ADP Raises Fiscal 2026 Outlook After Q3 Beat with $5.94B Revenue
ADP reported fiscal third-quarter net income of $1.36 billion with adjusted EPS of $3.37 on revenue of $5.94 billion, beating consensus by $0.09 and $80 million respectively. ADP subsequently raised its fiscal 2026 revenue and earnings outlook and will host an April 29 webcast to review results.
1. Third-Quarter Financial Results
ADP delivered net income of $1.36 billion and adjusted EPS of $3.37 for the third quarter, topping the $3.28 consensus estimate. Revenue climbed to $5.94 billion, surpassing the $5.86 billion forecast by approximately $80 million.
2. Fiscal 2026 Outlook Revision
In response to the stronger-than-expected Q3 performance, ADP raised its full-year fiscal 2026 revenue and earnings guidance, signaling confidence in sustained growth across its HR and payroll solutions segments.
3. Share Price Trends
Despite the latest beat and guidance lift, ADP shares have declined 23% year to date and 32% over the past 12 months, underperforming the broader market.
4. Investor Webcast Details
ADP will host a live webcast on April 29 at 8:30 a.m. ET to discuss Q3 results and updated outlook, with a slide presentation available on the company’s investor website.