...A. ADP, we are the world's largest HCM provider with more than $19 billion in fiscal 2024. B. We serve 1.1 million clients, including 80% of the Fortune 500. C. We pay more than 42 million wage earners, our clients' employees in over 140 countries. D. We moved more than $3.1 trillion in client funds in the United States each and every year. E. The HCM total addressable market exceeds $180 billion globally including payroll, HR, benefits, talent, HR outsourcing, analytics, and workforce management. F. It's really great to operate in such a large market, but it's even better to be operating in one that is growing, and we continue to expect that the HCM market will continue to grow in the mid-single digits across our medium-term forecast. G. While our revenue has increased substantially over the last decade, our share of addressable market has remained largely the same. H. Our scale supports our innovation and we invested nearly $1.3 billion in R&D alone in fiscal '24. I. We launched ADP Lyric...
