← All forecasts · October 26–30

ADP / Q1 FY2027 (FQ1 2027 - Sep 2026)

Automatic Data Processing, Inc.

Reported: Oct 28, 2026

Forecast published

Opus 5.5 High in Shortcut

Shortcut

2.79

Normalized diluted EPS

+0.7% vs Street

Off by $0.03 per share

Street

2.77

Normalized diluted EPS

October 25 consensus snapshot

Off by $0.05 per share

Real

2.82

Issuer adjusted diluted EPS

Shortcut win

Reported result · Oct 28 ↗ · ADP fiscal Q1 2027 release reports adjusted diluted EPS $2.82 and GAAP diluted EPS $2.83 for September 30, 2026.

USD per diluted common share. Comparisons use unrounded estimates.

Model download

Explore the assumptions and calculations behind the forecast.

Open in Shortcut ↗Download XLSX ↓

Shortcut’s reasoning.

FY27 guide (29-Jul-26): revenue +5-6%, adj. EBIT margin +70-90bp, adj. EPS +9-11%; ADP finished FY26 at/above the top of every guide and beat normalized consensus in all six consensus quarters by $0.03-0.09.

ES fee revenue built by type (HCM +4.3%, HRO +5.5%, Global +4.0%): PPC 0.5%, price ~1.3pt, ~-0.4pt FX (EUR/USD 3Q26 1.148 vs ~1.168), WorkForce Software acquisition lapped.

Client funds interest $327M (+14%): average balances +5% (4Q26 exit +8% vs +3-4% guide) at a 3.57% yield; Fed hiked 25bp on 16-Sep-26; net client-funds impact +25% as financing costs fell y/y.

On the record.

Reporting period
Q1 FY2027 (FQ1 2027 - Sep 2026)
Reporting basis
Normalized (issuer adjusted) diluted EPS
Consensus snapshot
October 25, 2026
Model / effort
Opus 5.5 · High effort
Workbook
Reviewed workbook
Record history
Forecast generated
Oct 26, 2026 at 12:16 AM PDT
Reviewed revision completed
Oct 26, 2026 at 12:16 AM PDT
First published
Oct 26, 2026 at 3:10 AM PDT
Result basis

ADP fiscal Q1 2027 release reports adjusted diluted EPS $2.82 and GAAP diluted EPS $2.83 for September 30, 2026. The existing published issuer-adjusted convention is retained; USD per diluted common share.