Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 93

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 March 31, 2025:Types of RevenuesEmployer ServicesPEOOtherTotalHCM$6,557.1 $— $(7.5)$6,549.6 HRO, excluding PEO zero-margin benefits pass-throughs1,050.4 1,823.8 (2.1)2,872.1 PEO zero-margin benefits pass-throughs— 3,194.4 — 3,194.4 Global1,936.7 — — 1,936.7 Interest on funds held for clients873.2 8.1 — 881.3 Total Segment Revenues$10,417.4 $5,026.3 $(9.6)$15,434.1 

8

Reconciliation of disaggregated revenue to our reportable segments for the nine months ended March 31, 2024:Types of RevenuesEmployer ServicesPEOOtherTotalHCM$6,174.8 $— $(6.5)$6,168.3 HRO, excluding PEO zero-margin benefits pass-throughs980.7 1,710.7 (2.9)2,688.5 PEO zero-margin benefits pass-throughs— 2,963.7 — 2,963.7 Global1,865.7 — — 1,865.7 Interest on funds held for clients741.1 6.8 — 747.9 Total Segment Revenues$9,762.3 $4,681.2 $(9.4)$14,434.1 Contract BalancesThe timing of revenue recognition for HCM, HRO and Global is consistent with the invoicing of clients, as invoicing occurs in the period the services are provided. Therefore, the Company does not recognize a contract asset or liability resulting from the timing of revenue recognition and invoicing.Changes in deferred revenues related to set up fees for the nine months ended March 31, 2025 were as follows:Contract LiabilityContract liability, July 1, 2024$491.6 Recognition of revenue included in beginning of year contract liability(102.4)Contract liability, net of revenue recognized on contracts during the period103.7 Currency translation adjustments(0.7)Contract liability, March 31, 2025$492.2 

Note 4.