Slide 1: ADP Earnings Call & Webcast Q1 Fiscal 2025
ADP Earnings Call & Webcast Q1 Fiscal 2025 October 30, 2024 Copyright © 2024 ADP, Inc.
Slide 2: Forward Looking Statements; Non-GAAP Measures
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 identified by
Slide 3: Highlights and Perspectives
Highlights and Perspectives Strong Q1 financial and operating performance: • 7% revenue growth and 12% adjusted diluted EPS1 growth • Record Q1 ES new business bookings volume • Strong ES retention and record client satisfaction for Q1 Strategic progress: • Acquired WorkForce Software – a leading wo
Slide 4: Q1 Fiscal 2025 Financial Highlights
Q1 Fiscal 2025 Financial Highlights (unaudited) Total Revenues Adjusted EBIT1 Adjusted Diluted EPS1 7% 13% 12% 7% Organic Constant Currency1 Adjusted EBIT1 Margin 130 bps $1,233M $2.33 $1,093M $2.08 $4,512M $4,833M Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 1. For a reconciliation of
Slide 5: Employer Services Segment Results
Q1 Fiscal 2025 Employer Services Segment Results (unaudited) ES Revenues ES Margin Q1 ES Highlights 7% 260 bps • Strong revenue growth supported by solid new business bookings, better than 7% Organic Constant Currency1 anticipated retention, pays per control growth, and higher client funds int
Slide 6: PEO Services Segment Results
Q1 Fiscal 2025 PEO Services Segment Results (unaudited) PEO Revenues PEO Margin Q1 PEO Highlights 7% 80 bps • Strong PEO new business booking growth • PEO pays per control growth modestly decelerated $1,470M $1,575M 15.2% 14.3% FY25 PEO Outlook July 31, October 30, 2024 2024 Q1 FY24 Q1 FY25 Q1 F
Slide 7: Fiscal 2025 Outlook
Fiscal 2025 Outlook Fiscal 2024 July 31, 2024 October 30, 2024 1 1 (unaudited) Fiscal 2025 Outlook Fiscal 2025 Outlook Revenues $19,203M 5 to 6% 6 to 7% 2 Adj. EBIT Margin 25.5% 60 to 80 bps 30 to 50 bps Total ADP 2 Adj. Effective Tax Rate 23.0% ~23% ~23% 2 Adj. Diluted EPS $9.18 8 to 10% 7 to 9% Re
Slide 8: Appendix: Client Funds Investment Strategy Detail
Appendix: Client Funds Investment Strategy Detail Average Balances ($) Average Rates Interest Income / (Expense) ($) October 30, 2024 October 30, 2024 October 30, 2024 Fiscal 2024 Fiscal 2024 Fiscal 2024 Fiscal 2025 Fiscal 2025 Fiscal 2025 (unaudited) (unaudited) (unaudited) Outlook Outlook Outlook