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Jun 30, 2021
ADP Q4 2021 Earnings Report
ADP announced fourth quarter and fiscal year 2021 results, demonstrating revenue and earnings growth, and provided fiscal 2022 outlook.
Key Takeaways
ADP reported an 11% increase in revenues for Q4 2021, reaching $3.7 billion. Net earnings increased by 31% to $538 million, and diluted EPS increased by 31% to $1.26.
Revenues increased 11% to $3.7 billion, with a 9% increase on an organic constant currency basis.
Net earnings increased 31% to $538 million.
Diluted EPS increased 31% to $1.26.
Employer Services new business bookings increased 174%.
ADP
ADP
ADP Revenue by Segment
Revenue by Segment
Employer Services Revenue
CapyFin.comPEO Services Revenue
CapyFin.com Forward Guidance
ADP provided its fiscal 2022 outlook, including revenue growth of 6% to 7% and adjusted diluted EPS growth of 9% to 11%.
Positive Outlook
- Revenue growth of 6% to 7%.
- Adjusted EBIT margin expansion of 25 to 50 basis points.
- Adjusted effective tax rate of approximately 22.5%.
- Diluted EPS growth of 8% to 10%.
- Adjusted diluted EPS growth of 9% to 11%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income