Slide 1: ADP Earnings Call & Webcast Q4 Fiscal 2026
ADP Earnings Call & Webcast Q4 Fiscal 2026 July 29, 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: Strong FY26 Performance and Strategic Progress in FY26
STRONG FY26 PERFORMANCE • 7% revenue growth and 11% adjusted diluted EPS1 growth • 6% Employer Services new business bookings growth to $2.2 billion • Retirement Services exceeded $1 billion in annual revenue • Employer Services retention remained strong at 92.1%, as company- wide client satisfactio
Slide 4: Q4 Financial Highlights
Q4 FISCAL (Unaudited) 2026 FINANCIAL HIGHLIGHTS TOTAL REVENUES ADJUSTED EBIT1 ADJUSTED DILUTED EPS1 7% 13% 17% 6% Organic Constant Currency1 Adjusted EBIT1 Margin 140 bps $5,474M $1,372M $2.64 $5,127M $1,213M $2.26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 1. For a reconciliation of
Slide 5: Fiscal Financial Highlights
FISCAL (Unaudited) 2026 FINANCIAL HIGHLIGHTS TOTAL REVENUES ADJUSTED EBIT1 ADJUSTED DILUTED EPS1 7% 10% 11% 6% Organic Constant Currency1 Adjusted EBIT1 Margin 80 bps $5,875M $21,947M $11.12 $5,347M $20,561M $10.01 FY25 FY26 FY25 FY26 FY25 FY26 1. For a reconciliation of these non-GAAP fin
Slide 6: Q4 Employer Services Segment Results
Q4 FISCAL (Unaudited) 2026 EMPLOYER SERVICES SEGMENT RESULTS ES REVENUES ES MARGIN FY27 ES OUTLOOK 7% 90 bps Fiscal 2026 July 29, 2026 6% Organic Constant Currency1 Fiscal 2027 (unaudited) Outlook $3,697M 34.4% Revenues $14,831M 5 to 6% $3,466M 33.5% ES New Business $2.2B 4 to 7% Bookings Cl
Slide 7: Q4 PEO Services Segment Results
Q4 FISCAL (Unaudited) 2026 PEO SERVICES SEGMENT RESULTS PEO REVENUES PEO MARGIN FY27 PEO OUTLOOK 7% 100 bps July 29, 2026 Fiscal 2026 $1,779M Fiscal 2027 13.2% (unaudited) Outlook $1,664M 12.2% Revenues $7,128M 5 to 7% Revenues Ex ZMPT $2,521M 3 to 5% Average WSEs 762,000 ~2% Q4 FY25 Q4 FY26 Q
Slide 8: Fiscal 2027 Outlook
FISCAL 2027 OUTLOOK July 29, 2026 Fiscal 2026 Fiscal 2027 (unaudited) 1 Outlook Revenues $21,947M 5 to 6% 2 Adj. EBIT Margin 26.8% 70 to 90 bps Total ADP 2 Adj. Effective Tax Rate 23.0% ~23% 2 Adj. Diluted EPS $11.12 9 to 11% Revenues $14,831M 5 to 6% Employer ES New Business Bookings $2.2B 4 to 7%
Slide 9: Appendix: Client Funds Investment Strategy Detail
APPENDIX: CLIENT FUNDS INVESTMENT STRATEGY DETAIL Interest Income / (Expense) Average Balances ($) Average Rates ($) July 29, 2026 July 29, 2026 July 29, 2026 Fiscal 2026 Fiscal 2026 Fiscal 2026 Fiscal 2027 Fiscal 2027 Fiscal 2027 (unaudited) (unaudited) (unaudited) Outlook Outlook Outlook Client Sh
Slide 10: Appendix: Client Funds Portfolio Maturities
APPENDIX: CLIENT FUNDS PORTFOLIO MATURITIES Client Funds Investment Strategy Portfolio1 at June 30, 2026 Available for Sale Securities Maturities and Book Yields Market Value ($ Millions) $9,000 3.9% $8,000 $7,000 4.0% 2.6% 3.8% 3.8% $6,000 $5,000 $4,000 $3,000 $2,000 3.3% 4.5% 4.4% 4.6% $1,000 $0 F