Q2 26 EPS
$2.62
BEAT +2.00%
Est. $2.57
Q2 26 Revenue
$5.36B
BEAT +0.39%
Est. $5.34B
vs S&P Since Q2 26
-18.5%
TRAILING MARKET
ADP -14.9% vs S&P +3.6%
Market Reaction
Did ADP Beat Earnings? Q2 2026 Results
Automatic Data Processing delivered a clean beat across the board in its fiscal second quarter of 2026, with earnings per share of $2.62 coming in 2.00% ahead of the $2.57 consensus estimate and revenue of $5.36 billion edging past forecasts by 0.39%… Read more Automatic Data Processing delivered a clean beat across the board in its fiscal second quarter of 2026, with earnings per share of $2.62 coming in 2.00% ahead of the $2.57 consensus estimate and revenue of $5.36 billion edging past forecasts by 0.39% on 6.2% year-over-year growth. The headline numbers were underpinned by broad momentum across both operating segments, with net earnings climbing 10% and adjusted EBIT margin expanding 80 basis points to 26.0%, while the client funds investment strategy added meaningful lift as interest on funds held for clients grew 13% to $308.60 million, supported by rising yields and a 6% increase in average client fund balances. The results arrive against a mixed backdrop for human capital management peers, with some smaller rivals flagging softer demand from cautious small and mid-sized businesses, making ADP's steady 1% growth in U.S. Pays per control a quietly reassuring data point. Management responded to the quarter's strength by tightening full-year guidance, now projecting revenue growth of approximately 6% and adjusted diluted EPS growth of 9% to 10%.
Key Takeaways
- • Employer Services revenue growth of 6% driven by new business bookings and client revenue retention
- • Interest on funds held for clients increased 13% to $309 million from higher balances and yields
- • U.S. pays per control increased 1%
- • Average worksite employees increased 2% to approximately 758,000
- • Average client funds balances increased 6% to $37.6 billion
- • Average interest yield on client funds increased 20 basis points to 3.3%
- • Net impact from client funds extended strategy increased 24% to $294.3 million
ADP YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
ADP Revenue by Segment
With YoY comparisons, source: SEC Filings
“ADP's strong second quarter results reflect the breadth of our innovative products, differentiated service, and exceptional experiences that we deliver for clients every day.”
— Maria Black, Q2 2026 Earnings Press Release
ADP Earnings Trends
ADP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ADP EPS Trend
Earnings per share: estimate vs actual
ADP Revenue Trend
Quarterly revenue: estimate vs actual
ADP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $3.37 | — | $5.94B | +1.55% |
| Q2 26 BEAT | $2.57 | $2.62 | +2.00% | $5.36B | +0.39% |
| Q1 26 BEAT | $2.44 | $2.49 | +1.94% | $5.18B | +0.81% |
| Q4 25 BEAT FY | $2.23 | $2.23 | +0.00% | $5.13B | +1.62% |
| FY Full Year | $9.98 | $9.98 | -0.01% | $20.56B | +0.40% |
| Q3 25 BEAT | $2.97 | $3.06 | +2.93% | $5.55B | +1.10% |