During the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference held on May 19, 2026, Maria Black, President and CEO of Automatic Data Processing, Inc. (ADP), discussed the company's perspective on the current macroeconomic landscape. Black highlighted ADP's unique vantage point, given its extensive interactions with both small and enterprise businesses. She noted that ADP is closely monitoring trends in labor and wages, which are critical factors impacting its operations and client services. While Black expressed optimism about certain aspects of the macro environment, she also pointed out areas where caution is warranted. This dual perspective reflects ADP's adaptive strategies in navigating economic fluctuations. The conference served as an important venue for Black to engage with analysts, addressing recurring inquiries about the company's performance and outlook. Overall, ADP's participation underscores its commitment to maintaining open lines of communication with stakeholders, as it continues to adapt to the evolving economic landscape.