earnings
confidence high
sentiment positive
materiality 0.75
ADP Q2 FY2022 revenue $4.0B (+9%); EPS $1.65 (+9%); raises full-year guidance
AUTOMATIC DATA PROCESSING INC
2022-Q2 EPS reported
$3.30
revenue$7,857,700,000
- Revenue $4.0B, up 9% YoY; 9% organic constant currency; PEO results particularly strong.
- Net earnings $694M (+7%); adjusted net earnings $697M (+7%); adjusted EBIT $930M (+10%).
- Diluted EPS $1.65 (+9%); adjusted diluted EPS also $1.65 (+9%); tax rate 23.7%.
- Adjusted EBIT margin increased 20 bps to 23.1% despite higher implementation and service costs.
- Fiscal 2022 guidance raised for revenue retention, average worksite employees, revenue, and adjusted EPS.