Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 23

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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Item 1. Financial Statements

Automatic Data Processing, Inc. and Subsidiaries

Statements of Consolidated Earnings

(In millions, except per share amounts)

(Unaudited)

Three Months EndedSix Months EndedDecember 31,December 31,2024202320242023REVENUES:    Revenues, other than interest on funds held      for clients and PEO revenues$3,114.8 $2,898.6 $6,122.0 $5,741.4 Interest on funds held for clients272.8 225.3 526.1 427.1 PEO revenues (A)1,660.8 1,544.1 3,233.0 3,011.8 TOTAL REVENUES5,048.4 4,668.0 9,881.1 9,180.3 EXPENSES:    Costs of revenues:    Operating expenses2,376.1 2,213.3 4,661.9 4,370.9 Research and development239.5 228.7 472.1 465.1 Depreciation and amortization126.9 119.6 242.2 240.9 TOTAL COSTS OF REVENUES2,742.5 2,561.6 5,376.2 5,076.9 Selling, general, and administrative expenses1,006.1 922.5 1,932.8 1,802.8 Interest expense129.6 104.9 267.4 196.5 TOTAL EXPENSES3,878.2 3,589.0 7,576.4 7,076.2 Other (income)/expense, net(91.1)(64.8)(192.8)(132.5)EARNINGS BEFORE INCOME TAXES1,261.3 1,143.8 2,497.5 2,236.6 Provision for income taxes298.1 265.4 578.0 498.8 NET EARNINGS$963.2 $878.4 $1,919.5 $1,737.8 BASIC EARNINGS PER SHARE$2.36 $2.14 $4.71 $4.22 DILUT