ADP will become even more valuable in the age of AI! Why is this quality stock still so underestimated?

More than 1.1 million customers, 42 million paid employees, and high switching barriers make ADP an extremely recurring business model!
Andreas Wimbauer
A. Wimbauer
Reading Time: 2 minutes

Three months ago, I highlighted the exceptional quality of Automatic Data Processing (ADP). The business model may seem unspectacular, but it is extremely robust. Companies need to reliably handle salaries, taxes, working hours, and regulatory requirements, regardless of the economic situation. More than 1.1 million customers in over 140 countries use ADP, which pays about 42 million employees globally and manages payroll for about one in six workers in the U.S. The main driver of results remains Employer Services, which includes Payroll, HR, Talent...

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