Roseland, New Jersey-based Automatic Data Processing, Inc. (ADP) is a leading provider of human capital management (HCM) solutions, offering cloud-based software and services that help businesses manage payroll, human resources, talent management, benefits administration, and compliance. The company has a market capitalization of $93.4 billion, and it serves more than one million clients ranging from small businesses to large multinational enterprises.
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." ADP fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the software application industry.
