Slide 1: ADP Earnings Call & Webcast Q3 Fiscal 2025
ADP Earnings Call & Webcast Q3 Fiscal 2025 April 30, 2025 Copyright © 2025 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 SOLID Q3 FINANCIAL AND OPERATING PERFORMANCE: • 6% revenue growth and 6% adjusted diluted EPS1 growth • Solid ES new business bookings growth • Client satisfaction scores reached record highs for a Q3 • PEO revenue growth exceeded our expectations STRATEGIC PROGRESS: • En
Slide 4: Q3 Fiscal 2025 Financial Highlights
Q3 FISCAL 2025 FINANCIAL HIGHLIGHTS (Unaudited) TOTAL REVENUES ADJUSTED EBIT1 ADJUSTED DILUTED EPS1 6% 6% 6% 6% Organic Constant Currency1 Adjusted EBIT1 Margin 10 bps $1,630M $3.06 $5,553M $1,539M $2.88 $5,254M Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 1. For a reconciliation of the
Slide 5: Employer Services Segment Results
Q3 FISCAL 2025 EMPLOYER SERVICES SEGMENT RESULTS (Unaudited) ES REVENUES ES MARGIN Q3 ES HIGHLIGHTS 5% 20 bps • Revenue growth supported by solid new business bookings growth, better-than- 5% Organic Constant Currency1 anticipated retention, and higher client funds interest revenue $3,591M $3,
Slide 6: PEO Services Segment Results
Q3 FISCAL 2025 PEO SERVICES SEGMENT RESULTS (Unaudited) PEO REVENUES PEO MARGIN Q3 PEO HIGHLIGHTS 7% Flat • Revenue growth supported by higher wages • Strong retention $1,789M $1,666M 14.2% 14.2% FY25 PEO OUTLOOK January 29, April 30, Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 2025 2025 Revenues 5 to 6% 6 to
Slide 7: Fiscal 2025 Outlook
FISCAL 2025 OUTLOOK July 31, 2024 October 30, 2024 January 29, 2025 April 30, 2025 Fiscal 2024 Fiscal 2025 Fiscal 2025 Fiscal 2025 Fiscal 2025 (unaudited) 1 1 1 1 Outlook Outlook Outlook Outlook Revenues $19,203M 5 to 6% 6 to 7% 6 to 7% 6 to 7% 2 Adj. EBIT Margin 25.5% 60 to 80 bps 30 to 50 bps 30 t
Slide 8: Appendix: Client Funds Investment Strategy Detail
APPENDIX: CLIENT FUNDS INVESTMENT STRATEGY DETAIL Average Balances ($) Average Rates Interest Income / (Expense) ($) April 30, 2025 April 30, 2025 April 30, 2025 Fiscal 2024 Fiscal 2024 Fiscal 2024 Fiscal 2025 Fiscal 2025 Fiscal 2025 (unaudited) (unaudited) (unaudited) Outlook Outlook Outlook Client