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

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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30, 2026(Fiscal 2026)The Company is assessing this guidance. The adoption will modify disclosures but will not have an impact on the Company's consolidated results of operations, financial condition, and cash flows.ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment DisclosuresThis update improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and certain quantitative disclosures.June 30, 2025(Fiscal 2025)The Company is assessing this guidance. The adoption will modify disclosures but will not have an impact on the Company's consolidated results of operations, financial condition, and cash flows.

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Note 3.  Revenue

Based upon similar operational and economic characteristics, the Company’s revenues are disaggregated by its three business pillars: Human Capital Management (“HCM”), HR Outsourcing (“HRO”), and Global Solutions (“Global”), with separate disaggregation for PEO zero-margin benefits pass-through revenues and client funds interest revenues.  The Company believes these revenue categories depict how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors. The following tables provide details of revenue by our business pillars, and include a reconciliation to the Company’s reportable segments:Three Months EndedSix Months EndedDecember 31,December 31,Types of Revenues2024202320242023HCM$2,131.9 $1,975.2 $4,157.3 $3,889.4 HRO, excluding PEO zero-margin benefits pass-throughs943.2 888.7 1,808.4 1,700.4 PEO zero-margin benefits pass-throughs1,055.2 970.7 2,104.4 1,947.5 Global645.3 608.1 1,284.9 1,215.9 Interest on funds held for clients272.8 225.3 526.1 427.1 Total Revenues$5,048.4 $4,668.0 $9,881.1 $9,180.3 Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2024:Types of RevenuesEmployer ServicesPEOOtherTotalHCM$2,134.4 $— $(2.5)$2,131.9 HRO, excluding P