ADP (ADP)
Runs payroll, human capital management and outsourced HR for employers of every size.
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Sells cloud payroll and human capital management software and services spanning HR, time, talent, benefits and compliance, with products for small businesses through global enterprises. Revenue combines recurring Employer Services fees, US co-employment outsourcing through ADP TotalSource, benefits pass-throughs and interest earned before client payroll and tax funds are remitted.
Processes payroll and supplies cloud-based human capital management across the employee lifecycle, spanning HR, time, talent, benefits, compliance, retirement and workforce management. Employer Services sells RUN Powered by ADP, ADP Workforce Now, ADP Lyric HCM and ADP Global Payroll to organizations ranging from small businesses to global enterprises. PEO Services delivers ADP TotalSource, a US-only co-employment and HR outsourcing offering.
Operations are anchored in the United States, while payroll and HCM offerings reach employers across North America, Europe and other international markets. Recurring client relationships, broad compliance expertise and a large payroll dataset support product development and service delivery. Revenue also includes interest earned while client payroll and tax funds await remittance. Money movement is regulated, changes in employment and tax rules affect products, and TotalSource assumes specified employer obligations under its co-employment model.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $294 | Target: $310 |
| Aug 3, 2026 | Goldman Sachs | Upgrade | Rating: — | |
| Jul 30, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $240 | Target: $286 |
| Jul 30, 2026 | Guggenheim | Reiterate | Rating: —Target: — | Target: $300 |
| Jul 29, 2026 | Jefferies | Reiterate | Rating: —Target: $190 | Target: $225 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.23B · Total debt $5.27B · Total assets $63.19B · Shareholders' equity $6.03B
- Revenue
- $5.47B
- Operating income
- $1.14B
- Net income
- $978.6M
HistoryDividendAnnual yield
| Institutions | 92.47% | 367.36M shares | |
|---|---|---|---|
| 2,353 holders · as of Jun 30, 2026 | |||
| Insiders | 0.16% | 630.3K shares | |
| 29 holders · as of Sep 10, 2026 | |||
| Other | 7.37% | 29.27M shares | |
| remainder | |||
397.26M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.10% | 36.16M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.57% | 26.10M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.13% | 20.39M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.41% | 13.56M | as of Jun 30, 2026 |
Charles Schwab Investment Management IncInstitution | 3.20% | 12.73M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Joseph DeSilva | officer: Executive VP | −631 | $282.87 |
| Sep 2, 2026 | Maria Black | officer: President & CEO | −29,810 | $280.91 |
| Sep 2, 2026 | Christopher D'Ambrosio | officer: Corp. VP | −1,872 | $283.00 |
| Sep 2, 2026 | Joseph DeSilva | officer: Executive VP | −6,512 | $283.00 |
| Sep 2, 2026 | David Foskett | officer: Corp. VP | −1,529 | $283.00 |
- Paychex
Closest structural peer in SMB/mid-market payroll, HCM, and PEO services.
- Workday
Dominant enterprise HCM platform competing directly with ADP Lyric HCM.
- Paycom Software
Single-database HCM targeting mid-market accounts away from ADP Workforce Now.
- Paylocity
Cloud-native mid-market HCM with a differentiated employee experience layer.
- Insperity
Largest dedicated U.S. PEO; direct rival to ADP TotalSource.
- SAP (ADR)
ERP-rooted HCM incumbent via SAP SuccessFactors in enterprise HR and payroll.
- TriNet Group
Industry-vertical PEO for SMBs in tech, life sciences, and financial services.
- Intuit
QuickBooks Payroll contests ADP RUN in micro-SMB via accounting bundle.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ADP | $269.04 | −0.33% | $107.90B | 24.7 | 21.9 | 4.9 | +6.8% |
| Paychex | $114.27 | −0.65% | $40.91B | 23.6 | 19.2 | 6.3 | +12.5% |
| Workday | $190.50 | −0.74% | $50.27B | 38.9 | 15.8 | 4.9 | +12.8% |
| Paycom Software | $224.59 | −0.73% | $10.20B | 24.0 | 17.0 | 4.8 | +9.8% |
| Paylocity | $145.86 | +1.00% | $7.73B | 29.4 | 16.5 | 4.4 | +11.0% |
| Insperity | $49.95 | −0.63% | $1.92B | — | 20.6 | 0.3 | +1.7% |
| SAP (ADR) | $209.96 | +0.35% | $243.79B | 26.8 | 23.0 | 5.6 | +5.8% |
| TriNet Group | $65.80 | −1.30% | $3.06B | 17.9 | 15.5 | 0.6 | −4.9% |
| Intuit | $290.51 | −4.48% | $83.19B | 18.4 | 12.4 | 3.9 | +13.7% |
| Median | 24.0 | 16.8 | 4.6 | +10.4% |