ADP Closes Fiscal 2026 with $21.9B in Revenue and Guides to 9–11% Adjusted EPS Growth for 2027
ADP sits 38% above its 52-week low of $188.16.
Summary
ADP delivered fiscal 2026 revenue of $21.9 billion and adjusted EPS of $11.12, both at the high end of guidance, and issued a fiscal 2027 outlook for 9–11% adjusted EPS growth.
Key Events · Earnings and Guidance · ADP
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Fiscal 2026 Results Beat High End of Guidance
Revenue grew 7% to $21.9 billion; adjusted diluted EPS rose 11% to $11.12, with adjusted EBIT margin expanding 80 bps to 26.8%.
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Fiscal 2027 Outlook: 9-11% Adjusted EPS Growth
Company guides for 5-6% revenue growth, 70-90 bps of adjusted EBIT margin expansion, and adjusted diluted EPS growth of 9-11%.
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Employer Services Bookings Up 6% to $2.2B
New business bookings in the Employer Services segment reached $2.2 billion for the year, with retention flat at 92.1%.
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Client Funds Interest Revenue Jumps 14%
Interest on funds held for clients rose to $1.355 billion, driven by higher balances and yields; fiscal 2027 outlook calls for $1.540-$1.560 billion.
Analysis · ADP · Technology
Fiscal 2026 proved to be a strong year for ADP, as revenue climbed 7% to $21.9 billion and adjusted diluted EPS reached $11.12, topping the high end of its guidance. Looking ahead, the fiscal 2027 outlook calls for 5–6% revenue growth and 9–11% adjusted EPS growth, underscoring management's confidence in sustained momentum. Employer Services new business bookings rose 6% to $2.2 billion, while client funds interest revenue surged 14% to $1.355 billion, with a further increase expected in 2027. A $91.1 million business alignment charge in Q4 reflects restructuring efforts, but the underlying operating performance remains robust, as adjusted EBIT margin expanded 80 basis points to 26.8%.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 29.5% of the 1672 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.22%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ADP was trading at $260.27 on NASDAQ in the Technology sector, with a market capitalization of approximately $105.6B. The 52-week trading range was $188.16 to $315.98. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.