Automatic Data Processing (ADP) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and ADP published the results on October 28, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. ADP reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• ADP's fiscal year ends June 30, so the quarter ended September 30, 2026 is the first quarter of fiscal 2027.
• The Other row is intercompany eliminations and other items that ADP does not allocate to its two segments; it is what reconciles segment revenue to total revenue.

Source: ADP Q1 fiscal 2027 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How ADP splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• ADP's Employer Services revenue was $3.7 billion in Q1 fiscal 2027, up 6% from $3.5 billion in Q1 fiscal 2026, 67% of total revenue.
• ADP's PEO Services revenue was $1.8 billion in Q1 fiscal 2027, up 7% from $1.7 billion in Q1 fiscal 2026, 33% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

ADP raised its fiscal 2027 outlook for revenue growth and adjusted diluted EPS growth with these results. In July it had guided revenue growth of 5 to 6% and adjusted diluted EPS growth of 9 to 11%.

In its Q1 fiscal 2027 release, ADP said:

“Revenue growth of about 6%”

“Adjusted EBIT margin expansion of 70 to 90 basis points”

“Diluted EPS growth of 12% to 14%”

“Adjusted diluted EPS growth of 10% to 12%”

Source: ADP Q1 fiscal 2027 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ADP forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's earnings release. ADP's fiscal year ends June 30.

ADP's next report is expected around January 27, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Oct 28, 2026

ADP reports two segments. Employer Services, its payroll and HCM business, brought in $3,685.4 million of the $5,490.7 million total in Q1 fiscal 2027, up 6%. PEO Services, which provides employment administration outsourcing, brought in $1,808.1 million, up 7%. (ADP Q1 fiscal 2027 release, Oct 28, 2026)

By type of revenue, ADP's 10-Q shows HCM at $2,255.4 million, HR Outsourcing excluding PEO zero-margin benefits pass-throughs at $953.1 million, PEO zero-margin benefits pass-throughs at $1,228.6 million, Global Solutions at $724.3 million and interest on funds held for clients at $329.3 million. The pass-throughs carry no margin, and PEO revenue excluding them grew 4%. (ADP Form 10-Q, Q1 fiscal 2027, Oct 30, 2026; ADP Q1 fiscal 2027 release, Oct 28, 2026)

ADP attributes the increase in total revenue to new business started from new business bookings, strong client retention, higher pricing, an increase in zero-margin benefits pass-throughs of $97.6 million and an increase in interest on funds held for clients of $42.5 million. U.S. pays per control, ADP's same-store measure of employees on clients' payrolls, rose 2%, and average PEO worksite employees rose 2% to about 771,000. (ADP Form 10-Q, Q1 fiscal 2027, Oct 30, 2026; ADP Q1 fiscal 2027 release, Oct 28, 2026)

ADP also earns interest on the payroll money it holds for clients. Average client funds balances rose 6% to $36.9 billion and the average yield rose 30 basis points to 3.6%, lifting interest on funds held for clients 15% to $329 million. PEO revenues are reported net of pass-through payroll wages and taxes, which were $18,991.0 million in the quarter. (ADP Q1 fiscal 2027 release, Oct 28, 2026)

ADP serves more than 1.1 million clients, and in fiscal 2026 no single client or group of affiliated clients accounted for more than 2% of annual consolidated revenues. (ADP Form 10-K, fiscal 2026, Aug 5, 2026)

ADP's GAAP diluted EPS was $2.83 in Q1 fiscal 2027, up 14%, and adjusted diluted EPS was $2.82, up 13%. The only adjustment this quarter was a $2.9 million net gain on ADP Ventures' investments, worth $0.01 a share, which ADP excludes because those gains are variable and outside its control. (ADP Q1 fiscal 2027 release, Oct 28, 2026)

ADP's share count fell: diluted weighted average shares were 397.6 million, down 2% from 406.5 million. ADP repurchased 2.9 million shares in the quarter, against 1.2 million a year earlier, and paid $758.8 million for repurchases in its cash flow statement. (ADP Q1 fiscal 2027 release, Oct 28, 2026; ADP Form 10-Q, Q1 fiscal 2027, Oct 30, 2026)

ADP's effective tax rate was 22.7% on both a reported and an adjusted basis, against an adjusted 22.5% a year earlier. Adjusted EBIT rose 12% to $1,470.0 million and adjusted EBIT margin widened 130 basis points to 26.8%. (ADP Q1 fiscal 2027 release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

ADP gives a full-year outlook in its release and updates it each quarter. With Q1 fiscal 2027 it raised revenue growth to about 6% (from 5 to 6% in July) and adjusted diluted EPS growth to 10% to 12% (from 9 to 11%), and kept adjusted EBIT margin expansion at 70 to 90 basis points and an adjusted effective tax rate of approximately 23%. (ADP Q1 fiscal 2027 release, Oct 28, 2026)

By segment, ADP expects Employer Services revenue growth of about 6%, new business bookings growth of 4% to 7% and U.S. pays per control up about 1%, and PEO Services revenue growth of 5% to 7%. It expects interest on funds held for clients of $1.59 to $1.61 billion, on client funds balance growth of 4% to 5% and an average yield of approximately 3.8%. (ADP Q1 fiscal 2027 release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover ADP, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones ADP's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ADP is on is ADP a buy or a sell?, what analysts expect next is on the ADP forecast, and what the company does is on the Automatic Data Processing (ADP) stock page.

Every number on this page can be traced to a document ADP published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.