ADP Closes at $305.44 as Dividend Announcement Remains Unverified
Key Facts
Automatic Data Processing (ADP) shares closed at $305.44 on November 10, 2026, according to EL7 daily data. The close comes amid a November 11 report of an alleged dividend increase, but the details of the increase, its amount and the payment and record dates could not be verified through a reliable public source. The increase rate and dividend amount therefore cannot be confirmed as an announcement. The company’s quarterly results filed with the U.S. Securities and Exchange Commission provide context on business growth and dividends paid during the quarter. The stock had also risen 1.12% in the November 10 session, according to Investing.com.
In the first quarter of fiscal 2027, which ended on September 30, 2026, ADP revenue rose 6% to $5,490.7 million, with constant-currency organic growth also at 6%, according to its quarterly report filed with the Securities and Exchange Commission. The company attributed revenue growth to new business from new bookings, strong client retention and pricing increases. It added that higher interest earned on client funds contributed $42.5 million to revenue growth. These factors link business growth to multiple operating sources, including winning and retaining business, as well as income on balances held on behalf of clients. The available information did not include a market estimate for revenue this quarter.
Revenue growth was reflected in per-share earnings: diluted earnings per share rose 14% to $2.83, while adjusted diluted earnings per share increased 13% to $2.82 in the quarter ended September 30, according to the same report. These figures distinguish the reported diluted earnings measure from the adjusted measure the company uses to present its results. ADP also returned $1.5 billion to shareholders during the first quarter of fiscal 2027, including $0.7 billion in dividends and $0.8 billion in share repurchases. This spending provides a picture of shareholder returns in the quarter, but does not in itself confirm a new dividend increase or its payment terms.
Interest income on client funds was one of the factors the company cited in explaining revenue growth. The average balance of those funds rose 5.7% to $36.9 billion in the first quarter of fiscal 2027 compared with the same quarter a year earlier. The average yield earned on the balances also increased to 3.6% from 3.3%, according to the report filed with the SEC. The balance grew as the yield rose, while the company said interest earned on client funds increased $42.5 million. This places interest income in the context of quarterly results alongside new bookings, client retention and pricing. The available information did not specify how much each factor contributed to overall revenue growth.
On October 28, 2026, ADP raised its fiscal 2027 revenue growth outlook to about 6%, from a previous range of 5%-6%, according to its first-quarter results release filed with the SEC. It also raised its adjusted diluted earnings per share growth outlook to 10%-12%, compared with the 9%-11% range in its July 29, 2026, outlook. The update lifted the expected range for adjusted earnings growth above the previous estimate, while shifting the revenue outlook from a range to a rate of about 6%. Chief Executive Maria Black said the company entered the remainder of fiscal 2027 "well positioned to build on our current momentum." The updated financial guidance places first-quarter results in the context of the current fiscal year, without confirming the dividend details in the November 11 report.