Automatic Data Processing, Inc. (NASDAQ:ADP) Q1 2025 Earnings Conference Call October 30, 2024 8:30 AM ET

Company Participants

Matthew Keating - Vice President, Investor Relations
Maria Black - President and Chief Executive Officer
Don McGuire - Chief Financial Officer

Conference Call Participants

Zack Ajzenman - TD Cowen
David Paige - RBC Capital Markets
Mark Marcon - Baird
Scott Wurtzel - Wolfe Research
Samad Samana - Jefferies
Ramsey El-Assal - Barclays
Tien-Tsin Huang - JPMorgan
Jason Kupferberg - Bank of America
Caroline Latta - Bank of America
Kartik Mehta - Northcoast Research
Dan Dolev - Mizuho
Pete Christiansen - Citi
Kevin McVeigh - UBS
Zachary Gunn - FT Partners
James Faucette - Morgan Stanley

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 First 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 of Investor Relations. Please go ahead.

Matthew Keating

Thank you, Michelle, and welcome, everyone to ADP's First 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 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. The description of these items, along with a reconciliation of non-GAAP measures to the most comparable GAAP measures, can be found in our earnings release.

Today's call will contain forward-looking statements that refer to future events and involve some risk. We encourage you to review our filings with the SEC for additional information on factors that could cause actual results to differ materially from our current expectations.

I'll now turn it over to Maria.

Maria Black

Thank you, Matt, and thank you, everyone, for joining us. This morning, we reported strong first quarter results that included 7% revenue growth, 130 basis points of adjusted EBIT margin expansion and 12% adjusted EPS growth. I'm excited to share the considerable progress we made across our three strategic priorities in the quarter, but let me first begin with some additional financial highlights.