ADP announced its fiscal third-quarter 2025 results, reporting net income of $1.25 billion, or $3.06 per share. These earnings exceeded Wall Street expectations, which had an average estimate of $2.96 per share from analysts.
The company posted total revenues of $5.55 billion for the period, also surpassing Street forecasts of $5.49 billion. This represents a 6% year-over-year growth in total revenues, driven by new business bookings, strong client retention, and increased client funds interest.
EBIT for Q3 FY25 increased by 5% to $1,621.9 million, with an EBIT margin of 29.2%. The Employer Services segment saw a 5% revenue increase, while the PEO Services segment grew 7%, supported by higher wages and strong retention.
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