Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 24

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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ED EARNINGS PER SHARE$2.35 $2.13 $4.69 $4.20 Basic weighted average shares outstanding407.6 411.1 407.7 411.4 Diluted weighted average shares outstanding409.0 412.5 409.3 414.0 

(A) Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $19,420.8 million and $18,379.2 million for the three months ended December 31, 2024 and 2023, respectively, and $36,614.4 million and $34,373.8 million for the six months ended December 31, 2024 and 2023, 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 EndedSix Months EndedDecember 31,December 31,2024202320242023Net earnings$963.2 $878.4 $1,919.5 $1,737.8 Other comprehensive income/(losses):Currency translation adjustments(101.0)53.9 (51.8)9.3 Unrealized net (losses)/gains on available-for-sale securities(423.8)860.5 440.5 709.9 Tax effect94.2 (194.9)(103.6)(164.8)Reclassification of realized net losses on available-for-sale securities to net earnings0.6 2.0 0.8 4.0 Tax effect(0.1)(0.5)(0.1)(1.0)Unrealized loss on cash flow hedging activities— — (12.5)—         Tax effect— — 3.1 — Amortization of unrealized losses on cash flow hedging activities1.4 1.1 2.5 2.2 Tax effect(0.3)(0.2)(0.6)(0.5)Reclassification of pension liability adjustment to net earnings0.7 0.9 1.8 1.9 Tax effect(0.2)(0.2)(0.5)(0.4)Other comprehensive (loss)/income, net of