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ADP corporate headquarters in Roseland, New Jersey — home of the payroll infrastructure company serving over 1 million clients globally

ADP: The Payroll Infrastructure Compounder

Automatic Data Processing (ADP) processes payroll for 1 in 6 U.S. workers and has delivered 50+ consecutive years of dividend increases. This explainer covers ADP's payroll infrastructure moat, Employer Services and PEO segments, client funds float economics, capital allocation, and key risks.

May 26, 2026