---
schema_version: "secwatch.filing_event.v1"
accession: "0000008670-23-000019"
form_type: "8-K"
ticker: "ADP"
cik: "0000008670"
company_name: "AUTOMATIC DATA PROCESSING INC"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:35:56.564216+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ADP Q4 beat: revenue $4.5B (+8%), EPS $1.87 (+25%); FY2023 $18B (+9%), FY2024 guidance positive

## Summary
- Q4 revenue $4.5B (+8% YoY, +9% organic constant currency); adjusted diluted EPS $1.89 (+26%).
- FY2023 revenue $18.0B (+9%); net earnings $3.4B (+16%); adjusted diluted EPS $8.23 (+17%).
- Employer Services new business bookings rose 10% to $1.9B; retention at record level.
- Adjusted EBIT margin FY2023 24.8% (+130 bps); Q4 margin 22.5% (+270 bps).
- FY2024 outlook: revenue growth 6-7%, adjusted EBIT margin up 60-80 bps, adjusted EPS growth 10-12%.

## SEC filing metadata
- accession: 0000008670-23-000019
- form_type: 8-K
- ticker: ADP
- cik: 0000008670
- company_name: AUTOMATIC DATA PROCESSING INC
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8670/000000867023000019/0000008670-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8670/000000867023000019/adp-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008670-23-000019
- JSON: https://secwatch.observer/filing/0000008670-23-000019.json
- Plain text: https://secwatch.observer/filing/0000008670-23-000019.txt

## Key facts
- Earnings Releases
  AUTOMATIC DATA PROCESSING INC reported Fiscal 2024 outlook results: revenue 6% to 7%, EPS 10% to 12%. Guidance initiated.
  - Period: Fiscal 2024 outlook
  - Revenue: 6% to 7%
  - EPS: 10% to 12%
  - Guidance: initiated
  - Result: guidance update
  source text: Fiscal 2024 consolidated outlook includes revenue growth of 6% to 7%, adjusted EBIT margin expansion of 60 to 80 basis points, and adjusted diluted EPS growth of 10% to 12%
  evidence_url: https://www.sec.gov/Archives/edgar/data/8670/000000867023000019/0000008670-23-000019-index.htm
- Earnings Releases
  AUTOMATIC DATA PROCESSING INC reported fourth quarter and fiscal year ended June 30, 2023 results: revenue $18.0 billion, net income $3.4 billion, EPS $8.21.
  - Period: fourth quarter and fiscal year ended June 30, 2023
  - Revenue: $18.0 billion
  - Net income: $3.4 billion
  - EPS: $8.21
  - Result: reported results
  source text: Revenues increased 9% to $18.0 billion for the year; 10% organic constant currency
  evidence_url: https://www.sec.gov/Archives/edgar/data/8670/000000867023000019/0000008670-23-000019-index.htm
- Earnings Releases
  AUTOMATIC DATA PROCESSING INC reported fourth quarter ended June 30, 2023 results: revenue $4.5 billion, net income $777 million, EPS $1.87.
  - Period: fourth quarter ended June 30, 2023
  - Revenue: $4.5 billion
  - Net income: $777 million
  - EPS: $1.87
  - Result: reported results
  source text: Fourth Quarter and Fiscal 2023 Consolidated Results Compared to last year’s fourth quarter, revenues increased 8% to $4.5 billion and 9% on an organic constant currency basis. Net earnings increased 24% to $777 million, and adjusted net earnings increased 25% to $781 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8670/000000867023000019/0000008670-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.