Automatic Data Processing Inc reported a strong fourth quarter with 7% revenue growth and 17% adjusted EPS growth. Employer Services retention remained strong at 92.1%, exceeding expectations for the fiscal year. The company's retirement services business achieved a major milestone of $1 billion in annual revenue for the first time. ADP experienced broad-based new business bookings growth, particularly in small business, HR outsourcing, enterprise, and international markets. The fiscal 2027 outlook anticipates a slight decline in Employer Services retention by 10 to 30 basis points and a slight headwind from foreign exchange.
Automatic Data Processing IncADP reported 7% revenue growth and 17% adjusted EPS growth, exceeding expectations.