ADP reported first quarter fiscal 2026 results with revenues increasing 7.0% compared to the previous year's first quarter, reaching $5.2 billion. Net earnings rose 6.0% to $1.0 billion, while adjusted net earnings also grew 6.0% to $1.0 billion. Adjusted EBIT increased 7.0% to $1.3 billion, with the adjusted EBIT margin remaining flat at 25.5%. Diluted earnings per share increased 6.0% to $2.49, and adjusted diluted EPS grew 7.0% to $2.49. The company's effective tax rate for the quarter was 22.5% on both a reported and adjusted basis. Employer Services revenues rose 7.0% on a reported basis and 5.0% on an organic constant currency basis, while U.S. pays per control was approximately flat and the Employer Services segment margin decreased by 50 basis points. PEO Services revenues increased 7.0% compared to the prior year's first quarter. ADP maintained its fiscal 2026 consolidated outlook, forecasting revenue growth of 5.0% to 6.0%, adjusted EBIT margin expansion of 50 to 70 basis points, and adjusted diluted EPS growth of 8.0% to 10.0%. The company highlighted continued strategic investments in AI and technology, along with record client satisfaction and strong client revenue retention.