Automatic Data Processing, Inc. (ADP), a provider of cloud-based human capital management solutions, on Wednesday reported its higher net income in the third quarter compared with the previous year.
For the third quarter, net income increased to $1.36 billion from $1.25 billion in the previous year.
Earnings per share were $3.38 versus $3.06 last year.
Adjusted net income increased to $1.36 billion from $1.25 billion in the previous year.
Adjusted earnings per share were $3.37 versus $3.06 last year.
Adjusted EBIT rose to $1.79 billion from $1.63 billion in the prior year.
Revenue increased to $5.94 billion from $5.55 billion in the previous year.
Looking ahead, the company now expects growth of 6% to 7% compared to the previously expected growth of 6%
Earnings per share for the fiscal year 2026 is anticipated to grow 10% to 11%, from the previously expected growth of 9% to 10%.
Adjusted earnings per share is expected to grow 10% to 11%, from the previously expected growth of 9% to 10%.
In the pre-market trading, 4.06% higher at $207.25 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.