ADP Q2 Earnings: Revenue And EPS Beat, Record Client Satisfaction and Strong HCM Demand, Reaffirms FY25 Outlook
1. ADP's fiscal Q2 revenue reached $5.05 billion, surpassing estimates. 2. Revenues increased 8% YoY with adjusted EPS of $2.35, beating expectations. 3. Employer and PEO Services revenues both grew 8%, reflecting strong demand. 4. ADP's adjusted EBIT rose 11%, indicating improved operational efficiency. 5. FY25 outlook for revenue growth remains strong at 6%-7%, aligning with consensus.