Get noticed about the list of notable companies` earning reports after markets close today and before markets open tomorrow.

Automatic Data Processing (ADP) Q1 Earnings call transcript Oct 30, 2025

Daily EarningsWednesday, Oct 30, 2024 11:42 pm ET

1min read

ADP -- EFSC -- HCM -- HR --

ADP reported a robust first quarter with strong revenue growth, adjusted EBIT margin expansion, and increased adjusted EPS. The company's strategic priorities, including its approach to offering dynamic workforce management solutions, were emphasized during the call. Financial Highlights ADP reported a 7% revenue growth in Q1, with adjusted EBIT margin expanding by 130 basis points and adjusted EPS growing by 12%. The company's Employer Services saw a solid start to the year, with record volume for a first quarter. New business bookings in the quarter were strong, with a particular focus on the small business portfolio, which benefited from the company's continued strength in retirement services. The mid-market and HR outsourcing businesses also showed good growth, and the international business maintained its strong momentum from the previous year. Retention rates remained steady, with overall client satisfaction scores reaching a new all-time high for a first quarter. Strategic Priorities and Acquisitions ADP's focus on strategic priorities was a key theme of the call, with the acquisition of WorkForce Software being a significant highlight. The acquisition of WorkForce Software, a leading workforce management solutions provider, expands ADP's current array of time and attendance, absent management, and scheduling tools. This acquisition strengthens ADP's ability to win in the highly attractive market for workforce management solutions and offers clients a more comprehensive suite of services. Looking Ahead ADP's outlook remains positive, with expectations of strong retention results and continued growth in the mid-market and enterprise space. The introduction of ADP Lyric, the company's flexible, intelligent, and human-centric global HCM platform, was also highlighted as a strategic move to meet the evolving needs of the modern workforce. Conclusion ADP's strong first quarter performance and strategic initiatives underscore its commitment to offering dynamic workforce management solutions that meet the complex needs of today's global workforce. The acquisition of WorkForce Software and the introduction of ADP Lyric position the company to provide enterprise clients with a unique global HR, payroll, time, and service solution, driving innovation and future success.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.