Deep DiveGear & Lifestyle
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
