Humans in the loop Extended investment strategy Pays per control Worksite employees (WSEs) Margin pressure Worksite employees (WSEs) Workforce Now NextGen We are maintaining our guidance Client funds balances Client funds interest revenue Tens of basis points Baked into our assumptions Integration- related costs Healthy pipeline Timing- related Embedded payroll Generative AI AI agents Forward yield curve Relatively stable demand Client funds balances Selling expense Purpose- built AI NextGen adoption Pipeline New business bookings New business bookings One- time item Free! Zero- margin pass- throughs Margin pressure Tens of basis points Multi- country payroll Mid- market clients Humans in the loop Client funds interest revenue Hiring remains cautious Extended investment strategy Low levels of layoffs Productivity gains Mid- market clients Pipeline aging Global View Not meaningful in the context of ADP Relatively stable demand Generative AI Integration- related costs Autonomous agents Pipeline aging Enterprise clients Forward yield curve Zero- margin pass- throughs Embedded payroll Low levels of layoffs Not meaningful in the context of ADP Rounded down to zero NextGen adoption We haven’t seen a meaningful change Enterprise clients We are maintaining our guidance Rate environment Average yield Lyric HCM We feel confident Baked into our assumptions We haven’t seen a meaningful change Deal cycles Coding copilot tools AI-driven automation Global View SUI revenue Productivity gains Multi- country payroll ADP Assist Workflow transformation Timing- related One- time item AI agents Workflow transformation Hiring remains cautious Autonomous agents Coding copilot tools AI-driven automation Deal cycles Healthy pipeline Rounded down to zero Within the range we previously shared Pays per control Lyric HCM Average yield SUI revenue Pipeline Workforce Now NextGen Time to close Rate environment ADP Assist Purpose- built AI We feel confident Time to close Selling expense Within the range we previously shared Humans in the loop Extended investment strategy Pays per control Worksite employees (WSEs) Margin pressure Worksite employees (WSEs) Workforce Now NextGen We are maintaining our guidance Client funds balances Client funds interest revenue Tens of basis points Baked into our assumptions Integration- related costs Healthy pipeline Timing- related Embedded payroll Generative AI AI agents Forward yield curve Relatively stable demand Client funds balances Selling expense Purpose- built AI NextGen adoption Pipeline New business bookings New business bookings One- time item Free! Zero- margin pass- throughs Margin pressure Tens of basis points Multi- country payroll Mid- market clients Humans in the loop Client funds interest revenue Hiring remains cautious Extended investment strategy Low levels of layoffs Productivity gains Mid- market clients Pipeline aging Global View Not meaningful in the context of ADP Relatively stable demand Generative AI Integration- related costs Autonomous agents Pipeline aging Enterprise clients Forward yield curve Zero- margin pass- throughs Embedded payroll Low levels of layoffs Not meaningful in the context of ADP Rounded down to zero NextGen adoption We haven’t seen a meaningful change Enterprise clients We are maintaining our guidance Rate environment Average yield Lyric HCM We feel confident Baked into our assumptions We haven’t seen a meaningful change Deal cycles Coding copilot tools AI-driven automation Global View SUI revenue Productivity gains Multi- country payroll ADP Assist Workflow transformation Timing- related One- time item AI agents Workflow transformation Hiring remains cautious Autonomous agents Coding copilot tools AI-driven automation Deal cycles Healthy pipeline Rounded down to zero Within the range we previously shared Pays per control Lyric HCM Average yield SUI revenue Pipeline Workforce Now NextGen Time to close Rate environment ADP Assist Purpose- built AI We feel confident Time to close Selling expense Within the range we previously shared
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Humans in the loop
Extended investment strategy
Pays per control
Worksite employees (WSEs)
Margin pressure
Worksite employees (WSEs)
Workforce Now NextGen
We are maintaining our guidance
Client funds balances
Client funds interest revenue
Tens of basis points
Baked into our assumptions
Integration-related costs
Healthy pipeline
Timing-related
Embedded payroll
Generative AI
AI agents
Forward yield curve
Relatively stable demand
Client funds balances
Selling expense
Purpose-built AI
NextGen adoption
Pipeline
New business bookings
New business bookings
One-time item
Free!
Zero-margin pass-throughs
Margin pressure
Tens of basis points
Multi-country payroll
Mid-market clients
Humans in the loop
Client funds interest revenue
Hiring remains cautious
Extended investment strategy
Low levels of layoffs
Productivity gains
Mid-market clients
Pipeline aging
Global View
Not meaningful in the context of ADP
Relatively stable demand
Generative AI
Integration-related costs
Autonomous agents
Pipeline aging
Enterprise clients
Forward yield curve
Zero-margin pass-throughs
Embedded payroll
Low levels of layoffs
Not meaningful in the context of ADP
Rounded down to zero
NextGen adoption
We haven’t seen a meaningful change
Enterprise clients
We are maintaining our guidance
Rate environment
Average yield
Lyric HCM
We feel confident
Baked into our assumptions
We haven’t seen a meaningful change
Deal cycles
Coding copilot tools
AI-driven automation
Global View
SUI revenue
Productivity gains
Multi-country payroll
ADP Assist
Workflow transformation
Timing-related
One-time item
AI agents
Workflow transformation
Hiring remains cautious
Autonomous agents
Coding copilot tools
AI-driven automation
Deal cycles
Healthy pipeline
Rounded down to zero
Within the range we previously shared
Pays per control
Lyric HCM
Average yield
SUI revenue
Pipeline
Workforce Now NextGen
Time to close
Rate environment
ADP Assist
Purpose-built AI
We feel confident
Time to close
Selling expense
Within the range we previously shared