Free · no account · quoted from the filing

What changed in ADP's 10-Q

Source: 10-Q filed 2026-04-30 · compared against 10-Q 2026-01-29. Every passage below is quoted verbatim from the filing itself.

Risk factors

This filing

including as a result of artificial intelligence

Margins

This filing

Earnings before income taxes margin expansion of 50 bps

Shareholder returns

This filing

Cash returned via shareholder friendly actions of $3.4B

Operations

This filing

our clients have seen meaningful time savings for each payroll processed

Revenue

This filing

Revenue growth of 7% to $16,473.6 million

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel, plus 1 further change without a quotable passage — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.