---
title: "Forget the labor market noise: This essential business utility stock is the ultimate set-it-and-forget-it cash cow"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289670028.md"
description: "ADP reported strong Q3 FY26 results, including a record 92.1% client retention rate and 7% growth in Employer Services. Segment margins expanded by 130 basis points. The company generates $1.34 billion annually from interest on $48 billion in temporary payroll float. Additionally, ADP boasts over 50 consecutive years of dividend increases."
datetime: "2026-06-13T15:59:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289670028.md)
  - [en](https://longbridge.com/en/news/289670028.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289670028.md)
---

# Forget the labor market noise: This essential business utility stock is the ultimate set-it-and-forget-it cash cow

Quick ReadADP (NASDAQ: ADP) posted record 92.1% client retention while Employer Services grew 7% and segment margins expanded 130 basis points in Q3 FY26.ADP's float strategy earns $1.34 billion yearly in interest on $48 billion of client payroll funds it temporarily holds before remitting.With 50-plus consecutive dividend increases and a 220% deca...

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