Slide 1: Investor Overview
INVESTOR OVERVIEW August 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: World's Largest HCM Organization
$22B FY26 revenue 1.1M+ 79M+ clients employee tax 42M+ employees paid statements processed IS THE WORLD’S LARGEST HCM ORGANIZATION 80%+ $3.5T 67K 140+ of Fortune 500 in client funds ADP associates Countries are clients moved in US and territories Data as of FY26 3 Copyright © 2026 ADP, Inc. 3
Slide 4: Supporting Every Client HCM Need
SUPPORTING EVERY CLIENT HCM NEED HR Payroll Time Benefits HRO Talent Compliance Retirement Copyright © 2026 ADP, Inc. 4
Slide 5: Supporting Every Client Size
SUPPORTING EVERY CLIENT SIZE Small Business Mid-Market Up-Market 1-49 Employees (EEs) 50-999 EEs 1,000+ EEs 5 Copyright © 2026 ADP, Inc.
Slide 6: Supporting Every Client Location
SUPPORTING EVERY CLIENT LOCATION 140+ Countries and Territories 6 Copyright © 2026 ADP, Inc.
Slide 7: Track Record of Innovation and Firsts
TRACK RECORD OF INNOVATION AND FIRSTS 1973 2000 2009 2014 2018 2023 2026 ADP FIRST global FIRST HCM FIRST HCM FIRST digital Launched API Launched International cloud-based Mobile App Marketplace pay solution Central persona-based HCM solution Agents 1962 1998 2006 2012 2021 2024 ADP leases FIRST clo
Slide 8: Scalable HCM Offerings with Global Reach
SCALABLE HCM OFFERINGS WITH GLOBAL REACH Small Business Mid-Market Up-Market 1 – 49 EEs 50 – 999 EEs 1,000 EEs+ Outside of the United ADP iHCM ADP Lyric ADP HCMHCM Lyric States United ADP Workforce Now States ADP RUN ADP Ecosystem ADP ADP ADP ADP ADP ADP Next Gen WorkForce Assist Global Payroll Mark
Slide 9: Our Go-to-Market Scale & Reach Is Unparalleled
$2.5B in worldwide new 200K+ New logos sold business bookings annually OUR GO-TO-MARKET SCALE & REACH IS UNPARALLELED 8.5K 140+ 50%+ Quota-carrying Countries and territories of new logos sold sellers with sales coverage through partnership All metrics as of FY24 9 Copyright © 2026 ADP, Inc.
Slide 10: Diversified Revenue Portfolio
DIVERSIFIED REVENUE PORTFOLIO OUR $19.2B 1 FY24 Revenue Portfolio 2 $6.2B PEO PEO 32% $3.4B Small Business Small Business 18% $2.9B Major Accounts Major Accounts 15% $2.6B International International 14% $1.6B Complementary Solutions Complementary Solutions 8% $1.3B ES HRO ES HRO 7% $1.2B National A
Slide 11: ADP Strategic Priorities
ADP STRATEGIC PRIORITIES Lead with Provide Benefit our Best-in-Class Unmatched clients with HCM Technology Expertise and Global Scale Outsourcing 11 Copyright © 2026 ADP, Inc.
Slide 12: We Have Done a Lot…
WE HAVE DONE A LOT… One Data One Mobile We have laid the groundwork, One UX enabling us to Marketplace innovate at a faster velocity Cloud Migration Culture of Innovation 12
Slide 13: The AI Landscape Is Evolving Fast
THE AI LANDSCAPE IS EVOLVING FAST Autonomous Agent Agentic AI Reasoning and decision-making Advanced Agent Business Simple Value Agent Data-driven insights Understanding AI Workflow Predictive Analytics language GenAI* + RPA* Early automation NLP* RPA* (early stage of AI/ML*) Time Source: Internal r
Slide 14: Agentic AI Is the Future
AGENTIC AI IS THE FUTURE Role-based AI agents Anomaly detection Payroll | HR | Benefits | Recruiting | Tax Execute multi-step HCM Task Automation Journeys Customized Recommendations Interpret & Assess Information Monitor & Manage Interactions 14
Slide 15: Strategically Infusing AI Across the Business
STRATEGICALLY INFUSING AI ACROSS THE BUSINESS 1 PRODUCTS ~12M 48% Conversations with of service associates 2 SERVICE ADP Assist in FY26 enabled with The Zone for Service1 3 SALES 4 R&D ~50% 100% of sales associates of developers enabled with The enabled with Zone for Sales1 AI tools1 1 As of FY26 YE
Slide 16: Why ADP?
WHY ADP? CONSISTENT AND GROWING STRONG CASH FLOWS AND REVENUE AND EARNINGS BALANCE SHEET • Leader in the large and growing HCM industry • Low capital requirements • High levels of recurring revenue and strong • Efficient model allows ample reinvestment for client revenue retention organic growth • D
Slide 17: ADP's History of Durable Growth
ADP’S HISTORY OF DURABLE GROWTH Total Revenue ($B) $21.9 6.5% CAGR $10.9 92.1% Gross ES Revenue Retention in FY26 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 17 Copyright © 2026 ADP, Inc.
Slide 18: Client Funds Portfolio Investment Strategy
CLIENT FUNDS PORTFOLIO INVESTMENT STRATEGY FY26 Average Balance ($B) • Enabled by our strong balance sheet and high, investment-grade credit ratings 9.5 14.3 Client Short • Extend and ladder maturities of the Client Long investment portfolio for client funds • Utilize short-term financing arrangemen
Slide 19: Laddering Approach – A Differentiator and Medium-Term Tailwind
LADDERING APPROACH – A DIFFERENTIATOR AND MEDIUM-TERM TAILWIND Client Funds Investment Strategy Portfolio1 at June 30, 2026 Available for Sale Securities Maturities and Book Yields Market Value ($ Millions) $9,000 $8,000 $7,000 $6,000 2.6% 3.8% 4.0% 3.9% 3.8% ~$6B Maturing in $5,000 $4,000 FY27 $3,0
Slide 20: Organic Investments Driving Future Growth
ORGANIC INVESTMENTS DRIVING FUTURE GROWTH BEST-IN-CLASS DISTRIBUTION TECHNOLOGY AND SERVICE • Continue to scale Lyric with more in-depth • Expand sales force headcount features and broaden global reach • Invest in partner channels and embedded payroll • WorkForce Software product integration and • A
Slide 21: ADP's Dividends and Share Repurchases
ADP’S DIVIDENDS AND SHARE REPURCHASES 51 Years of consecutive ($ Billions) dividend increases 1.3 2.1 $35B 2.0 1.2 Cash returned to 1.4 1.1 shareholders FY15-FY26 1.0 1.5 1.3 1.0 0.9 1.1 2.6 2.2 2.4 Aa3/AA- 1.6 1.7 1.9 1.3 1.5 0.9 0.9 1.0 1.1 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY
Slide 22: Recognized as an Industry Leader
RECOGNIZED AS AN 20 year th INDUSTRY LEADER Named by FORTUNE® Magazine as one of the “World’s Most Admired Companies” in 2025 #1 Leader #1 HR Data Solution of the Everest Multi-Country G2 Best Software Year 2025 Payroll Solutions 2024 Products for Small Businesses 2025 22 Copyright © 2026 ADP, Inc.
Slide 23: Medium-Term Financial Objectives
MEDIUM-TERM FINANCIAL OBJECTIVES 6-7% 8-10% Revenue Growth1 Adjusted EBIT growth ~6% Employer Services and Supported by ~50-75bps 6-8% PEO segment growth margin expansion per year 9-11% 11-13% Adjusted EPS Growth Total Shareholder Return Assuming 1% annual net Assuming 2% dividend yield share count
Slide 24: Appendix
APPENDIX Copyright © 2026 ADP, Inc.
Slide 25: FY24 Revenue Disaggregation Detail
FY24 REVENUE DISAGGREGATION DETAIL $6.2B PEO – Fully outsourced HR and benefits for U.S. businesses under a co-employment model. Includes Zero Margin Benefit Pass- Through revenue. $3.4B Small Business – HCM solutions for U.S. businesses with typically 50 or fewer employees. $2.9B Major Accounts – H
Slide 26: Corporate Governance Detail
CORPORATE GOVERNANCE DETAIL Copyright © 2026 ADP, Inc.
Slide 27: Governance: Committed to Shareholder Engagement
GOVERNANCE: COMMITTED TO SHAREHOLDER ENGAGEMENT We are committed to proactively engaging with shareholders; our Board is highly attuned to shareholder feedback, including governance & compensation best practices Monitoring & Assessment Outreach & Engagement • Board and management review: • ADP regul
Slide 28: Governance: Leading with Best Practices
GOVERNANCE: LEADING WITH BEST PRACTICES ADP is committed to shareholder-friendly corporate governance practices that help to drive long-term value creation ✓ Proxy access right at 3% / 3-year ownership threshold ✓ Annually elected Board; directors may be removed (adopted August 2016) without cause ✓
Slide 29: Governance: Responsive to Shareholder Feedback
GOVERNANCE: RESPONSIVE TO SHAREHOLDER FEEDBACK Topics of Discussion ADP Actions Taken • Board composition, self-assessment, and Board & refreshment process ✓ Ongoing Board Refreshment: New Board members joined in 2025, 2022 and 2020 Governance • Governance practices and oversight structures ✓ Follow
Slide 30: Governance: Best-in-Class Board with Balanced Skill Set
GOVERNANCE: BEST-IN-CLASS BOARD WITH BALANCED SKILL SET Deliberate Board Composition Skill Set Aligns and Evolves With Corporate Strategy ▪ Commitment to both continuity and fresh perspectives – 5 of our 10 independent Directors have a tenure of 5 years or less1 Director Skill Set2 – Average indepen
Slide 31: Compensation: Rigorous Approach
COMPENSATION: RIGOROUS APPROACH Five Guiding Principles Compensation Governance Ensures Alignment with Principles Emphasize variable, performance-based compensation to 1 ✓ Robust Clawback Policy exceeding Nasdaq listing requirements ensure that pay and performance are closely aligned applicable to c
Slide 32: Compensation: Pay Closely Aligned to Performance
COMPENSATION: PAY CLOSELY ALIGNED TO PERFORMANCE Balanced, Performance-Based Compensation Policy Transformation, Client Satisfaction and ESG Objectives • Designed to incentivize sustainable value creation • Transformation, Client Satisfaction, Paperless and HCM objectives represent 20%, 10% and 10%,
Slide 33: Enterprise Risk Management
ENTERPRISE RISK MANAGEMENT BOARD AND KEY COMMITTEES MAINTAIN DISCIPLINED RISK ASSESSMENT PROCESS TO EFFECTIVELY PURSUE STRATEGIC GOALS COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE • 2 Components of Operational (Talent Management) • Acquisition Integration • Corporate • Competitive CORPORATE DEV
Slide 34: Committed to Sustainable Practices
COMMITTED TO SUSTAINABLE PRACTICES Environment Social • Commitment to Net-Zero GHG • Commitment to an Emissions by 2050 inclusive workplace • Reducing Scope 1 & 2 GHG • Always Designing for emissions 25.2% by 2025 and 50% People – all people by 2030 • Key HCM solutions also • Executive compensation
Slide 35: Corporate Social Responsibility Report
CORPORATE SOCIAL RESPONSIBILITY REPORT MOST RECENT CSR REPORT ISSUED NOVEMBER 2025 ✓ Commitment to Strong Governance, Ethics, and Compliance ✓ Associate Inclusion, Engagement and Wellness ✓ Client Betterment Through Innovation ✓ Community Engagement and Volunteer Involvement ✓ Environmental Sustaina