Payroll firm ADP beats quarterly revenue estimates on resilient demand

Automatic Data Processing

29/10/2025 12:34

Oct 29 (Reuters) - Automatic Data Processing ADP.O beat Wall Street expectations for first-quarter revenue on Wednesday, benefiting from strong spending by enterprise clients on its payroll and human resource software.

ADP's scale has helped it attract strong demand for its  software despite a slower labor market.

Separately, the company said it acquired compensation management software firm Pequity, as consolidation within the human capital management industry ramps up.

Shares of the company were down nearly 2% in premarket trading.

The company reported first-quarter revenue of $5.18 billion, beating estimates of $5.14 billion, according to data compiled by LSEG.

It reported first-quarter earnings per share of $2.49, compared with $2.34 a year ago.

 (Reporting by Zaheer Kachwala in Bengaluru; Editing by Sahal Muhammed)

 ((Zaheer.Kachwala@thomsonreuters.com;))