Automatic Data Processing, Inc. · NASDAQ:ADP

Automatic Data Processing — Investor Presentation (November 2025)

31 slides from Automatic Data Processing's investor presentation, November 2025

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: The World's Largest HCM Organization
$21B FY25 revenue 1.1M+ clients 78M employee tax 42M+ employees paid in statements processed 140+ countries and territories IS THE WORLD’S LARGEST HCM ORGANIZATION 80%+ $3.3T 67K 14M+ of Fortune 500 in client funds ADP associates monthly are clients moved in US users on app Data as of FY25 3 Copyrig
Slide 7: Track Record of Innovation and Firsts
TRACK RECORD OF INNOVATION AND FIRSTS 1973 2000 2009 2014 2018 2023 ADP FIRST global FIRST HCM FIRST HCM FIRST digital Launched API International cloud-based Mobile App Marketplace pay solution Central HCM solution 1962 1998 2006 2012 2021 2024 ADP leases FIRST cloud- National ADP Data Cloud FIRST a
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 © 2025 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% $1.2B National A
Slide 11: ADP Strategic Priorities
ADP STRATEGIC PRIORITIES Lead with Provide Benefit our Best-in-Class Unmatched clients with HCM Technology Expertise and Global Scale Outsourcing 11 Copyright © 2025 ADP, Inc.
Slide 12: Why ADP?
WHY ADP? CONSISTENT AND GROWING STRONG CASH FLOWS AND REVENUE AND EARNINGS BALANCE SHEET • Leader in the large and growing HCM industry • Low capital requirements • High levels of recurring revenue and strong • Efficient model allows ample reinvestment for client revenue retention organic growth • D
Slide 13: ADP's History of Durable Growth
ADP’S HISTORY OF DURABLE GROWTH Total Revenue ($B) $20.6 6.5% CAGR $10.9 92.1% Gross ES Revenue Retention in FY25 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 13 Copyright © 2025 ADP, Inc.
Slide 14: Client Funds Portfolio Investment Strategy
CLIENT FUNDS PORTFOLIO INVESTMENT STRATEGY FY25 Average Balance ($B) • Enabled by our strong balance sheet and high, investment-grade credit ratings 8.5 13.6 Client Short • Extend and ladder maturities of the Client Long investment portfolio for client funds • Utilize short-term financing arrangemen
Slide 15: Laddering Approach – A Differentiator and Medium-Term Tailwind
LADDERING APPROACH – A DIFFERENTIATOR AND MEDIUM-TERM TAILWIND Client Funds Investment Strategy Portfolio 1 at June 30, 2025 Available for Sale Securities Maturities and Book Yields Market Value ($ Millions) ~$13B $9,000 $8,000 1.5% $7,000 2.6% $6,000 4.0% 3.8% Maturing in $5,000 3.8% FY26 and FY27
Slide 16: Organic Investments Driving Future Growth
ORGANIC INVESTMENTS DRIVING FUTURE GROWTH BEST-IN-CLASS DISTRIBUTION TECHNOLOGY AND SERVICE • Continue to scale Lyric with more in-depth • Expand sales force headcount features and broaden global reach • Invest in partner channels and embedded payroll • WorkForce Software product integration and • A
Slide 17: ADP's Dividends and Share Repurchases
ADP’S DIVIDENDS AND SHARE REPURCHASES 50 Years of consecutive ($ Billions) dividend increases 2.0 1.1 1.2 1.3 $30B 1.4 Cash returned to 1.0 shareholders FY15-FY25 1.5 1.3 0.9 1.0 1.1 2.2 2.4 1.9 Aa3/AA- 1.5 1.6 1.7 1.1 1.3 0.9 0.9 1.0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Leading cr
Slide 18: Recognized as an Industry Leader
RECOGNIZED AS AN 19 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 18 Copyright © 2025 ADP, Inc.
Slide 19: 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 21: 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 23: 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 24: 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 25: 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 (proxy ✓
Slide 26: 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 27: 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 28: 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 29: 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 30: 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 31: 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

Automatic Data Processing — Investor Presentation (November 2025) on 6ix

Automatic Data Processing — Investor Presentation (November 2025)

Slide 1: Investor Overview 2025

Slide 2: Disclaimers

Slide 3: The World's Largest HCM Organization

Slide 4: Supporting Every Client HCM Need

Slide 5: Supporting Every Client Size

Slide 6: Supporting Every Client Location

Slide 7: Track Record of Innovation and Firsts

Slide 8: Scalable HCM Offerings with Global Reach

Slide 9: Our Go-to-Market Scale & Reach Is Unparalleled

Slide 10: Diversified Revenue Portfolio

Slide 11: ADP Strategic Priorities

Slide 12: Why ADP?

Slide 13: ADP's History of Durable Growth

Slide 14: Client Funds Portfolio Investment Strategy

Slide 15: Laddering Approach – A Differentiator and Medium-Term Tailwind

Slide 16: Organic Investments Driving Future Growth

Slide 17: ADP's Dividends and Share Repurchases

Slide 18: Recognized as an Industry Leader

Slide 19: Medium-Term Financial Objectives

Slide 20: Appendix

Slide 21: FY24 Revenue Disaggregation Detail

Slide 22: Corporate Governance Detail

Slide 23: Governance: Committed to Shareholder Engagement

Slide 24: Governance: Leading with Best Practices

Slide 25: Governance: Responsive to Shareholder Feedback

Slide 26: Governance: Best-in-Class Board with Balanced Skill Set

Slide 27: Compensation: Rigorous Approach

Slide 28: Compensation: Pay Closely Aligned to Performance

Slide 29: Enterprise Risk Management

Slide 30: Committed to Sustainable Practices

Slide 31: Corporate Social Responsibility Report