ADP‘s Business Pillars:
Our business is organized around three pillars which represent our core growth areas.
U.S. HCM Solutions: In the United States, we provide cloud-based HCM software with supporting service and expertise that assists employers of all types and sizes in managing the entire worker spectrum and employment cycle – from full-time to freelancer and from hire to retire.
U.S. HR Outsourcing (HRO) Solutions: In the United States, we offer comprehensive HRO solutions in which we provide complete management solutions for HR administration, payroll administration, talent management, employee benefits, benefits administration, employer liability management, and other HCM and employee benefits functions.
Global Solutions: We offer international HCM and HRO solutions, comprised of both local, in-country solutions and cloud-based multi-country solutions, to clients wherever they do business around the world.
ADP Service Business:
Payroll;
Talent;
Benefit & Insurance;
PEO & HR Outsourcing;
Compliance Services;
AI Capabilities;
Integrations:
App Marketplace;
ADP Clients Scale:
Small Business: Businesses with 1-49 employees lean on ADP for simplicity, efficiency and value for their various payroll and HR needs.
Midsized Business: Companies with 50-999 employees save time and money by turning to ADP for the adaptable technology and support that helps them meet any payroll or HR challenge.
Large Business: For over 70 years, ADP has helped enterprise organizations with 1,000+ employees make the most of their people and processes
with secure, integrated payroll and HCM solutions.
Interest Income:
Total revenues in fiscal 2023 include interest on funds held for clients of $813.4 million, as compared to $451.8 million in fiscal
2022. The increase in interest earned on funds held for clients resulted from an increase in our average interest rate earned to
2.4% in fiscal 2023, as compared to 1.4% in fiscal 2022, coupled with an increase in our average client funds balances of 5.1%
to $34.1 billion in fiscal 2023 as compared to fiscal 2022.
Revenue by Region
