Automatic Data Processing, Inc. · ADP · Next earnings

Automatic Data Processing, Inc. reports Wednesday, Oct 28, 2026

ADP reports before market open with consensus EPS at $2.78 and revenue at $5.47B. Last quarter: ADP Beats on Q3 Revenue and EPS, Raises FY2026 Guidance on AI and International Strength

Reports Before market open38 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $2.78 Calendar consensus
Consensus revenue $5.47B Calendar consensus
Report date Oct 28, 2026 Wednesday, date estimated
Session Before market open 38 days away

Where ADP left off: FY2026 Q3

Full report

ADP Beats on Q3 Revenue and EPS, Raises FY2026 Guidance on AI and International Strength

EPS surprise +2.1% Reported $3.37 vs $3.30
Revenue surprise +1.5% Reported $5.94B vs $5.85B
Stock move +8.0% Event window
Subsequent drift +2.2% Up to 20 sessions

Full-year FY2026 guidance was raised for the second consecutive quarter. Revenue growth is now expected at 6%-7%, up from approximately 6% previously. Adjusted EPS growth is now expected at 10%-11%, up from 9%-10%. Both the revenue and EPS ranges were lifted at both the low and high ends, reflecting stronger-than-expected Q3 performance and continued confidence in AI-driven productivity and international expansion.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Increasing regulatory complexity, including over 200 new U.S. HR compliance laws and the EU transparency directive, raises compliance costs and operational burden.
  • Potential FX headwinds could reduce revenue tailwinds in Q4.
  • Macro-economic uncertainty may dampen new business bookings and increase out-of-business client rates.
  • Intensifying competition in the HCM space, including from emerging AI-native providers.
  • Higher selling expenses and state unemployment insurance costs may pressure margins despite overall expansion.

Questions analysts left open

  • Whether Q4 bookings and retention can sustain the record levels achieved in Q3.
  • Impact of accelerating AI investments on R&D expense trends and the margin trajectory.
  • Competitive pressure from AI-native HCM providers potentially undercutting ADP's differentiation.
  • Margin pressure from higher selling expenses and SUI costs, even amid overall margin expansion.

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Recent ADP quarters

All ADP earnings
+8.0%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.