ADP in “The Margin Mirage”
Automatic Data Processing, Inc.
Recurring payroll revenue, high client retention and automation of labor-intensive administrative tasks underpin resilient margins despite wage inflation.
ADP impact map — “The Margin Mirage”
How this story travels from the headline to ADP’s own business — positive, negative or mixed, direct or indirect, the mechanism, and how strong the exposure is.
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Price history, marked with story events
Oct 7, 2019 – Oct 6, 2020 · 253 sessions
Prices updated during market hours · refreshed about every 30 minutes while the market is open · delayed data, not for trading decisions
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Full story
The Margin Mirage
Headline profitability masks a widening divide between durable margins and temporary accounting optics.
BULL side — Recurring payroll revenue, high client retention and automation of labor-intensive administrative tasks underpin resilient margins despite wage inflation.
Read the full The Margin Mirage story