Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 139

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 139
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$4,872.3 

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Year ended June 30, 2023Employer ServicesPEO ServicesTotalRevenues from external customers$11,222.0 $5,976.8 $17,198.8 Interest on funds held for clients806.0 7.4 813.4 Intercompany revenues 14.6 — 14.6 Total segment revenues12,042.6 5,984.2 18,026.8 Reconciliation of revenues:Intercompany eliminations(14.6)Total consolidated revenues$18,012.2 Less segment expenses: (a)Selling and marketing1,885.3 307.4 Zero-margin benefits pass-through costs— 3,800.9 Worker's compensation coverage and state unemployment taxes— 606.3 Other segment expenses (b)6,183.1 292.3 Total segment earnings before income taxes3,974.2 977.3 4,951.5 Reconciliation of earnings before income taxes:Other (c)(513.9)Total consolidated earnings before income taxes$4,437.6 (a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intercompany expenses are included in the amounts shown.(b) Other segment expenses for both reportable segments include operating, research and development, depreciation and amortization, and other general and administrative expenses.(c) Other represents certain corporate overhead charges and expenses that have not been allocated to the reportable segments, including corporate functions, legal settlements, severance costs, non-recurring gains and losses, the elimination of intercompany transactions, and interest income and expense.The following table presents the Company's depreciation and amortization included in earnings before income taxes for each reportable segment:Years ended June 30,202520242023Employer Services$512.4 $486.6 $467.6 PEO Services6.7 6.8 7.5 Other63.3 68.5 74.2 Total depreciation and amortization$582.4 $561.9 $549.3 

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The following table presents the Company's revenues and assets by geographic area:United StatesEuropeCanadaOtherTotalYear ended June 30, 2025Revenues$18,179.2 $1,533.5 $489.3 $358