Loading...
•
Dec 31, 2019
ADP Q2 2020 Earnings Report
ADP's Q2 fiscal 2020 earnings were reported, with revenue increasing by 5% and EPS increasing by 18%.
Key Takeaways
ADP reported a 5% increase in revenue to $3.7 billion and an 18% increase in diluted EPS to $1.50. The company's adjusted EBIT margin expanded by 70 basis points to 23.3%.
Revenues increased 5% to $3.7 billion; 6% organic constant currency
Employer Services New Business Bookings grew 3%
Net earnings increased 17% to $652 million, and adjusted net earnings increased 12% to $658 million
Diluted earnings per share increased 18% to $1.50 for the quarter, and adjusted diluted EPS increased 13% to $1.52
Revenue by Segment
Forward Guidance
ADP provided its fiscal year 2020 outlook, anticipating revenue growth of about 6% and adjusted diluted EPS growth of 12% to 14%.
Positive Outlook
- Revenue growth of about 6%
- Adjusted EBIT margin up 100 to 125 basis points
- Adjusted effective tax rate of 23.2%
- Diluted EPS growth of 14% to 16%
- Adjusted diluted EPS growth of 12% to 14%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...