ADP Forecasts 10%-12% Adjusted EPS Growth for Fiscal 2027 and Raises Client Funds Interest Outlook
Automatic Data Processing (ADP) reported strong first-quarter fiscal 2027 results, characterized by revenue growth, expanded adjusted EBIT margins, and adjusted earnings per share (EPS) that exceeded management's expectations. CEO Maria Black highlighted the company's robust performance across key financial metrics during the quarterly update. Looking ahead, ADP provided optimistic guidance for fiscal 2027, forecasting adjusted EPS growth in the range of 10% to 12%. Additionally, the company raised its outlook for interest income from client funds to a new range of $1.59 billion to $1.61 billion, reflecting favorable shifts in its financial environment.
Tickers: $ADP
Topics: earnings report EPS growth profitability revenue growth
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