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

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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UTED EARNINGS PER SHARE$3.06 $2.88 $7.75 $7.07 Basic weighted average shares outstanding406.9 410.5 407.5 411.1 Diluted weighted average shares outstanding408.5 412.1 409.1 413.6 

(A) Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $20,293.3 million and $18,339.6 million for the three months ended March 31, 2025 and 2024, respectively, and $56,907.7 million and $52,713.4 million for the nine months ended March 31, 2025 and 2024, respectively.

See notes to the Consolidated Financial Statements.

3

 Automatic Data Processing, Inc. and Subsidiaries

Statements of Consolidated Comprehensive Income

(In millions)

(Unaudited)

Three Months EndedNine Months EndedMarch 31,March 31,2025202420252024Net earnings$1,249.5 $1,184.9 $3,169.0 $2,922.7 Other comprehensive income/(loss):Currency translation adjustments45.3 (37.4)(6.5)(28.1)Unrealized net gains/(losses) on available-for-sale securities386.2 (91.0)826.9 618.8 Tax effect(87.5)19.1 (191.2)(145.7)Reclassification of realized net losses on available-for-sale securities to net earnings0.1 1.2 0.8 5.2 Tax effect— (0.2)(0.1)(1.1)Unrealized loss on cash flow hedging activities(4.7)— (17.2)—         Tax effect1.2 — 4.3 — Amortization of unrealized losses on cash flow hedging activities1.4 1.1 4.0 3.3 Tax effect(0.3)(0.3)(1.0)(0.8)Reclassification of pension liability adjustment to net earnings1.2 1.0 3.0 2.9 Tax effect(0.2)(0.2)(0.7)(0.6)Other comprehensive income/(