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Extra Everything: The Story of Chipotle
Chipotle's story from a single restaurant to a nationwide chain, through crisis and turnaround, built on one of the strongest models in the industry.
Automatic Data Processing
Automatic Data Processing (ADP) investor relations material
Automatic Data Processing Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary29 Jul, 2026
Executive summary
Achieved 7% revenue growth and 11% adjusted diluted EPS growth for fiscal 2026, with strong client retention at 92.1% and record-high client satisfaction for the third consecutive year.
Employer Services new business bookings grew 6% to $2.2 billion, with broad-based growth across small business, HR outsourcing, enterprise, and international segments.
Retirement Services surpassed $1 billion in annual revenue, serving over 210,000 clients.
Strategic progress included a 94% increase in clients live on Lyric HCM and accelerated international bookings for global payroll and HR solutions.
Continued strong demand for PEO and outsourcing solutions amid a complex regulatory environment, with a strategic focus on embedding AI across products and operations.
Financial highlights
Fiscal 2026 total revenues rose 7% year-over-year to $21.95B, with Q4 revenues up 7% to $5.5B.
Adjusted EBIT margin expanded 80 bps for the year and 140 bps in Q4; adjusted EBIT grew 10% to $5.9B.
Adjusted diluted EPS grew 11% year-over-year to $11.12; Q4 adjusted diluted EPS up 17% to $2.64.
Employer Services Q4 revenue up 7% to $3.70B, margin up 90 bps in Q4 and 60 bps for the year.
PEO Q4 revenue up 7% to $1.78B, with average worksite employees up 2%; PEO margins contracted 110 bps for the year due to higher pass-through revenues and costs.
Outlook and guidance
Fiscal 2027 consolidated revenue expected to grow 5–6%, with adjusted EBIT margin expanding 70–90 bps and adjusted diluted EPS up 9–11%.
Employer Services revenue growth projected at 5–6%, new business bookings up 4–7%, and client revenue retention to remain above 92%.
PEO Services revenue expected to grow 5–7%, with average worksite employees up ~2% and margins expected to contract further due to pass-through revenue growth.
Client funds interest revenue forecasted at $1.54–$1.56B, with average client funds balances up 3–4% and yields rising to ~3.7%.
ES pays per control outlook for flat to 1% growth in FY 2027.
Drivers of the 110 bps PEO margin contraction
Explain AI's impact on sales team productivity
Reasons for projected ES retention decrease
The Zone's role in future margin expansion
Lyric win rates against legacy competitors
Sustainability of 130 bps pricing tailwind
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Latest events from Automatic Data Processing
- Targets 6%-7% revenue growth and 11%-13% shareholder return, driven by AI and global scale.ADP
Investor Day 20259 Jul 2026 - Stable demand, resilient employment, and AI-driven innovation support growth and retention.ADP53rd Annual Nasdaq Investor Conference8 Jul 2026
- Stable demand, early AI gains, and strong retention support growth and margin expansion.ADPTD Cowen's 54th Annual Technology, Media & Telecom Conference28 May 2026
- AI-driven innovation and stable growth underpin strong retention and expanding market reach.ADPJ.P. Morgan 54th Annual Global Technology, Media and Communications Conference21 May 2026
- Global HCM leader with $21B revenue, strong AI innovation, and top-tier governance.ADPInvestor presentation4 May 2026
- Q3 FY26 saw 7% revenue and 10% EPS growth, raised guidance, and $3.4B returned to shareholders.ADPQ3 202630 Apr 2026
- Strong FY25 results, global scale, innovation, and disciplined growth drive robust shareholder returns.ADPInvestor presentation22 Apr 2026
- Q2 revenue and EPS rose, guidance increased, and $6B buyback and 10% dividend hike announced.ADPQ2 202615 Apr 2026
- Double-digit EPS growth in FY24 and strong FY25 outlook driven by innovation and retention.ADPQ4 20242 Feb 2026
Next Automatic Data Processing earnings date
Q1 202728 Oct, 2026
Automatic Data Processing
Next Automatic Data Processing earnings date
Q1 202728 Oct, 2026
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Eferix Drawings Google Play
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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