Automatic Data Processing (ADP)

ADP's price is sitting about a quarter above where it was a year ago.

What is going on right now?

The stock has climbed quickly and recently, trading well above its typical range over the past several months. Trading activity has also picked up compared to the recent average.

How is the business itself doing?

ADP handles payroll and human resources software for companies, serving around 67,000 employees internally. Its revenue grew about 7% and earnings grew close to 10%, with a profit margin of roughly one dollar kept for every five earned.

What stands out?

The company turns a very high share of what it earns back into profit relative to what it owns, at about 72%. That's unusually efficient for a software company of its size.

What comes next?

ADP's next earnings report is scheduled for October 28, 2026, and it will be the first to reflect a full quarter during the current broader tech earnings cycle.