ADP SEC Filings
AUTOMATIC DATA PROCESSING INC - 383 total filings
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q2 Ended Dec 31, 2025
Automatic Data Processing, Inc. (ADP) reported solid financial results for the six months ended December 31, 2025, demonstrating consistent growth and operational efficiency. Total revenues increased by 7% year-over-year to $10.53 billion, driven by new business, client retention, strategic pricing, and a notable increase in interest income from client funds, which benefited from higher average client fund balances and increased interest rates. The company also achieved an expansion in its earnings before income taxes (EBIT) margin by 30 basis points, reflecting effective cost management and revenue growth. This growth was underpinned by strategic investments in technology and an expanded sales organization, balanced by disciplined expense control. ADP continued its commitment to shareholder returns, repurchasing approximately $0.9 billion of its stock and paying $1.3 billion in dividends during the period. The acquisition of WorkForce Software in October 2024 is being integrated into the Employer Services segment and is expected to contribute to future growth. The company's financial position remains strong, with ample liquidity from operations and committed credit facilities to support ongoing operations, dividend payments, and potential future investments. Looking ahead, ADP remains focused on its strategic priorities of leading with best-in-class HCM technology and leveraging its global scale to serve clients.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Jan 28, 2026)
Automatic Data Processing, Inc. (ADP) has filed a Form 8-K on January 27, 2026, to announce its financial results for the second quarter ended December 31, 2025. The company has made its earnings release, dated January 28, 2026, available on its website and has attached it as an exhibit to this filing. Investors should refer to the earnings release for detailed financial performance, operational highlights, and forward-looking statements for the second quarter of fiscal year 2026. This filing serves as the primary disclosure vehicle for these results, supplementing information typically found in quarterly reports.
AUTOMATIC DATA PROCESSING INC 8-K Report, Shareholder Vote Results (Nov 17, 2025)
Automatic Data Processing, Inc. (ADP) filed an 8-K on November 17, 2025, reporting the results of its Annual Meeting of Stockholders held on November 12, 2025. The meeting saw significant shareholder participation, with over 354 million shares represented. Key outcomes include the election of all director nominees by substantial margins and the approval, on an advisory basis, of the company's executive compensation. Additionally, shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year beginning July 1, 2025. Investors can take comfort in the strong shareholder support for both the board of directors and executive compensation policies, indicating alignment between management and ownership. The ratification of the auditor also suggests confidence in the company's financial oversight and reporting processes. While broker non-votes were present for director elections, the overwhelming 'For' votes for most nominees demonstrate broad shareholder approval.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q1 Ended Sep 30, 2025
Automatic Data Processing, Inc. (ADP) reported a solid first quarter for fiscal year 2026, with total revenues increasing by 7% year-over-year to $5.2 billion. This growth was driven by new client bookings, strong client retention, higher interest income on client funds, and the impact of the recent WorkForce Software acquisition. Net earnings rose 6% to $1.01 billion, resulting in diluted earnings per share (EPS) of $2.49, a 6% increase. Key financial strengths include continued revenue growth, particularly in the Employer Services segment, and robust profitability. The company returned $1.0 billion to shareholders through dividends and share repurchases, underscoring its commitment to capital return. While operating expenses and R&D increased, partly due to investments in new products and the recent acquisition, the company maintained its adjusted EBIT margin. ADP's strong business model, characterized by low capital intensity and consistent cash flow generation, positions it well to meet operational needs and continue strategic investments.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Oct 29, 2025)
Automatic Data Processing, Inc. (ADP) filed an 8-K on October 29, 2025, reporting its financial results for the first quarter ended September 30, 2025. The company has made its earnings release, dated October 29, 2025, available on its website and has incorporated it by reference into this filing as Exhibit 99. Investors should refer to the earnings release for detailed financial performance and operational highlights during the first quarter. This 8-K primarily serves as a notification and an avenue to access the comprehensive quarterly results, which are crucial for understanding ADP's current financial health and trajectory.
AUTOMATIC DATA PROCESSING INC Annual Report, Year Ended Jun 30, 2025
Automatic Data Processing, Inc. (ADP) reported strong financial performance for the fiscal year ended June 30, 2025, with total revenues increasing by 7% to $20.56 billion. This growth was driven by new client acquisitions, strong client retention, strategic acquisitions including WorkForce Software, and increased interest income on funds held for clients. The company demonstrated solid operational efficiency, with Earnings Before Income Taxes (EBIT) and Adjusted EBIT margins expanding by 50 basis points, reflecting effective cost management and revenue growth. ADP continues to prioritize innovation and client experience, evidenced by the launch of ADP Lyric HCM and strategic investments in artificial intelligence (AI) and machine learning. The company's commitment to shareholder returns is highlighted by $3.7 billion in cash returned through dividends and share repurchases. With a robust business model characterized by recurring revenue and low capital intensity, ADP is well-positioned to navigate market dynamics and continue delivering value to its clients and shareholders. The company's financial condition remains solid, supported by ample liquidity and strong cash flow generation, enabling continued investment in growth initiatives and a consistent return of capital to stockholders.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Jul 30, 2025)
Automatic Data Processing, Inc. (ADP) has filed a Form 8-K on July 29, 2025, to announce its financial results for the fourth quarter and full fiscal year ended June 30, 2025. The details of these results are provided in an earnings release, which is attached as Exhibit 99 to this filing and incorporated by reference. Investors should refer to this earnings release for specific financial performance metrics, including revenue, earnings per share, and any forward-looking guidance. While the 8-K itself does not contain the detailed financial figures, it serves as the official notification that the company's comprehensive financial performance for the most recent fiscal period is now publicly available. This filing is crucial for investors seeking to understand ADP's operational success, profitability, and overall financial health as of the end of fiscal year 2025. The accompanying exhibit is the primary source for in-depth analysis.
AUTOMATIC DATA PROCESSING INC 8-K Report, Material Agreement (Jun 27, 2025)
Automatic Data Processing, Inc. (ADP) has announced the establishment of new credit facilities totaling $7.05 billion, comprised of a $4.55 billion 364-day facility and a $2.5 billion five-year facility. These new agreements replace prior facilities of similar structure and maturity but with potentially improved terms and greater capacity, including an accordion feature on the five-year facility that allows for an additional $500 million in commitments. These facilities provide ADP with significant financial flexibility for general corporate purposes, underscoring the company's stable financial footing and access to capital markets. Key aspects of the new facilities include revolving credit options, flexibility in interest rate selection (Term SOFR-based or prime rate), and commitment fees on unused portions. The maturities are structured to provide short-term liquidity (364-day facility with an option for a one-year extension) and longer-term financial support (five-year facility with renewal options). The company's ability to secure these substantial credit lines with major financial institutions highlights its creditworthiness and ongoing operational strength.
AUTOMATIC DATA PROCESSING INC 8-K Report, Regulation FD Disclosure (Jun 12, 2025)
Automatic Data Processing, Inc. (ADP) has filed a Current Report (8-K) on June 12, 2025, announcing its 2025 Investor Day event scheduled for the same date in New York, NY. The primary purpose of this filing is to furnish a copy of the slide presentation that will be used during the event. This presentation is a key source of forward-looking information and strategic updates for investors. Investors are encouraged to review the furnished slide presentation (Exhibit 99) for details on the Company's strategic initiatives, market outlook, and financial projections. A live webcast of the event will also be available, providing an opportunity for real-time engagement and Q&A. While this information is furnished under Regulation FD and not deemed "filed" for liability purposes, it represents management's current views and is crucial for understanding ADP's future direction.
AUTOMATIC DATA PROCESSING INC 8-K Report, Material Agreement (May 8, 2025)
Automatic Data Processing, Inc. (ADP) has filed an 8-K report detailing a significant financing transaction. On May 5, 2025, the Company entered into an Underwriting Agreement to issue and sell $1 billion in aggregate principal amount of 4.750% senior notes due 2032. This offering was registered with the SEC and is being conducted through a prospectus supplement, indicating a standard capital markets transaction. The issuance of these notes, which occurred on May 8, 2025, was formalized through an Indenture with U.S. Bank Trust Company, National Association serving as trustee. This transaction represents a strategic move by ADP to access capital markets for a substantial amount. Investors should note that the proceeds from this offering are not explicitly detailed in this filing, but such debt issuance typically supports general corporate purposes, potential acquisitions, or refinancing existing debt. The inclusion of the underwriting agreement with major financial institutions like BofA Securities, J.P. Morgan, and Morgan Stanley, along with the legal opinion from Davis Polk & Wardwell LLP, underscores the formality and scale of this debt issuance.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q3 Ended Mar 31, 2025
Automatic Data Processing, Inc. (ADP) reported solid financial results for the third quarter and the first nine months of fiscal year 2025. Total revenues increased by 6% year-over-year to $5.55 billion for the quarter and 7% to $15.43 billion for the nine-month period, driven by new business, client retention, pricing increases, and interest income on client funds. The company also benefited from its recent acquisitions, WorkForce Software and PEI. Net earnings grew 5% to $1.25 billion ($3.06 per diluted share) for the quarter, and 8% to $3.17 billion ($7.75 per diluted share) for the nine months. The company continued its commitment to shareholder returns, repurchasing shares and increasing its dividend for the 50th consecutive year. ADP's financial condition remains strong, supported by consistent cash flow generation and ample liquidity, positioning the company well for future growth and investments in its HCM technology solutions.
AUTOMATIC DATA PROCESSING INC 8-K Report, Executive Changes (Apr 30, 2025)
Automatic Data Processing, Inc. (ADP) has announced a significant leadership change in its finance department through an 8-K filing. Peter J. Hadley will be appointed Chief Financial Officer (CFO), effective July 1, 2025, succeeding Don McGuire. Mr. McGuire will transition to a corporate officer role until September 30, 2025, to ensure a smooth handover. Mr. Hadley brings extensive experience within ADP, having held various senior finance and leadership positions, including President of Asia Pacific and Treasurer. This internal promotion suggests continuity in financial strategy and operations. Investors should note the comprehensive compensation package offered to Mr. Hadley, which includes a base salary of $650,000, a target bonus of 150% of base salary, and substantial long-term equity incentives with an expected annual target value of $4,875,000 for fiscal year 2026. The severance provisions, including salary continuation and accelerated vesting upon involuntary termination without cause or in the event of a change in control, provide a degree of executive protection and align executive interests with shareholder value during potential transitions. Mr. Hadley is also subject to stock ownership guidelines and a clawback policy, reinforcing accountability.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Apr 30, 2025)
Automatic Data Processing Inc. (ADP) has filed a Form 8-K on April 29, 2025, to announce the availability of its financial results for the third quarter ended March 31, 2025. The earnings release, dated April 30, 2025, is attached as an exhibit and incorporated by reference, providing investors with the detailed financial performance for the period. Investors should refer to the full earnings release for comprehensive insights into ADP's operational performance, financial condition, and future outlook. While the 8-K itself is primarily a notification filing, the attached earnings release (Exhibit 99) is the critical document for understanding ADP's quarterly performance. It will contain key metrics such as revenue, earnings per share, profitability, and potentially guidance for the upcoming quarters. Investors are encouraged to review this release to assess the company's trajectory and make informed investment decisions.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q2 Ended Dec 31, 2024
Automatic Data Processing, Inc. (ADP) reported solid financial results for the six months ended December 31, 2024. Total revenues increased by 8% to $9.88 billion, driven by new business, strong client retention, increased pricing, and growth in PEO and Employer Services segments. The acquisition of WorkForce Software in October 2024 is being integrated and is expected to contribute to future growth. The company also highlighted its continued commitment to shareholder returns, with $1.79 billion returned through dividends and share repurchases. The company demonstrated robust operational performance with Earnings Before Income Taxes (EBIT) increasing by 12% to $2.49 billion and EBIT margin expanding by 90 basis points. Diluted Earnings Per Share (EPS) saw a 12% increase to $4.69. ADP's financial condition remains strong, supported by significant cash flow generation and a solid liquidity position, enabling continued investment in business enhancements and strategic priorities.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Jan 29, 2025)
Automatic Data Processing, Inc. (ADP) filed an 8-K on January 29, 2025, to announce its financial results for the second quarter ended December 31, 2024. The company has made its earnings release, dated January 29, 2025, available on its website and attached it as an exhibit to the filing. Investors should refer to this earnings release for detailed financial performance information for the second quarter.
AUTOMATIC DATA PROCESSING INC 8-K Report, Shareholder Vote Results (Nov 12, 2024)
This 8-K filing from Automatic Data Processing, Inc. (ADP) details the outcomes of its Annual Meeting of Stockholders held on November 6, 2024. The primary focus of the report is the voting results for the election of directors, the advisory vote on executive compensation, and the ratification of the independent registered public accounting firm. All incumbent directors were overwhelmingly re-elected, indicating strong shareholder confidence in the current board's leadership and strategy. Furthermore, shareholders provided an advisory approval for the company's executive compensation practices and ratified the appointment of Deloitte & Touche LLP as the independent auditor for the upcoming fiscal year, signaling continued support for ADP's governance and financial oversight.
AUTOMATIC DATA PROCESSING INC 8-K Report, Executive Changes (Nov 8, 2024)
Automatic Data Processing, Inc. (ADP) has filed an 8-K report detailing a significant change in its executive leadership. Effective January 1, 2025, John C. Ayala will be stepping down as Chief Operating Officer (COO). Mr. Ayala will remain with the company in a corporate officer capacity during a transition period extending through March 31, 2025, ensuring a smooth handover of responsibilities. This transition marks a shift in operational leadership for ADP. In conjunction with Mr. Ayala's departure from the COO role, Joseph DeSilva, currently President of Global Sales, will assume the newly defined position of Executive Vice President, North America and Chief of Operations, also effective January 1, 2025. This appointment comes with an adjustment to Mr. DeSilva's compensation, including a 6.2% increase in base salary and an enhanced annual target bonus, now set at 150% of base salary, up from the previous 100%. Investors should monitor the operational execution and integration under Mr. DeSilva's leadership.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q1 Ended Sep 30, 2024
Automatic Data Processing, Inc. (ADP) reported a strong first fiscal quarter ended September 30, 2024, with total revenues increasing by 7% to $4.83 billion, driven by new business, client retention, and pricing increases. Profitability also saw a notable improvement, with Net Earnings rising 11% to $956.3 million, and Diluted EPS growing 13% to $2.34. The company highlighted strategic investments in technology, including generative AI, and a significant acquisition of WorkForce Software in October 2024 for $1.2 billion, which is expected to bolster its Employer Services segment. ADP's financial position remains robust, supported by consistent operating cash flows and a strong balance sheet. The company returned $940 million to shareholders through dividends ($570 million) and share repurchases ($370 million). Management's focus on strategic priorities, coupled with operational efficiencies and favorable interest income on client funds, positions ADP for continued growth and value creation for shareholders.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Oct 30, 2024)
Automatic Data Processing, Inc. (ADP) filed an 8-K on October 30, 2024, reporting its financial results for the first quarter ended September 30, 2024. The company announced that its earnings release detailing these results is available on its website and has been filed as an exhibit with this report. Investors should refer to the earnings release (Exhibit 99) for specific financial performance metrics, including revenue, profitability, and any forward-looking guidance provided by the company.
AUTOMATIC DATA PROCESSING INC 8-K Report, Material Agreement (Sep 9, 2024)
Automatic Data Processing, Inc. (ADP) has filed an 8-K report detailing the successful issuance of $1 billion in aggregate principal amount of 4.450% senior notes due 2034. This issuance, which occurred on September 9, 2024, was executed under an Underwriting Agreement with major financial institutions including BofA Securities, J.P. Morgan Securities, and Morgan Stanley. The new debt offering was registered with the SEC on Form S-3 and offered via a prospectus dated September 4, 2024. The proceeds from this offering will bolster ADP's capital structure, providing financial flexibility for its operations and strategic initiatives. The notes were issued pursuant to an Indenture, as supplemented by a Third Supplemental Indenture, with U.S. Bank Trust Company, National Association acting as trustee.
AUTOMATIC DATA PROCESSING INC Annual Report, Year Ended Jun 30, 2024
Automatic Data Processing, Inc. (ADP) reported a solid fiscal year 2024, demonstrating 7% revenue growth to $19.2 billion, driven by new client acquisition, pricing increases, and strong client retention. The company highlighted its strategic priorities, focusing on leading with best-in-class HCM technology, providing unmatched expertise and outsourcing solutions, and leveraging its global scale. Investments in artificial intelligence, particularly the launch of ADP Assist, are a key area of innovation, aimed at enhancing client and employee experiences. ADP's financial health remains strong, with significant cash flow generation and a commitment to shareholder returns through dividends and share repurchases, totaling $3.4 billion in fiscal year 2024.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Jul 31, 2024)
Automatic Data Processing Inc. (ADP) filed an 8-K on July 31, 2024, to report its financial results for the fourth quarter and full fiscal year ended June 30, 2024. While the 8-K itself does not contain the detailed financial figures, it references an attached earnings release (Exhibit 99) made available on the same day. Investors should refer to this earnings release for comprehensive information regarding ADP's performance during this period. The key takeaway for investors is that ADP has officially announced the availability of its latest financial results. The 8-K serves as the formal notification of this disclosure. The attached earnings release will contain the specific metrics, such as revenue, earnings per share, and segment performance, which are crucial for assessing the company's operational and financial health, as well as for making informed investment decisions.
AUTOMATIC DATA PROCESSING INC 8-K Report, Material Agreement (Jun 28, 2024)
Automatic Data Processing, Inc. (ADP) announced on June 28, 2024, the establishment of two new credit facilities totaling $8.05 billion, significantly bolstering its liquidity and financial flexibility. These new facilities replace existing credit lines and include a $4.55 billion 364-day facility and a $3.5 billion five-year facility. The five-year facility features an accordion option allowing for an additional $500 million in commitments, providing further capacity for future needs. These credit agreements are crucial for ADP's ongoing operations, general corporate purposes, and potentially for strategic initiatives. The company's ability to secure these substantial credit lines from a diverse group of lenders, led by major financial institutions like JPMorgan Chase Bank, N.A., signals strong confidence in its financial stability and operational capacity. The terms, including interest rates based on SOFR or prime rates and commitment fees, are structured to provide flexibility while reflecting current market conditions.
AUTOMATIC DATA PROCESSING INC 8-K Report, Executive Changes (May 9, 2024)
Automatic Data Processing, Inc. (ADP) filed an 8-K on May 9, 2024, announcing a key executive change in its finance department. Jonathan Lehberger has been appointed as the new Corporate Controller and principal accounting officer, effective July 1, 2024. This transition involves Mr. Lehberger succeeding Brock Albinson, who will be stepping down from the role on June 30, 2024. Mr. Lehberger brings extensive experience within ADP, having held various finance leadership positions since joining the company in 2004. His recent roles include Senior Vice President of Financial Strategy and Planning, and CFO for Small Business Services and ADP Canada. This appointment signals continuity and internal promotion within ADP's financial leadership team, likely reassuring investors of a smooth handover and continued financial oversight.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q3 Ended Mar 31, 2024
Automatic Data Processing, Inc. (ADP) reported strong financial results for the third quarter and the first nine months of fiscal year 2024. Total revenues increased by 7% year-over-year for both periods, driven by new business, client retention, pricing increases, and growth in interest on client funds. Net earnings saw a significant increase of 14% for the quarter and 11% for the nine months. Diluted Earnings Per Share (EPS) also grew, rising 15% quarterly and 12% year-to-date. The company's strategic priorities, including enhancing its Human Capital Management (HCM) technology with AI and leveraging global scale, are progressing well. ADP continues to demonstrate a strong financial position and robust cash flow generation, enabling consistent returns to shareholders through dividends and share repurchases.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (May 1, 2024)
Automatic Data Processing, Inc. (ADP) has filed an 8-K report on May 1, 2024, to announce its financial results for the third quarter ended March 31, 2024. The key information is contained within the earnings release, which was made available on the company's website and is attached as an exhibit to this filing. Investors should refer to this earnings release for detailed performance metrics and financial condition updates for the period. The filing itself is primarily a notification and incorporation by reference of the earnings release.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q2 Ended Dec 31, 2023
Automatic Data Processing, Inc. (ADP) reported solid financial results for the second quarter and first half of fiscal year 2024, ending December 31, 2023. Total revenues grew 6% year-over-year for the quarter and 7% for the six-month period, reaching $4.7 billion and $9.2 billion respectively. This growth was driven by new business, strong client retention, pricing adjustments, and increased interest income on client funds, which benefited from higher average interest rates. Profitability also showed improvement, with earnings before income taxes (EBIT) increasing by 8% for both periods. The company highlighted its strategic focus on best-in-class HCM technology, expert solutions, and global scale, noting progress in rolling out AI-powered features like ADP Assist to enhance client experience and HR productivity. ADP returned $1.5 billion to shareholders through dividends and share repurchases, underscoring its commitment to capital return while maintaining a solid financial position and liquidity.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Jan 31, 2024)
Automatic Data Processing, Inc. (ADP) filed an 8-K on January 31, 2024, to announce its financial results for the second quarter ended December 31, 2023. While the 8-K itself primarily serves as a notification of the earnings release, the attached Exhibit 99, the earnings release, contains the detailed financial performance for the period. Investors should refer to this earnings release for specific figures related to revenue, profitability, and other key financial metrics. This filing indicates that ADP has met its reporting obligations for the quarter. Investors seeking to understand the company's performance, growth trajectory, and future outlook should carefully review the content of the earnings release. Key areas to focus on will include year-over-year comparisons, segment performance (such as ADP's various workforce solutions), and any forward-looking guidance provided by the company.
AUTOMATIC DATA PROCESSING INC 8-K Report, Executive Changes (Jan 10, 2024)
Automatic Data Processing, Inc. (ADP) has announced a significant transition in its Board of Directors leadership, effective January 31, 2024. Thomas J. Lynch has been appointed as the independent, non-executive Chair of the Board, succeeding Carlos A. Rodriguez. This move signals a shift towards a more independent board structure, which is generally viewed favorably by investors as it can enhance corporate governance and oversight. Mr. Rodriguez will continue his service as a non-employee director but will forgo director compensation until the next annual meeting, demonstrating his continued commitment without direct financial incentive beyond his director role. In addition to the Chair transition, the Company has also realigned key committee assignments. John P. Jones moves from Lead Independent Director to committee roles, Scott F. Powers will chair the Compensation and Management Development Committee, and Nazzic S. Keene will chair the Nominating/Corporate Governance Committee. Peter Bisson will join the Audit Committee. These adjustments indicate a proactive approach to board composition and committee leadership, aiming to leverage the expertise of its directors effectively. Investors should monitor how these leadership changes impact strategic decision-making and corporate governance practices.
AUTOMATIC DATA PROCESSING INC 8-K Report, Shareholder Vote Results (Nov 14, 2023)
This 8-K filing from Automatic Data Processing, Inc. (ADP) details the outcomes of its Annual Meeting of Stockholders held on November 7, 2023. The primary focus for investors is the strong shareholder support for the company's nominees for the Board of Directors and the ratification of its independent auditor. All director nominees received a significant majority of "For" votes, indicating shareholder confidence in the current leadership and governance. Additionally, the company's executive compensation plan received advisory approval, and shareholders indicated a preference for annual "Say When on Pay" votes.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q1 Ended Sep 30, 2023
Automatic Data Processing, Inc. (ADP) reported a solid first quarter for fiscal year 2024, with total revenues reaching $4.51 billion, a 7% increase year-over-year. This growth was driven by new business, strong client retention, increased pricing, and higher interest income on client funds, reflecting the company's robust business model and strategic priorities. Net earnings also saw a healthy increase of 10% to $859.4 million, translating to diluted EPS of $2.08, up from $1.87 in the prior year period. The company continues to invest in its best-in-class Human Capital Management (HCM) technology, with a focus on embedding generative AI features into its products and services, such as ADP Assist and Agent Assist. This strategic focus, combined with strong operational execution, positions ADP for continued growth and value creation for its shareholders. The company also demonstrated a commitment to shareholder returns, with $0.8 billion in cash returned through dividends and share repurchases.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Oct 25, 2023)
Automatic Data Processing, Inc. (ADP) filed an 8-K on October 25, 2023, to report its financial results for the first quarter ended September 30, 2023. The key event is the issuance of an earnings release, which provides investors with details on the company's performance during the period. This release, attached as Exhibit 99 to the filing, is the primary source of information regarding ADP's operational and financial condition for the quarter.
AUTOMATIC DATA PROCESSING INC Annual Report, Year Ended Jun 30, 2023
Automatic Data Processing, Inc. (ADP) reported strong financial performance for the fiscal year ended June 30, 2023, characterized by robust revenue growth and increased profitability. The company demonstrated significant revenue expansion, with a 9% increase as reported and a 10% increase on an organic constant currency basis. This growth was driven by new business bookings, strong client retention, and a notable increase in interest income from funds held for clients, benefiting from higher interest rates. ADP's strategic focus on best-in-class HCM technology, unparalleled expertise and outsourcing, and leveraging global scale continues to yield positive results. The company surpassed the one million client milestone and saw improvements in key metrics like Employer Services client retention, reaching a record high. Profitability also saw a healthy increase, with diluted earnings per share growing by 17%. The company remains committed to shareholder returns through dividends and share repurchases, underscoring a solid financial position and a positive outlook for continued growth.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Jul 26, 2023)
Automatic Data Processing, Inc. (ADP) filed an 8-K on July 26, 2023, to report its financial results for the fourth quarter and full fiscal year ended June 30, 2023. The key information for investors is contained within the accompanying earnings release, which is incorporated by reference into this filing. Investors should refer to this earnings release for detailed financial performance, operational achievements, and forward-looking statements for ADP. The 8-K itself serves as a notification of the availability of these results, highlighting the company's performance and financial condition during the period.
AUTOMATIC DATA PROCESSING INC 8-K Report, Material Agreement (Jun 30, 2023)
Automatic Data Processing, Inc. (ADP) has announced a significant update to its credit facilities as of June 30, 2023. The company has entered into two new credit agreements: a $4.25 billion 364-day facility and a $2.25 billion five-year facility. These new facilities replace existing credit lines that were terminated on the same date. The 364-day facility allows for potential extension by one year, while the five-year facility has an accordion feature permitting an increase of up to $500 million and also offers the option for annual commitment extensions. In addition to establishing new credit lines, ADP also amended its existing five-year credit agreement to transition from LIBOR-based interest rates to SOFR-based rates, along with other technical adjustments. These credit facilities provide ADP with substantial liquidity for general corporate purposes, offering various borrowing options including competitive advance and revolving credit facilities. The terms include standard covenants and events of default, with major financial institutions acting as administrative and syndication agents.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q3 Ended Mar 31, 2023
Automatic Data Processing, Inc. (ADP) reported a strong third quarter for fiscal year 2023, demonstrating robust financial performance and strategic execution. Total revenues grew by 9% year-over-year, reaching $4.93 billion, driven by solid client retention, new business bookings, and a significant increase in interest earned on client funds due to higher interest rates and balances. Earnings Before Income Taxes (EBIT) saw a healthy 15% increase, reflecting improved operational efficiency and margin expansion. The company continued to execute its modernization strategy, with ongoing roll-out of its new user experience across key platforms and strong sales performance. ADP's Employer Services segment showed robust revenue growth and margin improvement, while the PEO Services segment also delivered solid revenue increases and margin expansion. The company's financial position remains solid, supported by strong cash flows and a commitment to shareholder returns through dividends and share repurchases.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Apr 26, 2023)
Automatic Data Processing, Inc. (ADP) filed an 8-K on April 26, 2023, to report its financial results for the third quarter ended March 31, 2023. The earnings release, attached as Exhibit 99 to the filing, provides investors with details on the company's performance during the period. While the 8-K itself is primarily a notification of the earnings release's availability, the attached exhibit contains the critical financial data investors will be scrutinizing. Investors should refer to the attached Exhibit 99 for specific details on revenue, profitability, and any forward-looking guidance provided by ADP. This filing serves as the official channel for disseminating these key financial metrics, allowing for informed investment decisions. The report also includes an interactive data file in Inline XBRL format, enhancing the accessibility and analysis of the financial information.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q2 Ended Dec 31, 2022
Automatic Data Processing, Inc. (ADP) reported solid financial results for the second quarter and first half of fiscal year 2023, ending December 31, 2022. Total revenues grew by 9% year-over-year for the quarter and 10% for the six-month period, demonstrating continued client retention and new business growth. A significant contributor to this growth was a substantial increase in interest income on funds held for clients, driven by higher average client fund balances and elevated interest rates. Profitability also showed strength, with Earnings Before Income Taxes (EBIT) increasing by 16% for the quarter and 14% for the six months. The company highlighted operating efficiencies and strategic investments in sales and product development. Diluted Earnings Per Share (EPS) saw a robust increase of 18% for the quarter and 16% for the six-month period, reflecting both earnings growth and a reduction in outstanding shares due to ongoing share repurchases. The company maintains a strong financial position with ample liquidity and reaffirmed its commitment to shareholder returns through dividends and share buybacks.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Jan 25, 2023)
Automatic Data Processing Inc. (ADP) filed an 8-K on January 25, 2023, to report its financial results for the second quarter ended December 31, 2022. The filing incorporates by reference the company's earnings release, which was made available on the same day. Investors should refer to the attached earnings release (Exhibit 99) for detailed financial performance, operational highlights, and forward-looking statements for the second quarter. This 8-K serves as the official notification of the availability of these results.
AUTOMATIC DATA PROCESSING INC 8-K Report, Executive Changes (Nov 16, 2022)
Automatic Data Processing, Inc. (ADP) has filed an 8-K report to announce the upcoming departure of Don Weinstein, Corporate Vice President, Global Product and Technology. Mr. Weinstein is scheduled to step down from his role effective March 31, 2023. The company has indicated that an orderly transition of his responsibilities is currently underway, and he will continue to serve as a corporate officer during this period. This departure, while not immediate, represents a notable change in leadership within the Global Product and Technology division. Investors will likely monitor how ADP manages this transition and the potential impact on its product development and technological strategies. The company has assured that Mr. Weinstein will remain involved to ensure a smooth handover.
AUTOMATIC DATA PROCESSING INC 8-K Report, Shareholder Vote Results (Nov 14, 2022)
This 8-K filing from Automatic Data Processing, Inc. (ADP) reports the outcomes of their Annual Meeting of Stockholders held on November 9, 2022. The key takeaway for investors is the overwhelmingly positive shareholder support for the company's leadership and operational decisions. All director nominees were elected with significant majority votes, reflecting strong confidence in the current board's governance. Furthermore, shareholders approved the company's executive compensation on an advisory basis and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm, indicating general satisfaction with financial oversight and reporting. In addition to governance and financial reporting approvals, the amendment to the Employees' Savings-Stock Purchase Plan was also approved by a substantial margin. The high turnout of shares present, either in person or by proxy, and the decisive votes on all proposals suggest a well-aligned shareholder base that is supportive of ADP's strategic direction and management's execution. This filing provides reassurance regarding corporate governance and shareholder engagement.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q1 Ended Sep 30, 2022
Automatic Data Processing, Inc. (ADP) reported solid financial results for the first quarter of fiscal year 2023, ending September 30, 2022. Total revenues grew by 10% year-over-year to $4.22 billion, driven by strong performance across both its Employer Services and PEO Services segments. Net earnings increased by 11% to $779.0 million, and diluted earnings per share (EPS) rose by 13% to $1.87, demonstrating effective operational execution and growth in its core business. The company's strategic initiatives, including the rollout of a new unified user experience and enhancements to its mobile app, are progressing well and contributing to its competitive positioning. ADP continues to focus on innovation within its Human Capital Management (HCM) solutions, evidenced by recent awards and product launches. The company maintains a strong financial position with robust cash flows, enabling continued investment in the business and returning capital to shareholders through dividends and share repurchases.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Oct 26, 2022)
Automatic Data Processing, Inc. (ADP) filed an 8-K on October 26, 2022, primarily to announce its financial results for the first quarter ended September 30, 2022. The company's earnings release, dated October 26, 2022, was attached as Exhibit 99 to the filing. Investors can access the detailed financial performance for the quarter through this earnings release, which is made available on ADP's website. This filing serves as the official notification and public dissemination of ADP's quarterly performance. The key takeaway for investors is the availability of Q1 2022 financial results. While the 8-K itself does not contain the detailed figures, it directs investors to the comprehensive earnings release. This release will contain crucial information regarding revenue, profitability, and other key financial metrics, enabling investors to assess the company's operational performance and financial condition during the reported period. Investors should refer to the referenced Exhibit 99 for a complete understanding of ADP's Q1 2022 financial outcomes.
AUTOMATIC DATA PROCESSING INC 8-K Report, Executive Changes (Oct 26, 2022)
Automatic Data Processing, Inc. (ADP) has announced a significant leadership transition, effective January 1, 2023. Maria Black will be appointed President and Chief Executive Officer (CEO) and will also join the Board of Directors. Carlos A. Rodriguez, the current CEO, will transition to the role of Executive Chair of the Board of Directors. This strategic move aims to ensure a smooth and successful CEO succession. John P. Jones, the current Non-Executive Chairman, will assume the role of independent Lead Director. The filing also details the compensation packages for both Ms. Black and Mr. Rodriguez in their new capacities, reflecting their continued commitment and expected contributions to the company. Investors can view this as a planned transition that leverages existing talent within the organization.
AUTOMATIC DATA PROCESSING INC Annual Report, Year Ended Jun 30, 2022
Automatic Data Processing, Inc. (ADP) reported strong performance for the fiscal year ended June 30, 2022, with a 10% increase in total revenue to $16.5 billion. This growth was driven by strong client retention, an increase in "pays per control" (a measure of employees on ADP clients' payrolls), and robust new business bookings in the Employer Services segment. The Professional Employer Organization (PEO) segment also showed significant growth with a 15% increase in average worksite employees. The company generated substantial free cash flow, enabling significant returns to shareholders through dividends and share repurchases. ADP continues to invest in its cloud-based Human Capital Management (HCM) solutions, focusing on platform enhancements, user experience (UX) improvements, and data-driven insights through ADP DataCloud, positioning itself for continued long-term growth in a dynamic labor market. Financially, ADP demonstrated solid operational efficiency, with its Adjusted EBIT margin expanding by 90 basis points. Diluted EPS also saw a healthy increase of 15%. The company maintains a strong financial position with $1.4 billion in cash and cash equivalents and significant committed credit facilities, providing ample liquidity for operations, investments, and shareholder returns. ADP's strategic focus on innovation and client service, combined with its extensive scale and expertise, underpins its market leadership and ability to navigate evolving workplace trends.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Jul 27, 2022)
Automatic Data Processing Inc. (ADP) filed an 8-K report on July 27, 2022, primarily to disclose that its financial results for the fourth quarter and full fiscal year ended June 30, 2022, were made available via a press release. This filing serves as notification to investors and the market that the detailed earnings information is now publicly accessible. The attached Exhibit 99 contains the full earnings release, which is incorporated by reference into this report, providing the substantive financial data for the period. Investors should refer to the Exhibit 99 earnings release for comprehensive details on ADP's financial performance, including revenue, profitability, segment performance, and any forward-looking guidance. This 8-K itself is a procedural filing confirming the availability of these results, rather than containing the detailed financial figures directly within the report. The key takeaway for investors is the timing of the earnings disclosure and the location of the complete financial results.
AUTOMATIC DATA PROCESSING INC 8-K Report, Material Agreement (Jul 1, 2022)
Automatic Data Processing, Inc. (ADP) has entered into a new $3.75 billion 364-Day Credit Agreement, effective July 1, 2022. This new facility replaces a similar prior agreement and provides ADP with flexible borrowing options, including a competitive advance and a revolving credit facility. The agreement is backed by a syndicate of major financial institutions, with JPMorgan Chase Bank, N.A. serving as the Administrative Agent. The primary purpose of this credit facility is to support ADP's general corporate purposes, ensuring continued operational flexibility and financial robustness. The terms of the new agreement are largely consistent with its predecessor, featuring customary covenants and events of default. This strategic move underscores ADP's commitment to maintaining strong liquidity and readily available credit to manage its business operations and potential future needs.
AUTOMATIC DATA PROCESSING INC 8-K Report, Material Agreement (Jun 8, 2022)
Automatic Data Processing, Inc. (ADP) filed an 8-K on June 7, 2022, to disclose an amendment to its 364-Day Credit Agreement originally dated June 9, 2021. The primary change detailed in this filing is the extension of the termination date for "Consenting Lenders" to July 1, 2022. This amendment is a routine financial maneuver, indicating the company is managing its credit facilities to ensure continued access to liquidity and operational flexibility. Investors should view this as a proactive step in financial management rather than a material change in the company's overall financial health or strategic direction. While the specifics of the agreement are not fully detailed in the 8-K summary, the extension of a credit agreement typically suggests that ADP is maintaining its banking relationships and ensuring it has adequate borrowing capacity available. The focus on "Consenting Lenders" implies that not all lenders may have agreed to the extension, which is not uncommon in such agreements, but the key takeaway is that the core credit facility remains in place with updated terms. Investors should monitor future filings for any further developments or changes to their capital structure.
AUTOMATIC DATA PROCESSING INC Quarterly Report for Q3 Ended Mar 31, 2022
Automatic Data Processing, Inc. (ADP) reported solid financial results for the nine months ended March 31, 2022, with total revenues increasing by 10% to $12.37 billion and net earnings growing by 13% to $2.32 billion. The company demonstrated strong operational execution across its Employer Services and PEO Services segments, driven by client retention, new business bookings, and an increase in average worksite employees for PEO services. Key financial highlights include a 10% year-over-year revenue growth and a 13% increase in diluted Earnings Per Share (EPS) to $5.51 for the nine-month period. Management emphasized the company's robust business model, characterized by significant cash flows and low capital intensity, enabling consistent dividend payments and share repurchases. ADP also highlighted strategic investments in enhancing its Human Capital Management (HCM) technology, including the rollout of a unified user experience and advancements in its data analytics capabilities, positioning the company for continued growth in a dynamic market.
AUTOMATIC DATA PROCESSING INC 8-K Report, Financial Results (Apr 27, 2022)
Automatic Data Processing Inc. (ADP) filed an 8-K on April 27, 2022, primarily to report its financial results for the third quarter ended March 31, 2022. The company issued a press release on April 27, 2022, announcing these results, which are made available through an earnings release on their website and incorporated by reference into the filing via Exhibit 99. Investors should refer to the earnings release for detailed financial performance, operational updates, and forward-looking statements for the period. While this 8-K itself does not contain the specific financial figures, it serves as the official notification that the Q3 2022 earnings release is available. Investors seeking to understand ADP's performance for the quarter, including revenue, earnings per share, profitability metrics, and any guidance provided, will need to consult the referenced Exhibit 99. This filing is crucial for staying informed about the company's financial health and strategic direction as of late April 2022.