Loading...
•
Dec 31, 2021
ADP Q2 2022 Earnings Report
ADP's Q2 2022 financial results were reported, showing revenue growth and increased earnings per share.
Key Takeaways
ADP reported a 9% increase in revenues to $4.0 billion compared to the previous year's second quarter. Net earnings increased by 7% to $694 million, with diluted earnings per share increasing by 9% to $1.65. The company also raised its fiscal year 2022 guidance, reflecting strong momentum across the business.
Revenues increased 9% compared to last year's second quarter to $4.0 billion.
Net earnings increased 7% to $694 million, and adjusted net earnings increased 7% to $697 million.
Diluted earnings per share increased 9% to $1.65; adjusted diluted EPS increased 9% to $1.65.
Fiscal 2022 guidance increased as strong momentum continues across the business.
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 8% to 9% and adjusted diluted EPS growth of 12% to 14%.
Positive Outlook
- Revenue growth of 8% to 9%.
- Adjusted EBIT margin expansion of 50 to 75 basis points.
- Adjusted effective tax rate of approximately 22.5%.
- Diluted EPS growth of 11% to 13%.
- Adjusted diluted EPS growth of 12% to 14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income