Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

Consolidated revenue growth
About 6%
Adjusted EBIT margin expansion
70 to 90 basis points
Adjusted EPS growth
10% to 12%
Employer Services revenue growth
About 6%
Average client funds balances growth
4% to 5%
Average yield on client funds portfolio
About 3.8%
Client funds interest revenue
$1.59 billion to $1.61 billion

Outlook

Hiring environment
Clients are continuing to hire at a steady pace, with unemployment remaining low.
AI deployment
The company expects to have 100% of its North American sellers deployed on the sales Zone by the end of the fiscal year.
FX impact
The company expects close to 0.5 point of FX headwind in fiscal 2027.
PEO segment
Total PEO revenues are expected to grow by 5% to 7%, with average worksite employee growth of about 2%.
Retention
The company maintains its forecast for a 10 to 30 basis point decline in full-year Employer Services retention.