Professional Services
ADP achieved strong fiscal 2026 results with 7% reported revenue growth and 10% EPS growth, driven by HCM innovation and higher client funds interest, while returning $4.7 billion to shareholders.
Key risk: PEO Co-Employment and Benefit Plan Compliance Risk
As a co-employer and Certified PEO, ADP bears employer liabilities for worksite employees, including wage, tax, and benefit obligations. Clients may fail to remit required funds, especially during financial disruptions, and changes in ERISA or other regulations could force modifications to the PEO business model, potentially resulting in significant costs or fines.
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