Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 8

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 our employee benefit plans.

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ANALYSIS OF REPORTABLE SEGMENTS

RevenuesThree Months Ended% ChangeSix Months Ended% ChangeDecember 31,December 31, 20242023As ReportedOrganic constant currency20242023As ReportedOrganic constant currencyEmployer Services$3,388.5 $3,125.2 8 %7 %$6,649.5 $6,171.6 8 %7 %PEO Services1,663.3 1,546.1 8 %8 %3,237.8 3,015.7 7 %7 %Other(3.4)(3.3)n/mn/m(6.2)(7.0)n/mn/m$5,048.4 $4,668.0 8 %8 %$9,881.1 $9,180.3 8 %7 %

Earnings before Income TaxesThree Months Ended%ChangeSix Months Ended%ChangeDecember 31,December 31, 20242023As Reported20242023As ReportedEmployer Services$1,183.0 $1,061.9 11 %$2,347.3 $2,070.4 13 %PEO Services251.7 255.0 (1)%477.3 477.9 — %Other(173.4)(173.1)n/m(327.1)(311.7)n/m$1,261.3 $1,143.8 10 %$2,497.5 $2,236.6 12 %

MarginThree Months EndedSix Months EndedDecember 31,December 31, 20242023YoY Growth20242023YoY GrowthEmployer Services34.9 %34.0 %90 bps35.3 %33.5 %180 bpsPEO Services15.1 %16.5 %(140) bps14.7 %15.8 %(110) bps

n/m - not meaningful

Employer Services

Revenues

Revenues increased for the three and six months ended December 31, 2024 due to new business started from New Business Bookings, strong client retention, an increase in pricing, an increase in interest earned on funds held for clients, an increase in our pays per control of