Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 35

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 earnings$1,249.5   $1,249.5 Weighted average shares (in millions)406.9 0.6 1.0 408.5 EPS$3.07   $3.06 Three Months Ended March 31, 2024    Net earnings$1,184.9   $1,184.9 Weighted average shares (in millions)410.5 0.7 0.9 412.1 EPS$2.89   $2.88 Nine Months Ended March 31, 2025Net earnings$3,169.0   $3,169.0 Weighted average shares (in millions)407.5 0.7 0.9 409.1 EPS$7.78   $7.75 Nine Months Ended March 31, 2024    Net earnings$2,922.7   $2,922.7 Weighted average shares (in millions)411.1 0.8 1.7 413.6 EPS$7.11   $7.07 

For the three and nine months ended March 31, 2025 and 2024, there were no stock options excluded from the calculation of diluted earnings per share due to anti-dilution. 

Note 6. Other (Income)/Expense, NetThree Months EndedNine Months EndedMarch 31,March 31,2025202420252024Interest income on corporate funds$(55.9)$(55.9)$(231.5)$(159.3)Realized losses on available-for-sale securities, net0.1 1.2 0.8 5.2 Gain on sale of assets— (1.2)(2.4)(17.1)Non-service components of pension income, net (see Note 12)(7.9)(8.4)(23.4)(25.6)Other income, net$(63.7)$(64.3)$(256.5)$(196.8)

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Note 7. Corporate Investments and Funds Held for Clients

Corporate investments and funds held for clients at March 31, 2025 and June 30, 2024 were as follows: March 31, 2025AmortizedCostGrossUnrealized GainsGrossUnrealizedLosses