Automatic Data Processing, Inc. (NASDAQ:ADP) Q2 2025 Earnings Conference Call January 29, 2025 8:30 AM ET

Company Participants

Matthew Keating – VP, IR
Maria Black – President and CEO
Don McGuire – CFO

Conference Call Participants

Samad Samana – Jefferies
Bryan Bergin – TD Cowen
Ramsey El-Assal – Barclays
James Faucette – Morgan Stanley
Mark Marcon – Baird
Bryan Keane – Deutsche Bank
Jason Kupferberg – Bank of America
Scott Wurtzel – Wolfe Research
Tien-tsin Huang – JPMorgan
Pete Christiansen – Citi
Kevin McVeigh – UBS
Kartik Mehta – Northcoast Research
Dan Dolev – Mizuho

Operator

Good morning. My name is Michelle and I’ll be your conference operator. At this time, I would like to welcome everyone to ADP’s Second Quarter 2025 Earnings Call. I would like to inform you that this conference is being recorded. After the prepared remarks, we will conduct a question-and-answer session. Instructions will be given at that time. I will now turn the conference over to Matt Keating, Vice President, Investor Relations. Please go ahead.

Matthew Keating

Thank you, Michelle, and welcome everyone to ADP’s second quarter fiscal 2025 earnings call. Participating today are Maria Black, our President and CEO; and Don McGuire, our CFO. Earlier this morning, we released our results for the quarter. Our earnings materials are available on the SEC’s website and our investor relations website at investors.adp.com, where you will also find the investor presentation that accompanies today’s call.

During our call, we will reference non-GAAP financial measures, which we believe to be useful to investors and that exclude the impact of certain items. A description of these items along with a reconciliation of non-GAAP measures to their most comparable GAAP measures can be found in our earnings release. Today’s call will also contain forward-looking statements that refer to future events and involve some risk. We

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