Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 108

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 the Statements of Consolidated Earnings (see Note 11).

Note 17. Interim Financial Data by Segment

Based upon similar economic and operational characteristics, the Company’s strategic business units have been aggregated into the following two reportable segments: Employer Services and PEO Services. The primary components of the “Other” segment are certain corporate overhead charges and expenses that have not been allocated to the reportable segments, including corporate functions, costs related to transformation, severance costs, non-recurring gains and losses, the elimination of intercompany transactions, interest expense and corporate interest income. Certain revenues and expenses are charged to the reportable segments at a standard rate for management reasons. Other costs are recorded based on management responsibility.

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Segment Results: RevenuesThree Months EndedSix Months EndedDecember 31,December 31, 2024202320242023Employer Services$3,388.5 $3,125.2 $6,649.5 $6,171.6 PEO Services1,663.3 1,546.1 3,237.8 3,015.7 Other(3.4)(3.3)(6.2)(7.0)$5,048.4 $4,668.0 $9,881.1 $9,180.3    Earnings before Income Taxes Three Months EndedSix Months EndedDecember 31,December 31, 2024202320242023Employer Services$1,183.0 $1,061.9 $2,347.3 $2,070.4 PEO Services251.7 255.0 477.3 477.9 Other(173.4)(173.1)(327.1)(311.7)$1,261.3 $1,143.8 $2,497.5 $2,236.6 

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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