ADP (NASDAQ: ADP) Reports 92.1% Client Retention and Q3 Growth
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowADP (NASDAQ: ADP) achieved a record 92.1% client retention in FY26 and a 7% increase in Employer Services revenue during Q3 FY26, with segment margins expanding by 130 basis points to 41.1%. The company generated $403.9 million in interest income from client payroll funds, a 14% year-over-year increase, with average client balances of $48.3 billion. Full-year FY26 client fund interest guidance was raised to between $1.340 billion and $1.350 billion. ADP's long history of dividend increases, now over 50 years, bolsters its reputation as a reliable investment.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Automatic Data Processing (ADP)
Automatic Data Processing is a leading provider of payroll and human-capital-management services.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
Earlier ADP news
- S&P 500 (SPY) closes above 7600, major indexes reach record highs
- General Dynamics (GD), ADP Gain Pre-Market; SoFi Technologies (SOFI) Drops
- ADP Maintains Buy Rating with $270 Price Target Amid Growth Potential
- ADP Reports 62,000 Job Growth for Private Sector in March 2023
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
