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Largest US payroll and HCM provider, paying roughly one in six US workers; publisher of the ADP National Employment Report.
2021-Q2-2026-Q1
1994-2025

$ADP
Pays roughly one in six US workers, making it the sector's most durable franchise and a macro indicator in its own right via the ADP National Employment Report. Per-employee pricing is the purest seat exposure in software.