Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 24

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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Item 1. Financial Statements

Automatic Data Processing, Inc. and Subsidiaries

Statements of Consolidated Earnings

(In millions, except per share amounts)

(Unaudited)

Three Months EndedNine Months EndedMarch 31,March 31,2025202420252024REVENUES:    Revenues, other than interest on funds held      for clients and PEO revenues$3,412.6 $3,270.3 $9,534.6 $9,011.7 Interest on funds held for clients355.2 320.8 881.3 747.9 PEO revenues (A)1,785.2 1,662.7 5,018.2 4,674.5 TOTAL REVENUES5,553.0 5,253.8 15,434.1 14,434.1 EXPENSES:    Costs of revenues:    Operating expenses2,534.7 2,406.5 7,196.6 6,777.4 Research and development247.1 242.7 719.2 707.8 Depreciation and amortization122.4 119.0 364.6 359.9 TOTAL COSTS OF REVENUES2,904.2 2,768.2 8,280.4 7,845.1 Selling, general, and administrative expenses1,015.8 940.9 2,948.6 2,743.6 Interest expense74.8 62.7 342.2 259.2 TOTAL EXPENSES3,994.8 3,771.8 11,571.2 10,847.9 Other income, net(63.7)(64.3)(256.5)(196.8)EARNINGS BEFORE INCOME TAXES1,621.9 1,546.3 4,119.4 3,783.0 Provision for income taxes372.4 361.4 950.4 860.3 NET EARNINGS$1,249.5 $1,184.9 $3,169.0 $2,922.7 BASIC EARNINGS PER SHARE$3.07 $2.89 $7.78 $7.11 DIL