Automatic Data Processing, Inc. or Paychex, Inc.: Who Leads in Yearly Revenue?

ADP vs. Paychex: A Decade of Revenue Growth

__timestampAutomatic Data Processing, Inc.Paychex, Inc.
Wednesday, January 1, 2014118328000002518900000
Thursday, January 1, 2015105608000002739600000
Friday, January 1, 2016112905000002951900000
Sunday, January 1, 2017119824000003151300000
Monday, January 1, 2018128593000003380900000
Tuesday, January 1, 2019136133000003772500000
Wednesday, January 1, 2020145898000004040500000
Friday, January 1, 2021150054000004056800000
Saturday, January 1, 2022164983000004611700000
Sunday, January 1, 2023180122000005007100000
Monday, January 1, 2024192026000005278300000
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Igniting the spark of knowledge

A Decade of Revenue Growth: ADP vs. Paychex

In the competitive landscape of payroll and human resources services, Automatic Data Processing, Inc. (ADP) and Paychex, Inc. have been industry leaders. Over the past decade, ADP has consistently outpaced Paychex in terms of revenue growth. From 2014 to 2024, ADP's revenue surged by approximately 62%, reaching nearly $19.2 billion. In contrast, Paychex experienced a robust growth of about 110%, yet its revenue in 2024 was approximately $5.3 billion, still trailing behind ADP.

Key Insights

ADP's dominance is evident, with its revenue consistently more than three times that of Paychex. The steady upward trend for both companies highlights the growing demand for payroll and HR solutions. As businesses continue to expand globally, the need for efficient payroll processing and HR management is more critical than ever, positioning both ADP and Paychex for continued success.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025