Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 138

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 138
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able segment level, hence segment disclosure relating to total assets has not been provided.

80

The following tables present the Company's revenues, significant segment expenses, and earnings before income taxes by reportable segment:Year ended June 30, 2025Employer ServicesPEO ServicesTotalRevenues from external customers$12,692.2 $6,679.6 $19,371.8 Interest on funds held for clients1,178.3 10.8 1,189.1 Intercompany revenues 12.6 — 12.6 Total segment revenues13,883.1 6,690.4 20,573.5 Reconciliation of revenues:Intercompany eliminations(12.6)Total consolidated revenues$20,560.9 Less segment expenses: (a)Selling and marketing2,177.1 362.8 Zero-margin benefits pass-through costs— 4,289.0 Worker's compensation coverage and state unemployment taxes— 681.3 Other segment expenses (b)6,697.5 406.8 Total segment earnings before income taxes5,008.5 950.5 5,959.0 Reconciliation of earnings before income taxes:Other (c)(648.9)Total consolidated earnings before income taxes$5,310.1 Year ended June 30, 2024Employer ServicesPEO ServicesTotalRevenues from external customers$11,953.6 $6,224.3 $18,177.9 Interest on funds held for clients1,015.4 9.3 1,024.7 Intercompany revenues 11.8 — 11.8 Total segment revenues12,980.8 6,233.6 19,214.4 Reconciliation of revenues:Intercompany eliminations(11.8)Total consolidated revenues$19,202.6 Less segment expenses: (a)Selling and marketing2,025.0 330.5 Zero-margin benefits pass-through costs— 3,975.9 Worker's compensation coverage and state unemployment taxes— 613.4 Other segment expenses (b)6,400.3 392.3 Total segment earnings before income taxes4,555.5 921.5 5,477.0 Reconciliation of earnings before income taxes:Other (c)(604.7)Total consolidated earnings before income taxes