Slide 1: ADP Earnings Call & Webcast Q2 Fiscal 2026
ADP Earnings Call & Webcast Q2 Fiscal 2026 January 28, 2026 Copyright © 2026 ADP, Inc.
Slide 2: Disclaimers
DISCLAIMERS FORWARD-LOOKING STATEMENTS This document and other written or oral statements made from time to time by ADP may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be i
Slide 3: Highlights and Perspectives
HIGHLIGHTS AND PERSPECTIVES STRONG Q2 FINANCIAL AND OPERATING PERFORMANCE: • 6% revenue growth and 11% adjusted diluted EPS1 growth • Solid and broad-based new business bookings growth • Company-wide client satisfaction scores reached new all-time high STRATEGIC PROGRESS: • Continued new business mo
Slide 4: Financial Highlights
Q2 FISCAL (Unaudited) 2026 FINANCIAL HIGHLIGHTS TOTAL REVENUES ADJUSTED EBIT1 ADJUSTED DILUTED EPS1 6% 10% 11% 5% Organic Constant Currency 1 Adjusted EBIT1 Margin 80 bps $1,393M $5,359M $1,272M $5,048M $2.62 $2.35 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 1. For a reconciliation of
Slide 5: Employer Services Segment Results
Q2 FISCAL (Unaudited) 2026 EMPLOYER SERVICES SEGMENT RESULTS ES REVENUES ES MARGIN FY26 ES OUTLOOK 6% 50 bps October 29, January 28, 5% Organic Constant Currency 1 2025 2026 Revenues 5 to 6% ~6% $3,388M $3,607M 35.4% ES New Business 34.9% 4 to 7% 4 to 7% Bookings Client Revenue (30) to (10)
Slide 6: PEO Services Segment Results
Q2 FISCAL (Unaudited) 2026 PEO SERVICES SEGMENT RESULTS PEO REVENUES PEO MARGIN FY26 PEO OUTLOOK 6% 70 bps October 29, January 28, 2025 2026 $1,663M $1,755M 15.1% 14.4% Revenues 5 to 7% 5 to 7% Revenues Ex ZMPT 3 to 5% 3 to 5% Average WSEs 2 to 3% ~2% Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 • Revenues
Slide 7: Fiscal 2026 Outlook
FISCAL 2026 OUTLOOK July 30, 2025 October 29, 2025 January 28, 2026 Fiscal 2025 Fiscal 2026 Fiscal 2026 Fiscal 2026 (unaudited) 1 1 1 Outlook Outlook Outlook Revenues $20,561M 5 to 6% 5 to 6% ~6% 2 Adj. EBIT Margin 26.0% 50 to 70 bps 50 to 70 bps 50 to 70 bps Total ADP 2 Adj. Effective Tax Rate 23.2
Slide 8: Appendix: Client Funds Investment Strategy Detail
APPENDIX: CLIENT FUNDS INVESTMENT STRATEGY DETAIL Average Balances ($) Average Rates Interest Income / (Expense) ($) January 28, 2026 January 28, 2026 January 28, 2026 Fiscal 2025 Fiscal 2025 Fiscal 2025 Fiscal 2026 Fiscal 2026 Fiscal 2026 (unaudited) 1 (unaudited) 1 (unaudited) 1 Outlook Outlook Ou