The company said total revenues rose 7% for the 3 months ended September 30, 2024, on both a reported and organic constant currency basis. It said pays per control grew 2% over the same period, and PEO average worksite employees increased 3%.

1. 01

   The company said total revenues rose 7% for the 3 months ended September 30, 2024, on both a reported and organic constant currency basis. It said pays per control grew 2% over the same period, and PEO average worksite employees increased 3%.

2. 02

   Automatic Data Processing said diluted EPS grew 13% to $2.34 and adjusted diluted EPS grew 12% to $2.33 for the 3 months. It also said EBIT margin expanded 140 basis points and adjusted EBIT margin expanded 130 basis points.

3. 03

   The company said interest on funds held for clients included in total revenues for the 3 months was $253.3 million, up from $201.7 million a year earlier. It said the average interest rate rose from 2.6% to 3.1%, and the average client funds balance increased 5.3% to $32.8 billion.

4. 04

   ADP said it returned a total of $940M to shareholders over the 3 months, including $570M in dividends and $370M in share repurchases. The company said commercial paper outstanding was $4.4 billion as of September 30, 2024, and it was repaid in early October 2024.

Key figures

Quarter ended September 30, 2024

Revenue

$4.8B

Net income

$956M

EPS

$2.34

Operating cash flow

$824M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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