ADP (company)

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Automatic Data Processing, Inc. (ADP) is an American provider of human resources management software and services, headquartered in Roseland, New Jersey.

History

In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Frank Lautenberg joined the brothers in the company's infancy. In 1957, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers. In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately Template:USD.Template:Sfnp The company established a subsidiary in the United Kingdom in 1965. In 1970, Lautenberg was noted as being the president of the company.<ref name=":0">Template:Cite news</ref> Also in 1970, the company's stock transitioned from trading on American Stock Exchange to trading on the New York Stock Exchange.<ref name=":0" /> Lautenberg continued in his roles as chairman and CEO until elected to the United States Senate from New Jersey in 1982.<ref>Template:Cite news</ref>

From 1985 onward, ADP's annual revenues exceeded the $1 billion mark, with paychecks processed for about 20% of the U.S. workforce. In the 1990s, ADP began acting as a professional employer organization (PEO) making several related acquisitions.

On October 21, 2008, ADP switched its stock listing to the NASDAQ Global Select Market.<ref>Template:Cite press release</ref>

In 2020, ADP was ranked 227 on the Fortune 500 list of the largest United States corporations by revenue.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> ADP has also been included on Fortune Magazine's "World's Most Admired Companies" List for 14 consecutive years<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> and has earned recognition from DiversityInc as one of the top companies for diversity and inclusion in the United States for 11 consecutive years.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

ADP has about 67,000 employees worldwide and its fiscal year 2025 revenues were $20.6 billion.<ref name=10K2025 />

Acquisitions

ADP acquired the pioneering online computer services company Time Sharing Limited (TSL) in 1974Template:Citation needed and Cyphernetics in 1975.<ref>Template:Cite news</ref>

As ADP became a professional employer organization, it made several acquisitions. In 1995, the company acquired the German company Autonom and the payroll and human resource services company GSI, among others.<ref name="echos1995">Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite press release</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In September 1998, ADP acquired UK-based Chessington Computer Centre that supplied administration services to the UK Government.<ref>Template:Cite news</ref>

In 2006, ADP acquired Kerridge Computer Co. Ltd., a dealer management systems (DMS) provider to auto dealers, primarily in the UK.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc.<ref name="Automatic Data Processing-March-2007-8-K"/> In January 2017, ADP acquired The Marcus Buckingham Company (TMBC).<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>Template:Secondary source needed In October 2017, ADP acquired Global Cash Card, a digital payments facilitator.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>Template:Secondary source needed

In January 2018, ADP acquired WorkMarket, a New York City–based software platform company that helps businesses manage freelancers, contractors, and consultants.<ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Later that same year, the company announced the acquisition of Celergo, a global payroll management service company.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref>

In 2023, ADP acquired workflow automation tool Sora.<ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref>

In October 2024, ADP acquired WorkForce Software, a management services provider.<ref>Template:Cite news</ref>

Divisions and spinoffs

Broadridge Financial Solutions

In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue.<ref name="Automatic Data Processing-March-2007-8-K">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.<ref name="Automatic Data Processing-April-2007-8-K">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

CDK Global, LLC

Formerly called ADP Dealer Services, CDK Global was formed October 1, 2014, and provides technology services to automotive dealerships, as well as vehicle manufacturers.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In 2010, ADP acquired the automotive marketing company Cobalt.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

BZ Results, winner of AutoSuccess magazine's 2005 "Innovative Company of the Year" award,<ref>Template:Cite news</ref> was purchased by ADP in 2006.<ref name="adp">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> At the time, BZ Results was valued at $125 million. On April 7, 2014, ADP laid off several Dealer Services associates in a reorganization and 3 days later announced plans to spin off the Dealer Services division as a standalone company.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> On August 19, 2014, ADP Dealer Services announced that the name of the new company, post-spinoff, would be CDK Global (an acronym for Cobalt, Dealer Services, Kerridge).<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Both S&P and Moody's downgraded ADP to AA in April 2014, after the dealer services unit was spun off.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Employment data

ADP private employment report

ADP has been used as a source of private-sector employment data in addition to or in place of United States Bureau of Labor Statistics reports.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name="axios2022">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> ADP's National Employment Report launches the day before BLS reports.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In 2022, it was redesigned in collaboration with Stanford's Digital Economy Lab.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>Template:Secondary source needed

As early as 2018, ADP employment and earnings data were used by the Federal Reserve. In mid-2025, ADP stopped providing data to the Federal Reserve.<ref>Template:Cite news</ref>

External links

• Template:Official website