ADP · NASDAQ · Software - Application

ADP (ADP)

Runs payroll, human capital management and outsourced HR for employers of every size.

$270.14
vs last close+0.20 (+0.07%)

ADP is the behind-the-scenes system that helps employers pay people, handle workplace paperwork and outsource whole chunks of employee administration. Payroll software is the core, but the company increasingly earns from broader international tools, hands-on services and interest on client money waiting to be sent out. The unusual wrinkle is that a large slice of sales simply reimburses employee benefits and contributes almost no profit.

Item facts: FY2026 · year ended Jun 30, 2026, from filings, earnings calls and company pages.

Judgment weights, not filed revenue

Payroll & people software~39%Shared-employer service~33%Global payroll~14%Done-for-you workplace admin~7%Client-money interest~7%

The band summarizes business focus and direction. ~ marks estimates.

7 in detail · 13 more below

  • RUN Powered by ADP

    · Platform

    Payroll and basic people-management software for the smallest U.S. employers, with more than 980,000 users. ADP does not publish RUN sales alone, so its roughly 18–19% share is an estimate; hiring and extra services determine account growth.

    Competes with Paychex Flex (Paychex) · UKG Ready (UKG)

    In plain English

    A bakery with six workers still has to calculate pay, withhold taxes and send forms on time. RUN turns those recurring chores into a guided online service for U.S. businesses with fewer than fifty employees.

    The owner pays each time payroll runs and can add time tracking, retirement, insurance or fuller people-management help. Accountants, banks and franchise networks send new businesses toward ADP. Because switching payroll is disruptive and errors are painful, dependable calculations and current tax rules help keep clients paying for years.

  • ADP Workforce Now

    · Platform

    ADP’s main payroll and people-management system for more than 90,000 midsize and larger North American employers. Roughly 15% of company sales is the best estimate; smooth setup, reliable paydays and sales of extra tools drive the result.

    Competes with UKG Pro (UKG) · Dayforce HCM and Payroll (Dayforce)

    In plain English

    Think of the control desk behind a large workplace. Workforce Now keeps employee records, calculates pay, tracks time, manages benefits and connects those pieces so the personnel team is not retyping the same information.

    Employers pay recurring charges tied to the workers and services they use, then often add hiring, talent or benefits tools. Moving a large company onto a new payroll system is slow and risky, but that same difficulty makes a working system sticky. Consultants and outside software connections help with setup; accuracy and security decide whether clients stay.

  • ADP Lyric HCM

    · PlatformRamping

    Newer payroll and people-management software for complex multinational employers. ADP does not publish Lyric sales alone, so the roughly 6–7% share is an estimate; live clients nearly doubled in FY2026, but long setups delay customer launches.

    Competes with Workday Human Capital Management (Workday) · UKG Pro (UKG)

    In plain English

    One global company can have a different pay rule, holiday calendar and privacy law in every country. Lyric brings those moving parts into one workplace system, pairing companywide employee information with local payroll.

    A multinational pays recurring fees for the countries, workers and tools it uses, plus the work needed to get everything running. ADP also sells Lyric together with its global payroll and workforce-scheduling tools. New customer interest is rising quickly, yet a large international switch can take more than two years, so signed enthusiasm becomes money only as systems go live.

  • ADP TotalSource

    · Service

    ADP becomes a small company’s shared employer, handling payroll, HR, benefits and workplace risk. It produced $7.13 billion of sales; $4.61 billion simply reimbursed benefits and contributed almost no profit, so employee growth and benefit costs matter most.

    Competes with Paychex PEO (Paychex) · TriNet PEO (TriNet)

    In plain English

    Imagine a neighborhood business borrowing the back office of a much larger company. TotalSource puts ADP alongside the client as a legal co-employer, then runs payroll, benefits, human-resources chores and workplace-risk administration for more than nineteen thousand smaller U.S. employers.

    Clients pay ongoing fees for that bundle and reimburse benefit costs. Those reimbursements make sales look much larger without bringing much profit, so the valuable part is the service fee. About half of new TotalSource clients already used another ADP service, making upgrades from payroll a powerful source of business.

  • ADP Global Payroll and International HCM

    · Product line

    Payroll and local workplace software for 16 million workers outside the U.S., producing $2.90 billion of FY2026 sales. It was ADP’s fastest-growing disclosed line, though quarterly growth eased from about 15% to 9%; local rules and currencies remain the watchpoints.

    Competes with Dayforce Global Payroll (Dayforce) · Workday Global Payroll and Cloud Connect (Workday)

    In plain English

    Paying people across borders is not one job repeated; every country has its own taxes, labor rules, bank routines and privacy limits. ADP combines one doorway for the multinational headquarters with local payroll operations and partners in more than one hundred forty countries.

    The customer pays recurring fees for each country and worker covered, often replacing a patchwork of local providers with one relationship. That consolidation can save administrative effort, while ADP and its partners earn as employee counts and country coverage expand. Currency swings can make growth look faster or slower even when the underlying service is steady.

  • ADP Comprehensive Services and ADP Comprehensive Outsourcing Services

    · Service

    Hands-on payroll, employee records and benefits administration for employers that want people, not just software, doing the work. The related services brought in $1.47 billion, or 6.7% of FY2026 sales; service quality and automation decide the margin.

    Competes with TriNet HR Plus (TriNet) · Paychex HR Pro (Paychex)

    In plain English

    The unglamorous part that takes work off an employer’s desk. Comprehensive Services handles recurring payroll and employee administration for organizations that do not want to staff every specialty themselves; one version serves roughly twenty-five to one thousand employees, while another serves larger companies.

    Clients pay per employee for both the software and the ADP people operating it. Existing RUN and Workforce Now users can step up when their own workplace administration becomes too heavy. Demand benefits from complicated rules and small personnel teams, but every manual task consumes staff time, so better automation matters directly to profit.

  • Client Funds Extended Investment Strategy

    · Service

    ADP briefly holds client payroll and tax money before sending it onward, earning $1.36 billion of interest in FY2026. Average balances were $40.4 billion and earned 3.4% annually; wages, payment timing and interest rates set the outcome.

    Competes with Interest on client funds (Paychex) · Interest on client funds (Paycom)

    In plain English

    On the days between collecting payroll money and delivering it to workers and tax offices, ADP can put the cash into conservative interest-paying investments. It resembles the few days a utility holds your payment before its own bills come due, only at enormous scale.

    Customers pay for payroll; the interest comes from the temporary money balance rather than a separate product. Higher wages and more clients increase the pool, while market rates determine what it earns. A ladder of investments that mature at different times means rate changes reach ADP gradually. The money is owed to clients and cannot fund the company’s own needs.

  • RUN Powered by ADP· PlatformPayroll and basic people-management software for the smallest U.S. employers, with more than 980,000 users. ADP does not publish RUN sales alone, so its roughly 18–19% share is an estimate; hiring and extra services determine account growth.

    Payroll and basic people-management software for the smallest U.S. employers, with more than 980,000 users. ADP does not publish RUN sales alone, so its roughly 18–19% share is an estimate; hiring and extra services determine account growth.

    In plain English

    A bakery with six workers still has to calculate pay, withhold taxes and send forms on time. RUN turns those recurring chores into a guided online service for U.S. businesses with fewer than fifty employees.

    The owner pays each time payroll runs and can add time tracking, retirement, insurance or fuller people-management help. Accountants, banks and franchise networks send new businesses toward ADP. Because switching payroll is disruptive and errors are painful, dependable calculations and current tax rules help keep clients paying for years.

    Competes with Paychex Flex (Paychex) · UKG Ready (UKG)

  • ADP Workforce Now· PlatformADP’s main payroll and people-management system for more than 90,000 midsize and larger North American employers. Roughly 15% of company sales is the best estimate; smooth setup, reliable paydays and sales of extra tools drive the result.

    ADP’s main payroll and people-management system for more than 90,000 midsize and larger North American employers. Roughly 15% of company sales is the best estimate; smooth setup, reliable paydays and sales of extra tools drive the result.

    In plain English

    Think of the control desk behind a large workplace. Workforce Now keeps employee records, calculates pay, tracks time, manages benefits and connects those pieces so the personnel team is not retyping the same information.

    Employers pay recurring charges tied to the workers and services they use, then often add hiring, talent or benefits tools. Moving a large company onto a new payroll system is slow and risky, but that same difficulty makes a working system sticky. Consultants and outside software connections help with setup; accuracy and security decide whether clients stay.

    Competes with UKG Pro (UKG) · Dayforce HCM and Payroll (Dayforce)

  • ADP Lyric HCM· PlatformRampingNewer payroll and people-management software for complex multinational employers. ADP does not publish Lyric sales alone, so the roughly 6–7% share is an estimate; live clients nearly doubled in FY2026, but long setups delay customer launches.

    Newer payroll and people-management software for complex multinational employers. ADP does not publish Lyric sales alone, so the roughly 6–7% share is an estimate; live clients nearly doubled in FY2026, but long setups delay customer launches.

    In plain English

    One global company can have a different pay rule, holiday calendar and privacy law in every country. Lyric brings those moving parts into one workplace system, pairing companywide employee information with local payroll.

    A multinational pays recurring fees for the countries, workers and tools it uses, plus the work needed to get everything running. ADP also sells Lyric together with its global payroll and workforce-scheduling tools. New customer interest is rising quickly, yet a large international switch can take more than two years, so signed enthusiasm becomes money only as systems go live.

    Competes with Workday Human Capital Management (Workday) · UKG Pro (UKG)

  • ADP TotalSource· ServiceADP becomes a small company’s shared employer, handling payroll, HR, benefits and workplace risk. It produced $7.13 billion of sales; $4.61 billion simply reimbursed benefits and contributed almost no profit, so employee growth and benefit costs matter most.

    ADP becomes a small company’s shared employer, handling payroll, HR, benefits and workplace risk. It produced $7.13 billion of sales; $4.61 billion simply reimbursed benefits and contributed almost no profit, so employee growth and benefit costs matter most.

    In plain English

    Imagine a neighborhood business borrowing the back office of a much larger company. TotalSource puts ADP alongside the client as a legal co-employer, then runs payroll, benefits, human-resources chores and workplace-risk administration for more than nineteen thousand smaller U.S. employers.

    Clients pay ongoing fees for that bundle and reimburse benefit costs. Those reimbursements make sales look much larger without bringing much profit, so the valuable part is the service fee. About half of new TotalSource clients already used another ADP service, making upgrades from payroll a powerful source of business.

    Competes with Paychex PEO (Paychex) · TriNet PEO (TriNet)

  • ADP Global Payroll and International HCM· Product linePayroll and local workplace software for 16 million workers outside the U.S., producing $2.90 billion of FY2026 sales. It was ADP’s fastest-growing disclosed line, though quarterly growth eased from about 15% to 9%; local rules and currencies remain the watchpoints.

    Payroll and local workplace software for 16 million workers outside the U.S., producing $2.90 billion of FY2026 sales. It was ADP’s fastest-growing disclosed line, though quarterly growth eased from about 15% to 9%; local rules and currencies remain the watchpoints.

    In plain English

    Paying people across borders is not one job repeated; every country has its own taxes, labor rules, bank routines and privacy limits. ADP combines one doorway for the multinational headquarters with local payroll operations and partners in more than one hundred forty countries.

    The customer pays recurring fees for each country and worker covered, often replacing a patchwork of local providers with one relationship. That consolidation can save administrative effort, while ADP and its partners earn as employee counts and country coverage expand. Currency swings can make growth look faster or slower even when the underlying service is steady.

    Competes with Dayforce Global Payroll (Dayforce) · Workday Global Payroll and Cloud Connect (Workday)

  • ADP Comprehensive Services and ADP Comprehensive Outsourcing Services· ServiceHands-on payroll, employee records and benefits administration for employers that want people, not just software, doing the work. The related services brought in $1.47 billion, or 6.7% of FY2026 sales; service quality and automation decide the margin.

    Hands-on payroll, employee records and benefits administration for employers that want people, not just software, doing the work. The related services brought in $1.47 billion, or 6.7% of FY2026 sales; service quality and automation decide the margin.

    In plain English

    The unglamorous part that takes work off an employer’s desk. Comprehensive Services handles recurring payroll and employee administration for organizations that do not want to staff every specialty themselves; one version serves roughly twenty-five to one thousand employees, while another serves larger companies.

    Clients pay per employee for both the software and the ADP people operating it. Existing RUN and Workforce Now users can step up when their own workplace administration becomes too heavy. Demand benefits from complicated rules and small personnel teams, but every manual task consumes staff time, so better automation matters directly to profit.

    Competes with TriNet HR Plus (TriNet) · Paychex HR Pro (Paychex)

  • Client Funds Extended Investment Strategy· ServiceADP briefly holds client payroll and tax money before sending it onward, earning $1.36 billion of interest in FY2026. Average balances were $40.4 billion and earned 3.4% annually; wages, payment timing and interest rates set the outcome.

    ADP briefly holds client payroll and tax money before sending it onward, earning $1.36 billion of interest in FY2026. Average balances were $40.4 billion and earned 3.4% annually; wages, payment timing and interest rates set the outcome.

    In plain English

    On the days between collecting payroll money and delivering it to workers and tax offices, ADP can put the cash into conservative interest-paying investments. It resembles the few days a utility holds your payment before its own bills come due, only at enormous scale.

    Customers pay for payroll; the interest comes from the temporary money balance rather than a separate product. Higher wages and more clients increase the pool, while market rates determine what it earns. A ladder of investments that mature at different times means rate changes reach ADP gradually. The money is owed to clients and cannot fund the company’s own needs.

    Competes with Interest on client funds (Paychex) · Interest on client funds (Paycom)

Named in filings, launches and programs

  • ADP Retirement ServicesServicePayroll-linked retirement-plan administration for more than 210,000 employers; annual sales passed $1 billion in FY2026.
  • ADP Workforce SuitePlatform · RampingAcquired scheduling, time and absence software with more than 1,000 clients; FY2026 sales impact was too small for ADP to call significant.
  • ADP SmartCompliancePlatformMoves employer tax and wage payments; in FY2026 it handled roughly 79 million year-end tax statements and $3.5 trillion of money.
  • Wisely by ADPProductEmployer-distributed digital pay and payment cards that give workers another way to receive and manage wages.
  • ADP DataCloudPlatformTurns ADP’s employment information into workforce comparisons, analysis and reports for employers.
  • ADP Marketplace and API CentralEcosystemA store for outside workplace apps plus connection tools that let them exchange information with ADP products.
  • ADP AssistProductA built-in helper that drafts answers and speeds up payroll and employee-management tasks inside ADP products.
  • The ZonePlatform · RampingInternal software that helps service and sales staff; service-associate adoption rose from roughly 10% to 48% during FY2026.
  • ADP Embedded Payroll with Fiserv/CloverCustomer program · RampingSmall-business payroll placed inside partner products, launched through Clover in September 2025 after the Fiserv partnership.
  • Roll by ADPProductChat-style payroll software built for very small businesses.
  • WorkMarket by ADPPlatformHandles the signup, management and payment of independent contractors.
  • ADP Insurance ServicesServiceFinds and administers employer insurance for more than 280,000 clients.
  • PEIBrandFormer Mexican payroll partner acquired in FY2025, bringing local operations and roughly 300 staff into ADP.
  • ADP Retirement ServicesService

    Payroll-linked retirement-plan administration for more than 210,000 employers; annual sales passed $1 billion in FY2026.

  • ADP Workforce SuitePlatform · Ramping

    Acquired scheduling, time and absence software with more than 1,000 clients; FY2026 sales impact was too small for ADP to call significant.

  • ADP SmartCompliancePlatform

    Moves employer tax and wage payments; in FY2026 it handled roughly 79 million year-end tax statements and $3.5 trillion of money.

  • Wisely by ADPProduct

    Employer-distributed digital pay and payment cards that give workers another way to receive and manage wages.

  • ADP DataCloudPlatform

    Turns ADP’s employment information into workforce comparisons, analysis and reports for employers.

  • ADP Marketplace and API CentralEcosystem

    A store for outside workplace apps plus connection tools that let them exchange information with ADP products.

  • ADP AssistProduct

    A built-in helper that drafts answers and speeds up payroll and employee-management tasks inside ADP products.

  • The ZonePlatform · Ramping

    Internal software that helps service and sales staff; service-associate adoption rose from roughly 10% to 48% during FY2026.

  • ADP Embedded Payroll with Fiserv/CloverCustomer program · Ramping

    Small-business payroll placed inside partner products, launched through Clover in September 2025 after the Fiserv partnership.

  • Roll by ADPProduct

    Chat-style payroll software built for very small businesses.

  • WorkMarket by ADPPlatform

    Handles the signup, management and payment of independent contractors.

  • ADP Insurance ServicesService

    Finds and administers employer insurance for more than 280,000 clients.

  • PEIBrand

    Former Mexican payroll partner acquired in FY2025, bringing local operations and roughly 300 staff into ADP.