a reduction in service contacts. Driven by this momentum, ADP raised its full-year revenue and EPS guidance, while also increasing its outlook for client funds interest income.
Tickers: $ADP
Topics: AI Adoption Employer Services EPS Increase PEO Services Revenue Growth