NASDAQ$ADP

Automatic Data Processing Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

ADP reported fiscal Q1 2026 revenues of $5.18B with net earnings of $1.01B and diluted EPS of $2.49.

First-quarter revenues grew to $5.18 billion as Employer Services and PEO segments benefited from pays per control and pricing. Net earnings were $1.01 billion; diluted EPS was $2.49. The payroll and HR platform continues to emphasize margin discipline, new business bookings, and interest on client funds.

  • Fiscal Q1 revenues $5.18B.
  • Net earnings $1.01B; diluted EPS $2.49.
  • Employer Services and PEO demand support recurring revenue.
  • Interest on client funds and retention remain earnings drivers.

Headline financials

Total Revenue

$5.18B

Previous: $4.83B+7.1%
EPS (adj)

$2.49

Previous: $2.34+6.4%
U.S. Pays Per Control

0.0%

Previous: 2.0%-100.0%
Average WSEs

754.0K

Previous: 737.0K+2.3%
Capital Expenditures

-$46.7M

Previous: -$58.8M+20.6%
Free Cash Flow

$966M

Previous: $898M+7.7%
Net Income

$1.01B

Previous: $956M+5.9%
Operating Income

-$6.31B

Previous: -$5.86B-7.8%
Gross Profit

$2.34B

Previous: $2.2B+6.4%
Cash & Equivalents

$2.48B

Previous: $2.1B+17.7%
Total Assets

$54.3B

Previous: $49.5B+9.7%

Revenue & EPS history

ADP · Revenue · Quarterly

$5.18B

Q1 2026+7.1%vs Q1 2025
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

ADP · $4.52B total across 2 segments · Q1 2024

  • Employer Services
    $3.05B+9.2%
  • PEO Services
    $1.47B+2.8%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.1%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+2.6%

Avg return

30 days after

50%

35 / 70 earnings

Positive

+10.8%

Q4 2017

Best reaction

-9.4%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.0%+6.1%+11.4%
Q2 2026-1.2%-6.2%-14.5%
Q1 2026-6.6%-8.0%-8.7%
Q3 2025+1.6%+2.8%+10.1%
Q2 2025+0.8%+3.0%+5.7%
Q1 2025+0.4%+0.7%+6.6%
Q4 2024+1.4%+0.2%+7.0%
Q3 2024+0.1%+0.4%+1.3%
Q2 2024+3.6%+4.1%+4.7%
Q1 2024-9.0%-10.1%-4.1%
Q4 2023+4.3%+2.8%+5.2%
Q3 2023+2.1%+4.5%+0.4%
Q2 2023-5.7%-7.0%-7.3%
Q1 2023-1.2%+1.7%+11.0%
Q4 2022+9.9%+10.7%+14.9%
Q3 2022+3.3%-1.3%+1.1%
Q2 2022-9.4%-4.9%-5.8%
Q1 2022+1.9%+1.5%+4.9%
Q4 2021+0.5%+0.8%+0.5%
Q3 2021-3.8%-2.3%+0.1%
Q2 2021+1.3%+1.1%+5.8%
Q1 2021+8.3%+10.6%+20.0%
Q4 2020-9.4%-8.3%-3.6%
Q3 2020+2.6%+1.0%+2.4%
Q2 2020-1.8%-2.4%-13.2%
Q1 2020-0.4%-0.6%+4.9%
Q4 2019-0.4%-3.2%+2.9%
Q3 2019-3.6%-2.5%-2.6%
Q2 2019+4.4%+7.2%+14.9%
Q1 2019+2.7%+3.0%+7.4%
Q4 2018-1.4%+0.4%+8.7%
Q3 2018+3.6%+5.7%+11.7%
Q2 2018-0.3%-5.6%-6.0%
Q1 2018-2.7%-2.3%-1.4%
Q4 2017+10.8%+10.2%-1.3%
Q3 2017-4.7%-7.0%-2.9%
Q2 2017-4.6%-4.5%+3.5%
Q1 2017+2.8%+4.2%+9.6%
Q4 2016-6.3%-7.3%-5.4%
Q3 2016-1.9%
Q2 2016+0.8%
Q1 2016-2.2%
Q4 2015-3.1%
Q3 2015+0.7%
Q2 2015+2.4%
Q1 2015+2.2%
Q4 2014-0.7%
Q3 2014+0.8%
Q2 2014-1.0%
Q1 2014-1.7%
Q4 2013-0.7%
Q3 2013+1.9%
Q2 2013+2.0%
Q1 2013-0.7%
Q4 2012-1.4%
Q3 2012-1.6%
Q2 2012-1.6%
Q1 2012-0.7%
Q4 2011-0.7%
Q3 2011+0.7%
Q3 2010+0.7%
Q2 2011+0.1%
Q1 2011-0.7%
Q4 2008-0.2%
Q4 2010-0.2%
Q2 2009+0.7%
Q2 2010+0.7%
Q1 2009+1.7%
Q1 2010+1.7%
Q4 2009+1.7%

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