Company: ADP
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000008670-25-000047
Chunk: 45

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 of revenues:Intercompany eliminations(2.8)Total consolidated revenues$4,832.7 Less segment expenses: (a)Selling and marketing505.3 81.1 Zero-margin benefits pass-through costs— 1,049.2 Worker's compensation coverage and state unemployment taxes— 124.3 Other segment expenses (b)1,591.4 94.3 Total segment earnings before income taxes1,164.3 225.6 1,389.9 Reconciliation of earnings before income taxes:Other (c)(153.7)Total consolidated earnings before income taxes$1,236.2 

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(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:Three Months EndedSeptember 30,20252024Employer Services$131.1 $120.5 PEO Services0.7 1.7 Other14.9 16.4 Total depreciation and amortization$146.7 $138.6 

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

(Tabular dollars are presented in millions, except per share amounts)

FORWARD-LOOKING STATEMENTS

This document and other written or oral statements made from time to time by Automatic Data Processing, Inc., its subsidiaries and variable interest entity (“ADP” or the “Company”) may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Statements that are not historical in nature and which may be identified by the use of words like “outlook,” “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could,” “is designed to” and other words of similar meaning, are forward-looking statements.  These statements are based on management’s expectations and assumptions and depend