Capital Allocation and Market Strategy

We Have Delivered Steady Revenue Growth A history of consistent revenue growth... ...including growing through headwinds related to COVID-19 PEO Services Segment Employer Services Segment 10-Year CAGR¹ through FY19 FY20 FY21 FY22 FY23 6.0B 5.5B 3.9B 4.2B 4.5B 4.8B ES 5% 1% 1% 8% 10% $3.5B Segment $8.9B 9.5B 9.9B 10.1B 10.2B 11.0B 12.0B PEO Segment 14% 8% 7% 15% 8% Total ES & PEO 7% 3% 3% 10% 9% FY17 FY18 FY19 FY20 FY21 FY22 FY23 1. Calculated using geometric average of annual growth rates to account for FY19 change in segment reporting Copyright 2023 ADP, Inc. 112 12 ADP

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