Automatic Data Processing, Inc.
ADP · Nasdaq
Next quarter
Reports Nov 4, 2026.
Consensus is $2.78 EPS for Sep 2026 across 4 estimates, ranging $2.68 to $2.92.
ADP Jun 2026
- 1.93%
- -3.48%
- $2.59
- $2.64
- —
- —
Highlights
- The supplied material does not include June 2026 quarterly revenue, net income, segment results, margins, or guidance. The latest reported quarter listed is Q3 FY2026, with revenue of $5.94B and net income of $1.36B.
- Q3 FY2026 revenue of $5.94B compares with $5.36B in Q2 FY2026, $5.18B in Q1 FY2026, and $5.55B in Q3 FY2025; no current-quarter growth rate is provided.
- Employer Services and PEO are the two reportable segments, but no June 2026 segment revenue, operating income, or margin figures are included.
- ADP serves more than 1.1 million clients, pays approximately 26 million workers in the United States and more than 16 million workers outside the United States, and employs approximately 67,000 associates.
- ADP TotalSource serves more than 19,000 clients and more than 770,000 worksite employees, while fiscal 2026 research and development expenditure was approximately $1.405B; no capex figure is supplied.
Analysis
No consensus figures are on file, and the supplied material does not report the June 2026 quarter's actual revenue, earnings, segment performance, margins, or cash flow. The latest available result is Q3 FY2026 revenue of $5.94B and net income of $1.36B, compared with $5.36B and $1.06B in Q2 FY2026 and $5.55B and $1.25B in Q3 FY2025. Because no current-quarter growth rate or operating detail is provided, the material cannot establish whether growth accelerated or decelerated, which segment carried results, or whether margins expanded or contracted. Management identifies Employer Services and PEO as the reportable segments, but provides no quarterly figures for either in the supplied text. The filing instead describes a broad recurring-services base, including more than 1.1 million clients, approximately 26 million U.S. workers paid, and more than 770,000 PEO worksite employees.
Guidance
No June 2026 or forward guidance is given in the supplied material. There are no ranges for revenue, earnings, margins, bookings, client retention, subscriber or worksite-employee growth, capex, or cash flow, and no comparison with a prior guide is possible. The filing provides operating scale and investment context rather than a forecast: fiscal 2026 research and development expenditure was approximately $1.405B, compared with $1.388B in fiscal 2025 and $1.276B in fiscal 2024. It also notes that ADP operates across more than 140 countries and territories, but does not attach financial assumptions or outlook ranges to that footprint.
What drove it
- Employer Services — Employer Services is one of ADP's two reportable segments and serves clients from single-employee businesses to enterprises with tens of thousands of employees.
- PEO scale — ADP TotalSource serves more than 19,000 clients and more than 770,000 worksite employees in all 50 U.S. states.
- Payroll reach — ADP pays approximately 26 million workers in the United States and more than 16 million workers outside the United States.
- Product investment — Fiscal 2026 research and development expenditure was approximately $1.405B, including investment in generative and agentic AI.
Watch items
- The supplied material lacks June 2026 revenue, earnings, segment, margin, capex, and guidance data, preventing assessment of the reported period against an operating plan or prior-year growth rate.
- ADP warns that changes in tax withholding or remittance rules could reduce average client balances and interest income from investing client funds.
- The PEO business faces obligations and liabilities as co-employer, including the risk that clients fail to remit required payments during financial disruptions or banking stress.
- Privacy, cybersecurity, and AI regulation—including the GDPR, CPRA, and EU Artificial Intelligence Act—could increase compliance costs, restrict product development, or lead to penalties and reputational damage.
