ADP Filings — Automatic Data Processing Inc - FilingSpy
ADP
Automatic Data Processing Inc
A maker of payroll and human-resources software, ADP runs platforms like RUN Powered by ADP for small businesses, ADP Workforce Now for mid-size and large firms, and ADP Lyric HCM for global enterprises, plus co-employment services through ADP TotalSource. It was founded in 1949 in Paterson, New Jersey, as Automatic Payrolls, Inc., and renamed itself Automatic Data Processing in 1958 after switching from manual bookkeeping to punched-card machines and mainframe computers. Fun fact: despite the "automatic" in its original name, the early work was done by hand with calculators and mechanical bookkeeping machines.
ADP reports fiscal 2026 revenue of $21.9B, up 7%, and provides fiscal 2027 outlook
Fourth quarter revenues increased 7% to $5.5 billion; full-year revenues increased 7% to $21.9 billion.
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Full-year net earnings increased 8% to $4.4 billion; adjusted net earnings increased 10% to $4.5 billion.
Full-year diluted EPS increased 10% to $10.94; adjusted diluted EPS increased 11% to $11.12.
Fiscal 2027 outlook: revenue growth of 5% to 6%, adjusted EBIT margin expansion of 70 to 90 basis points, and adjusted diluted EPS growth of 9% to 11%.
Employer Services new business bookings increased 6% to $2.2 billion for the fiscal year.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
ADP enters $9.2B in new credit facilities, replacing prior agreements
On June 26, 2026, Automatic Data Processing, Inc. entered into a $5.7 billion 364-Day Credit Agreement and a $3.5 billion Five-Year Credit Agreement.
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The new facilities replace ADP's prior $4.55 billion 364-day facility (June 2025) and $3.5 billion five-year facility (June 2024), both terminated on June 26, 2026.
The Five-Year Facility includes an accordion feature allowing an increase of up to $500 million, for a total of $4 billion.
The 364-Day Facility matures on June 25, 2027 (with an option to extend to June 25, 2028), and the Five-Year Facility matures on June 26, 2031.
Borrowings under the new facilities may be used for general corporate purposes, and ADP will guarantee obligations of borrowing subsidiaries.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
On May 4, 2026, ADP entered into an underwriting agreement with BNP Paribas Securities Corp., BofA Securities, Inc., and J.P. Morgan Securities LLC to sell $1,000,000,000 aggregate principal amount of 5.000% senior notes due 2036.
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The notes were issued on May 7, 2026 under an indenture with U.S. Bank Trust Company, National Association, as trustee, supplemented by a Fifth Supplemental Indenture.
The offering was registered under a Form S-3 registration statement (File No. 333-281920) and made pursuant to a prospectus dated September 4, 2024 and a prospectus supplement dated May 4, 2026.
Davis Polk & Wardwell LLP provided a legal opinion on the notes' legality, filed as Exhibit 5.1.
1.01 Entry into a Material Definitive Agreement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
ADP stockholders elect 12 directors and approve executive compensation and Deloitte ratification at 2025 annual meeting
Automatic Data Processing, Inc. held its Annual Meeting of Stockholders on November 12, 2025, with 354,117,857 shares present in person or by proxy.
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All 12 director nominees were elected, with vote counts ranging from 293,098,593 (Sandra S. Wijnberg) to 312,478,729 (Karen S. Lynch) in favor.
The advisory vote on executive compensation was approved with 286,181,654 votes for, 25,643,400 against, and 1,503,321 abstentions.
The ratification of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year beginning July 1, 2025 was approved with 327,635,933 votes for, 25,862,542 against, and 619,382 abstentions.
The report was filed under Item 5.07 to disclose the final voting results of the matters submitted to a vote of security holders.
5.07 Submission of Matters to a Vote of Security Holders
ADP reports fiscal 2025 revenue up 7% to $20.6B, provides fiscal 2026 outlook
Fourth quarter revenues increased 8% to $5.1 billion; full-year revenues increased 7% to $20.6 billion.
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Full-year net earnings increased 9% to $4.1 billion; adjusted diluted EPS increased 9% to $10.01.
Employer Services new business bookings increased 3% to $2.1 billion for the fiscal year.
Fiscal 2026 outlook: revenue growth of 5% to 6%, adjusted EBIT margin expansion of 50 to 70 basis points, and adjusted diluted EPS growth of 8% to 10%.
PEO Services average worksite employees increased 3% to about 748,000 for the fiscal year.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits