Jun 2026 (Q4 FY26) — Jul 29, 2026
Automatic Data Processing, Inc. Q4 FY26 — Strong Bookings and Margin Expansion Driven by AI Adoption
Read the full callAutomatic Data Processing (ADP) earnings
- Jun 2026
- Jun 2026 (Q4 FY26)
- Jun 2026
Automatic Data Processing earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5,474 | +6.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 979 | +7.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
27 of 38 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBIT margin expansion | 50 to 70 basis points | Jun 2025 | These results capped a fiscal year performance at the high end of our updated guidance ranges from last quarter, with 7% revenue growth, 80 basis points of adjusted EBIT margin expansion and 11% adjusted EPS growth. | Achieved |
| Adjusted EBIT margin cadence | Contraction in Q1, ramp over remainder of year | Jun 2025 | Ghosted | |
| Consolidated revenue growth | 5% to 6% | Jun 2025 | we are increasing our fiscal 2026 consolidated revenue growth outlook to 6% to 7% | Revised Up |
11 of AUTOMATIC DATA PROCESSING INC's 63 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 60 more targets are in the full ledger.
Claimed
- Q4 revenue grew 7%, capping a fiscal year that exceeded initial expectations.
- Adjusted EBIT margin expanded 140 basis points in Q4, contributing to 80 basis points expansion for the full fiscal year.
- Adjusted EPS grew 17% in Q4 and 11% for the full fiscal year.
- Employer Services new business bookings grew 6% over the prior year to over $2.2 billion in FY26.
- Employer Services retention remained strong at 92.1% for FY26, with client satisfaction reaching a new record high.
Qualified
- PEO margins contracted 100 basis points in Q4 and 110 basis points for FY26, mainly due to faster growth in zero-margin pass-through revenues and higher workers' compensation and selling expenses.
- Employer Services retention is forecast to decline 10 to 30 basis points in FY27 from near record levels, anticipating potential increases in out-of-business rates.
- FX is expected to be a slight headwind to revenue growth in fiscal 2027, after providing a 1-point tailwind in fiscal 2026.
Price
$287.03 −0.65% · −$1.87
Performance +2.0% 1Y
1Y: $281.27 on 17 Oct 2025 → $287.03. High $288.9 (16 Oct 2026), low $188.79 (10 Apr 2026).
- Previous close
- $288.9
- 52-week range
- $188.79 – $288.9
- One year
- +1.41%
Overview
- Symbol
- ADP
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
27 of 38 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBIT margin expansion | 50 to 70 basis points | Jun 2025 | These results capped a fiscal year performance at the high end of our updated guidance ranges from last quarter, with 7% revenue growth, 80 basis points of adjusted EBIT margin expansion and 11% adjusted EPS growth. | Achieved |
| Adjusted EBIT margin cadence | Contraction in Q1, ramp over remainder of year | Jun 2025 | Ghosted | |
| Consolidated revenue growth | 5% to 6% | Jun 2025 | we are increasing our fiscal 2026 consolidated revenue growth outlook to 6% to 7% | Revised Up |
Claimed
- Q4 revenue grew 7%, capping a fiscal year that exceeded initial expectations.
- Adjusted EBIT margin expanded 140 basis points in Q4, contributing to 80 basis points expansion for the full fiscal year.
- Adjusted EPS grew 17% in Q4 and 11% for the full fiscal year.
- Employer Services new business bookings grew 6% over the prior year to over $2.2 billion in FY26.
- Employer Services retention remained strong at 92.1% for FY26, with client satisfaction reaching a new record high.
Qualified
- PEO margins contracted 100 basis points in Q4 and 110 basis points for FY26, mainly due to faster growth in zero-margin pass-through revenues and higher workers' compensation and selling expenses.
- Employer Services retention is forecast to decline 10 to 30 basis points in FY27 from near record levels, anticipating potential increases in out-of-business rates.
- FX is expected to be a slight headwind to revenue growth in fiscal 2027, after providing a 1-point tailwind in fiscal 2026.
The full ledger
Open AUTOMATIC DATA PROCESSING INC’s full ledger
A free account opens 5 company ledgers a month. All 63 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q3 FY26) — Apr 29, 2026
Automatic Data Processing Q3 FY26 — Beat-and-raise as AI-driven productivity lifts revenue, margin and EPS
Read the full callMar 2025 (Q3 FY25) — Apr 30, 2025
Automatic Data Processing, Inc. Q3 FY25 — Solid Results Driven by Strong Retention and Client Funds Performance
Read the full callEvery analysed call
Automatic Data Processing earnings calls (ADP)
Financials
What the filings say
Net profit, year on year: +7% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,833 | 5,048 | 5,553 | 5,127 | 5,175 | 5,359 | 5,939 | 5,474 |
| Expenses | 3,698 | 3,878 | 3,995 | 4,034 | 3,978 | 4,082 | 4,232 | 4,336 |
| Other income | 102 | 91 | 64 | 98 | 110 | 106 | 75 | 120 |
| Interest | 138 | 130 | 75 | 114 | 135 | 124 | 79 | 121 |
| Profit before tax | 1,236 | 1,261 | 1,622 | 1,191 | 1,308 | 1,383 | 1,782 | 1,258 |
| Tax rate | 22.6% | 23.6% | 23.0% | 23.5% | 22.5% | 23.2% | 23.7% | 22.2% |
| Net profit | 956 | 963 | 1,250 | 911 | 1,013 | 1,062 | 1,360 | 979 |
| EPS ($ per share) | 2.34 | 2.36 | 3.07 | — | 2.50 | 2.63 | 3.39 | — |
| Line item | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
| Reserves | 17,501 | 18,436 | 19,451 | 20,696 | 22,118 | 23,622 | 25,241 | 26,967 |
| Total liabilities | 36,488 | 33,413 | 43,102 | 59,843 | 47,462 | 49,815 | 47,181 | 57,162 |
| Fixed assets | 764 | 704 | 685 | 653 | 681 | 686 | 655 | 641 |
| Investments | 11 | 0 | 10 | 47 | 15 | 384 | 4,499 | 0 |
| Total assets | 41,888 | 39,166 | 48,773 | 63,068 | 50,971 | 54,363 | 53,369 | 63,193 |
| Line item | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,688 | 3,026 | 3,093 | 3,100 | 4,208 | 4,158 | 4,940 | 5,441 |
| Cash from investing | -2,198 | 3,156 | -3,515 | -7,014 | -2,517 | -1,389 | -3,035 | -4,714 |
| Cash from financing | -208 | -5,891 | 6,438 | 13,653 | -15,681 | -1,432 | -6,973 | 4,881 |
| Net cash flow | 254 | 257 | 6,090 | 9,640 | -14,011 | 1,315 | -5,031 | 5,571 |
| Capital expenditure | -162 | -173 | -179 | -174 | -206 | -208 | -169 | -197 |
| Free cash flow | 2,526 | 2,854 | 2,915 | 2,925 | 4,001 | 3,949 | 4,771 | 5,245 |
ADP revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Employer Services | 67% | 67% | 68% | 68% | 67% | 67% | 68% | 68% | +6.7% |
| Professional Employee Organization Services | 33% | 33% | 32% | 32% | 33% | 33% | 32% | 33% | +6.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ADP operating KPIs by quarter
| KPI | Mar 2026 Q3 FY26 | Jun 2026 Q4 FY26 | Change vs prior quarter |
|---|---|---|---|
| Employees | 67KADP supports clients across [ 130 ] countries and 67,000 ADP associates deliver compliant HCM solutions, local expertise and trusted relationships to more than 1.1 million clients every day.Source: earnings call transcript | 67KAnd so we have this in droves across ADP's 67,000 employees, the deep domain expertise that we have and process intelligence and HCM is unparalleled.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
111 filings between Nov 12, 2025 and Sep 9, 2026.
Open market
decisions to buy or sellPurchases
$745.7K
1 purchase by 1 insider
Sales
$13.84M
38 sales by 6 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 39
- Award — granted as compensation
- 4
- Option exercise — converted options into shares
- 22
- Tax withheld — shares kept back by the company to cover tax
Also filed: 6 I filings, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Black Maria | — | $8.56M | Sep 2, 2026 |
| DeSilva Joseph | — | $2.02M | Sep 3, 2026 |
| Kwon David | — | $1.31M | Aug 20, 2026 |
| D'Ambrosio Christopher | — | $1.01M | Sep 2, 2026 |
| SWAN ROBERT HOLMES | $745.7K | — | May 7, 2026 |
| Foskett David | — | $495.7K | Sep 2, 2026 |
| Michaud Brian L. | — | $447.6K | Aug 21, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 9, 2026 | Sugla Vishwas Chief Strategy Officer | Award | 2,073 | $0 |
| Sep 9, 2026 | Sugla Vishwas Chief Strategy Officer | Award | 2,827 | $0 |
| Sep 3, 2026 | DeSilva Joseph Executive VP | Sale 10b5-1 plan | 631 | $178.5K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 1,483 | $416.9K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 1,018 | $286.7K |
| Sep 2, 2026 | Foskett David Corp. VP | Sale 10b5-1 plan | 1,529 | $432.7K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 10,591 | $2.97M |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 1,018 | $285.6K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 786 | $220.3K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 7,724 | $2.18M |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 1,193 | $335.2K |
| Sep 2, 2026 | D'Ambrosio Christopher Corp. VP | Sale 10b5-1 plan | 1,872 | $529.8K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 700 | $195.0K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 256 | $71.5K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 214 | $59.8K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 559 | $156.5K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 2,898 | $810.7K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 610 | $171.9K |
| Sep 2, 2026 | Black Maria President & CEO | Sale 10b5-1 plan | 760 | $214.1K |
| Sep 2, 2026 | DeSilva Joseph Executive VP | Sale 10b5-1 plan | 6,512 | $1.84M |
| Sep 1, 2026 | Rodriguez Carlos A Director | Tax withheld | 13,472 | $3.82M |
| Sep 1, 2026 | D'Ambrosio Christopher Corp. VP | Tax withheld 10b5-1 plan | 1,736 | $492.1K |
| Sep 1, 2026 | Orihuela Samantha D Chief Marketing Officer | Tax withheld | 154 | $43.7K |
| Sep 1, 2026 | DeSilva Joseph Executive VP | Award 10b5-1 plan | 5,089 | $0 |
| Sep 1, 2026 | DeSilva Joseph Executive VP | Tax withheld 10b5-1 plan | 7,482 | $2.12M |
| Sep 1, 2026 | Michaud Brian L. Executive VP | Tax withheld | 2,281 | $646.8K |
| Sep 1, 2026 | Foskett David Corp. VP | Award 10b5-1 plan | 4,006 | $0 |
| Sep 1, 2026 | Black Maria President & CEO | Award 10b5-1 plan | 21,689 | $0 |
| Sep 1, 2026 | D'Ambrosio Christopher Corp. VP | Award 10b5-1 plan | 2,565 | $0 |
| Sep 1, 2026 | Bonarti Michael A Corporate Vice President | Tax withheld | 7,727 | $2.19M |
| Sep 1, 2026 | Foskett David Corp. VP | Tax withheld 10b5-1 plan | 1,980 | $561.5K |
| Sep 1, 2026 | Orihuela Samantha D Chief Marketing Officer | Award | 1,163 | $0 |
| Sep 1, 2026 | Hadley Peter J CFO | Award | 6,464 | $0 |
| Sep 1, 2026 | Magliulo Virginia Executive VP | Award | 2,858 | $0 |
| Sep 1, 2026 | Hadley Peter J CFO | Tax withheld | 1,651 | $467.9K |
| Sep 1, 2026 | Magliulo Virginia Executive VP | Tax withheld | 2,709 | $768.0K |
| Sep 1, 2026 | Kwon David Corp VP | Tax withheld | 1,969 | $558.3K |
| Sep 1, 2026 | Kwon David Corp VP | Award | 1,763 | $0 |
| Sep 1, 2026 | Lehberger Jonathan S Corp. VP | Award | 903 | $0 |
| Sep 1, 2026 | Boland Paul Corp. VP | Award | 3,634 | $0 |
| Sep 1, 2026 | KUTAM SREENIVASA Corp VP | Award | 5,259 | $0 |
| Sep 1, 2026 | Boland Paul Corp. VP | Tax withheld | 3,134 | $888.3K |
| Sep 1, 2026 | Bonarti Michael A Corporate Vice President | Award | 5,076 | $0 |
| Sep 1, 2026 | Black Maria President & CEO | Tax withheld 10b5-1 plan | 31,215 | $8.85M |
| Sep 1, 2026 | KUTAM SREENIVASA Corp VP | Tax withheld | 7,329 | $2.08M |
| Sep 1, 2026 | Lehberger Jonathan S Corp. VP | Tax withheld | 406 | $115.2K |
| Sep 1, 2026 | Michaud Brian L. Executive VP | Award | 2,683 | $0 |
| Aug 21, 2026 | Michaud Brian L. Executive VP | Sale 10b5-1 plan | 120 | $33.6K |
| Aug 20, 2026 | Kwon David Corp VP | Option exercise 10b5-1 plan | 967 | $164.2K |
| Aug 20, 2026 | Kwon David Corp VP | Sale 10b5-1 plan | 798 | $223.4K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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