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Automatic Data Processing (ADP)
NASDAQ:ADP
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Earnings Data
Report Date
Jan 29, 2025Before Open Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$2.3Last Year’s EPS
$2.13Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 2.64%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with significant revenue growth and strategic advancements, such as the acquisition of WorkForce Software and the launch of ADP Lyric. However, there are concerns about slight retention declines and margin pressure from recent acquisitions.Company Guidance
In ADP's Q1 2025 earnings call, the company reported a 7% revenue growth, 130 basis points of adjusted EBIT margin expansion, and a 12% increase in adjusted EPS. Employer Services new business bookings reached record volumes, with a slight decline in retention rate but an all-time high client satisfaction score for a first quarter. Employer Services pays per control grew by 2%, while PEO revenue and average worksite employee growth exceeded expectations at 7% and 3% respectively. The company's fiscal 2025 outlook anticipates 6% to 7% consolidated revenue growth and 7% to 9% adjusted EPS growth, factoring in its recent acquisition of WorkForce Software and the issuance of $1 billion in 10-year notes.Strong Financial Performance
7% revenue growth, 130 basis points of adjusted EBIT margin expansion, and 12% adjusted EPS growth for Q1 2025.
Record Employer Services New Business Bookings
Achieved record volume for a first quarter in Employer Services new business bookings.
High Client Satisfaction and Retention
Employer Services retention rate exceeded expectations, and client satisfaction score reached a new all-time high for a first quarter.
WorkForce Software Acquisition
Acquired WorkForce Software to expand workforce management solutions for large global enterprises.
Introduction of ADP Lyric
Launched ADP Lyric, a flexible, intelligent, and human-centric global HCM platform, receiving strong interest.
Generative AI Integration
Expanded access to AI-based service tools, improving client experience and productivity.
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ADP Earnings History
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
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ADP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $286.46 | $291.27 | +1.68% |
| Jul 31, 2024 | $255.12 | $259.95 | +1.89% |
| May 01, 2024 | $238.06 | $243.41 | +2.25% |
| Jan 31, 2024 | $233.46 | $240.50 | +3.02% |
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.
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FAQ
When does Automatic Data Processing (ADP) report earnings?
Automatic Data Processing (ADP) is schdueled to report earning on Jan 29, 2025, Before Open Not Confirmed.
What is Automatic Data Processing (ADP) earnings time?
Automatic Data Processing (ADP) earnings time is at Jan 29, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ADP EPS forecast?
ADP EPS forecast for the fiscal quarter 2025 (Q2) is $2.3.
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