ADP 2009 Annual Report Download - page 11

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Performance Graph
The following graph compares the cumulative return on the Company’ s common stock(a) for the most recent five years with the cumulative
return on the S&P 500 Index and a Peer Group Index(b), assuming an initial investment of $100 on June 30, 2004, with all dividends reinvested.
11
(a)
On March 30, 2007, the Company completed the spin-off of its former Brokerage Services Group business, comprised of Brokerage
Services and Securities Clearing and Outsourcing Services, into an independent publicly traded company called Broadridge Financial
Solutions, Inc. The cumulative returns of the Company’ s common stock have been adjusted to reflect the spin-off.
(b) The Peer Group Index is comprised of the following companies:
Administaff, Inc. Paychex, Inc.
Computer Sciences Corporation The Ultimate Software Group, Inc.
Global Payments Inc. Total System Services, Inc.
Hewitt Associates, Inc. The Western Union Company
Intuit Inc.
Gevity HR, Inc. was acquired in 2009 and was removed from the Peer Group Index.