ADP Raises The Bar After Q1 Earnings Surprise

Automatic Data Processing, Inc (NASDAQ:ADP) reported fiscal first-quarter 2025 revenues of $4.83 billion, beating the analyst consensus estimate of $4.77 billion. Revenues increased 7% year-over-year. 

The human resources management software company reported quarterly adjusted EPS of $2.33, beating the analyst consensus estimate of $2.21.

Employer Services revenues increased 7% to $3.26 billion.

PEO Services revenues increased 7% to $1.57 billion.

Adjusted EBIT increased 13% to $1.23 billion, and adjusted EBIT margin increased 130 bps to 25.5%.

Net earnings increased 11% Y/Y to $956.3 ...