Automatic Data Processing, Inc.
ADP 8.5Price and target zones价格与目标区间
What the company does公司做什么
ADP runs payroll and human-resources work for other companies. It pays tens of millions of workers, files their payroll taxes, and administers their benefits, for employers of every size in more than 140 countries. It is one of the largest such firms in the world.ADP为别的公司处理工资发放和人力资源工作。它为各种规模的雇主在140多个国家给数千万员工发工资、申报工资税、并管理他们的福利。它是世界上最大的这类公司之一。
Earns from营收来源 recurring per-employee fees, plus interest earned on client money it holds briefly before paying it out.按每个员工收取的持续费用，加上它在短暂持有客户款项、还没付出去之前赚到的利息。
Read the full description查看完整介绍
Automatic Data Processing, Inc. provides cloud-based human capital management (HCM) solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. This segment's offerings include RUN Powered by ADP, a software platform for small business payroll, HR, and compliance; ADP Workforce Now, a HCM solution used across mid-sized and large businesses to manage employees; and ADP Lyric HCM, a solution for HR management, payroll, workforce management, talent, and data analytics. The PEO Services segment provides HR and employment administration outsourcing solutions under ADP TotalSource name to businesses through a co-employment model. The segment also provides guidance, user-friendly technology, comprehensive employee benefits, and a risk management, safety, and workers' compensation program. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
What the company sells公司卖什么
The core business — the software and service that handles the mechanics of employing people. FY2025 revenue was $13.9 billion.核心业务——处理雇佣员工各项事务的软件和服务。2025财年收入为$13.9 billion。
- Payroll and tax filing薪资发放和报税
- Calculates each paycheque, pays the worker, and files and remits the payroll taxes to the government.计算每张工资单，发放工资，并向政府申报和缴纳工资税。
- Benefits and retirement福利和退休金
- Administers health insurance and retirement plans for the employer.为雇主管理医疗保险和退休金计划。
- Delivery by size按规模提供服务
- RUN for small firms (900,000+ businesses), Workforce Now for mid-size, and Lyric HCM for large enterprises.面向小型企业的 RUN（900,000+家企业）、面向中型企业的 Workforce Now，以及面向大型企业的 Lyric HCM。
Plus:此外： PEO ServicesPEO服务 (32%) — ADP becomes the co-employer of a small firm's staff, so that firm can offer big-company benefits without building the department. Note: about 64% of this segment's reported revenue is money passed straight through to fund benefits and taxes, on which ADP earns nothing — so its real economic weight is smaller than the headline shareADP 成为一家小公司员工的共同雇主，让这家公司无需自建部门就能提供大公司水准的福利。注意：该部门约64%的报告收入是直接转付、用于支付福利和税款的钱，ADP 从中不赚一分钱——所以它真正的经济分量比表面份额要小.
Company facts公司资料
- Founded成立时间
- 1949
- Headquarters总部
- Roseland, New Jersey
- Industry行业
- Software - Application
- Country国家
- United States
Investment thesis投资逻辑 from the watchlist来自关注列表
📋 51-year streak. 21.6x fwd, 2.67% yield, 20% FCF CAGR. Ran +7.5% further out. Add $195-210. Trim $280+.
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- Consensus tgt $257 is below spot
📋 51 年连续增长。 21.6x 前瞻，2.67% 股息率，20% 自由现金流复合增长率。又上涨 +7.5%，更偏离区间。加仓 $195-210。$280 以上减仓。⚠️ 一致目标价 $257 低于现价。
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- 72%
- Revenue growth营收增长
- +7%
- Dividend yield股息率
- 2.55%
Competitors竞争对手
Why customers stay客户为什么留下
Payroll sits at the centre of a company's legal duties. To change supplier is to re-plumb how every worker gets paid and every tax gets filed at once. Client retention was 92% in FY2025, which is about 13 years of average tenure in Employer Services.工资发放处在一家公司法律义务的核心。换供应商就意味着要一次性重新打通每个员工怎么拿工资、每笔税怎么申报的整套流程。2025财年客户留存率为92%，相当于雇主服务业务平均约13年的合作时长。
Recent news近期新闻 last 7 days近7天
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