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Sep 30, 2021
ADP Q1 2022 Earnings Report
ADP's Q1 2022 financial results were announced, demonstrating revenue growth and increased profitability.
Key Takeaways
ADP reported a strong start to fiscal year 2022, with revenues increasing by 10% to $3.8 billion. Net earnings and adjusted net earnings both increased by 16% to $701 million and $699 million, respectively. The company raised its full-year guidance for new business bookings, revenue retention, average worksite employees, revenue, adjusted EBIT margin, and adjusted diluted EPS.
Revenues increased 10% to $3.8 billion.
Net earnings increased 16% to $701 million.
Adjusted EBIT increased 17% to $915 million.
Diluted EPS increased 18% to $1.65.
ADP
ADP
ADP Revenue by Segment
Revenue by Segment
Employer Services Revenue
CapyFin.comPEO Services Revenue
CapyFin.com Forward Guidance
ADP provided its fiscal year 2022 outlook, including revenue growth of 7% to 8% and adjusted diluted EPS growth of 11% to 13%.
Positive Outlook
- Revenue growth of 7% to 8%
- Adjusted EBIT margin expansion of 50 to 75 basis points
- Adjusted effective tax rate of approximately 22.5%
- Diluted EPS growth of 10% to 12%
- Adjusted diluted EPS growth of 11% to 13%
Revenue & Expenses
Visualization of income flow from segment revenue to net income