Automatic Data Processing Inc

ADP

Equity

ISIN US0530151036 / Valor 910042

NASDAQ (2024-11-21)

USD 304.57+2.00%

Automatic Data Processing Inc
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About company

Automatic Data Processing Inc (ADP) is a leading provider of secure, integrated payroll and Human Capital Management (HCM) solutions for enterprise organizations with 1,000+ employees. With over 70 years of experience, ADP helps businesses optimize their people and processes through its innovative technology and services. ADP's solutions streamline payroll processes, manage employee benefits, and enhance overall workforce management efficiency for large organizations.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Automatic Data Processing Inc. (ADP) reported a 7% increase in revenues for the fiscal year 2024, reaching $19.2 billion. This growth includes a 6% increase on an organic constant currency basis. For the fourth quarter alone, revenues rose by 6% to $4.8 billion, also reflecting a 7% increase on an organic constant currency basis.

Net Earnings

ADP's net earnings for the fiscal year 2024 increased by 10% to $3.8 billion. Adjusted net earnings also saw an 11% rise, reaching $3.8 billion. In the fourth quarter, net earnings grew by 7% to $829 million, while adjusted net earnings increased by 10% to $858 million.

Adjusted EBIT

For the fiscal year 2024, ADP's adjusted EBIT increased by 9% to $4.9 billion, resulting in an adjusted EBIT margin expansion of 70 basis points to 25.5%. In the fourth quarter, adjusted EBIT rose by 10% to $1.1 billion, with an adjusted EBIT margin increase of 80 basis points to 23.3%.

Diluted EPS

ADP reported an 11% increase in diluted earnings per share (EPS) for the fiscal year 2024, reaching $9.10. Adjusted diluted EPS grew by 12% to $9.18. In the fourth quarter, diluted EPS increased by 8% to $2.02, while adjusted diluted EPS saw an 11% rise to $2.09.

Fiscal 2025 Outlook

For fiscal 2025, ADP anticipates revenue growth of 5% to 6%, with adjusted EBIT margin expansion of 60 to 80 basis points. The company also expects adjusted diluted EPS growth of 8% to 10%. Employer Services new business bookings are projected to grow by 4% to 7%, while PEO Services revenue is expected to increase by 4% to 6%.

Summarized from source with an LLMView Source

Key figures

31.7%1Y

28.0%3Y

79.3%5Y

Performance

14.7%1Y

22.3%3Y

27.9%5Y

Volatility