Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 53

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 53
---
 adjustments out of AOCI are included within Other income, net, on the Statements of Consolidated Earnings.(B) Reclassification adjustments out of AOCI are included in net pension income (see Note 12).(C) Reclassification adjustments out of AOCI are included in Interest expense on 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.

23

Segment Results: RevenuesThree Months EndedNine Months EndedMarch 31,March 31, 2025202420252024Employer Services$3,767.9 $3,590.7 $10,417.4 $9,762.3 PEO Services1,788.5 1,665.6 5,026.3 4,681.2 Other(3.4)(2.5)(9.6)(9.4)$5,553.0 $5,253.8 $15,434.1 $14,434.1    Earnings before Income Taxes Three Months EndedNine Months EndedMarch 31,March 31, 2025202420252024Employer Services$1,500.1 $1,421.7 $3,847.3 $3,492.1 PEO Services253.3 235.9 730.6 713.8 Other(131.5)(111.3)(458.5)(422.9)$1,621.9 $1,546.3 $4,119.4 $3,783.0 

24

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