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Revenue | 12 Months Ended
--- | ---
Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | REVENUE Based upon similar operational and economic characteristics, the Company’s revenues are disaggregated as follows: Human Capital Management (“HCM”), HR Outsourcing (“HRO”), and Global Solutions (“Global”), with separate disaggregation for PEO zero-margin benefits pass-through revenues and client fund interest revenues. The Company believes these revenue categories depict how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors. HCM provides a suite of product offerings that assist employers of all types and sizes in all stages of the employment cycle, from recruitment to retirement. Global is generally consistent with the types of services provided within HCM but represent geographies outside of the United States and includes our multinational offerings. HCM and Global revenues are primarily attributable to fees for providing solutions for payroll, benefits, talent, retirement services and HR processing and fees charged to implement the Company's solutions for clients. HRO provides a comprehensive human resources outsourcing solution, including offering benefits, providing workers’ compensation insurance, and administering state unemployment insurance, among other human resources functions. This revenue is primarily driven by PEO. The Company has further disaggregated HRO to separate out its PEO zero-margin benefits pass-through revenues. The Company recognizes client fund interest revenues on collected but not yet remitted funds held for clients in revenues as earned, as the collection, holding and remittance of these funds are critical components of providing these services. The following tables provide details of the Company's revenues and includes a reconciliation to the Company’s reportable segments:
|  |  | Years Ended
|  |  | June 30,
Types of Revenues |  |  |  |  | 2025 |  | 2024 |  | 2023
HCM |  |  |  |  | $ | 8,674.5 |  |  | $ | 8,155.7 |  |  | $ | 7,716.1 |
HRO, excluding PEO zero-margin benefits pass-throughs |  |  |  |  | 3,782.3 |  |  | 3,544.2 |  |  | 3,386.0 |
PEO zero-margin benefits pass-throughs |  |  |  |  | 4,289.0 |  |  | 3,975.9 |  |  | 3,800.9 |
Global |  |  |  |  | 2,626.0 |  |  | 2,502.1 |  |  | 2,295.8 |
Interest on funds held for clients |  |  |  |  | 1,189.1 |  |  | 1,024.7 |  |  | 813.4 |
Total Revenues |  |  |  |  | $ | 20,560.9 |  |  | $ | 19,202.6 |  |  | $ | 18,012.2 |
Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2025:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 8,684.5 |  |  | $ | — |  |  | $ | (10.0) |  |  | $ | 8,674.5 |
HRO, excluding PEO zero-margin benefits pass-throughs | 1,394.3 |  |  | 2,390.6 |  |  | (2.6) |  |  | 3,782.3 |
PEO zero-margin benefits pass-throughs | — |  |  | 4,289.0 |  |  | — |  |  | 4,289.0 |
Global | 2,626.0 |  |  | — |  |  | — |  |  | 2,626.0 |
Interest on funds held for clients | 1,178.3 |  |  | 10.8 |  |  | — |  |  | 1,189.1 |
Total Segment Revenues | $ | 13,883.1 |  |  | $ | 6,690.4 |  |  | $ | (12.6) |  |  | $ | 20,560.9 |
Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2024:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 8,164.2 |  |  | $ | — |  |  | $ | (8.5) |  |  | $ | 8,155.7 |
HRO, excluding PEO zero-margin benefits pass-throughs | 1,299.1 |  |  | 2,248.4 |  |  | (3.3) |  |  | 3,544.2 |
PEO zero-margin benefits pass-throughs | — |  |  | 3,975.9 |  |  | — |  |  | 3,975.9 |
Global | 2,502.1 |  |  | — |  |  | — |  |  | 2,502.1 |
Interest on funds held for clients | 1,015.4 |  |  | 9.3 |  |  | — |  |  | 1,024.7 |
Total Segment Revenues | $ | 12,980.8 |  |  | $ | 6,233.6 |  |  | $ | (11.8) |  |  | $ | 19,202.6 |
Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2023:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 7,724.7 |  |  | $ | — |  |  | $ | (8.6) |  |  | $ | 7,716.1 |
HRO, excluding PEO zero-margin benefits pass-throughs | 1,216.1 |  |  | 2,175.9 |  |  | (6.0) |  |  | 3,386.0 |
PEO zero-margin benefits pass-throughs | — |  |  | 3,800.9 |  |  | — |  |  | 3,800.9 |
Global | 2,295.8 |  |  | — |  |  | — |  |  | 2,295.8 |
Interest on funds held for clients | 806.0 |  |  | 7.4 |  |  | — |  |  | 813.4 |
Total Segment Revenues | $ | 12,042.6 |  |  | $ | 5,984.2 |  |  | $ | (14.6) |  |  | $ | 18,012.2 |
Contract Balances The timing of revenue recognition for our HCM, HRO and Global Solutions is consistent with the invoicing of clients, as invoicing occurs in the period the services are provided. Therefore, the Company does not recognize a contract asset or liability resulting from the timing of revenue recognition and invoicing. Changes in deferred revenue related to set up fees for the fiscal year ended June 30, 2025 were as follows:
Contract Liability |
Contract liability, July 1, 2024 | $ | 491.6 |
Recognition of revenue included in beginning of year contract liability | (134.1) |
Contract liability, net of revenue recognized on contracts during the year | 140.4 |
Currency translation adjustments | 22.3 |
Contract liability, June 30, 2025 | $ | 520.2 |
Deferred costs The balance is as follows:
June 30, |  | 2025 |  | 2024
Deferred costs to obtain a contract |  | $ | 1,438.6 |  |  | $ | 1,353.0 |
Deferred costs to fulfill a contract |  | 1,715.5 |  |  | 1,612.0 |
Total deferred contract costs (1) |  | $ | 3,154.1 |  |  | $ | 2,965.0 |
(1) The amount of total deferred costs amortized during the fiscal years ended June 30, 2025, June 30, 2024, and June 30, 2023 were $1,145.3 million, $1,067.6 million, and $992.9 million, respectively. Deferred costs are periodically reviewed for impairment. There were no impairment losses incurred during the period.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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