earnings
confidence high
sentiment positive
materiality 0.72
ADP reports FY2022 revenue up 10% to $16.5B, EPS $7.00; guides FY2023 EPS growth 13-16%
AUTOMATIC DATA PROCESSING INC
2022-FY EPS reported
$7.00
revenue$16,498,300,000
- FY2022 revenue $16.5B (+10%), net earnings $2.9B (+13%), diluted EPS $7.00 (+15%).
- Q4 revenue $4.1B (+10%), diluted EPS $1.50 (+19%), adjusted EPS $1.50 (+25%).
- Employer Services new business bookings up 15% to $1.7B for FY2022.
- FY2023 guidance: revenue growth 7-9%, adjusted EBIT margin expansion 100-125 bps, adjusted EPS growth 13-16%.
- Adjusted EBIT margin improved 90 bps to 23.5% for FY2022.