Automatic Data Processing Inc
ADP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|jN | LOCK|WbB^ | LOCK|Ht<>R^% |
ADP Earnings: Higher-Than-Expected Interest Revenue Buoys Top-Line Growth
ADP reported second-quarter revenue up 6% year over year to $5.4 billion, alongside a non-GAAP operating margin of 26.0%, up 80 basis points year over year. Management raised its fiscal 2026 guidance, citing higher-than-expected interest income and solid overall bookings momentum.
