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Revenue | 9 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Based upon similar operational and economic characteristics, the Company’s revenues are disaggregated by its three business pillars: Human Capital Management (“HCM”), HR Outsourcing (“HRO”), and Global Solutions (“Global”), with separate disaggregation for PEO zero-margin benefits pass-through revenues and client funds 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. The following tables provide details of revenue by our business pillars, and include a reconciliation to the Company’s reportable segments:
| Three Months Ended |  | Nine Months Ended
| March 31, |  | March 31,
Types of Revenues | 2025 |  | 2024 |  | 2025 |  | 2024
HCM | $ | 2,392.3 |  |  | $ | 2,278.8 |  |  | $ | 6,549.6 |  |  | $ | 6,168.3 |
HRO, excluding PEO zero-margin benefits pass-throughs | 1,063.6 |  |  | 988.1 |  |  | 2,872.1 |  |  | 2,688.5 |
PEO zero-margin benefits pass-throughs | 1,090.0 |  |  | 1,016.3 |  |  | 3,194.4 |  |  | 2,963.7 |
Global | 651.9 |  |  | 649.8 |  |  | 1,936.7 |  |  | 1,865.7 |
Interest on funds held for clients | 355.2 |  |  | 320.8 |  |  | 881.3 |  |  | 747.9 |
Total Revenues | $ | 5,553.0 |  |  | $ | 5,253.8 |  |  | $ | 15,434.1 |  |  | $ | 14,434.1 |
Reconciliation of disaggregated revenue to our reportable segments for the three months ended March 31, 2025:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 2,395.1 |  |  | $ | — |  |  | $ | (2.8) |  |  | $ | 2,392.3 |
HRO, excluding PEO zero-margin benefits pass-throughs | 369.0 |  |  | 695.2 |  |  | (0.6) |  |  | 1,063.6 |
PEO zero-margin benefits pass-throughs | — |  |  | 1,090.0 |  |  | — |  |  | 1,090.0 |
Global | 651.9 |  |  | — |  |  | — |  |  | 651.9 |
Interest on funds held for clients | 351.9 |  |  | 3.3 |  |  | — |  |  | 355.2 |
Total Segment Revenues | $ | 3,767.9 |  |  | $ | 1,788.5 |  |  | $ | (3.4) |  |  | $ | 5,553.0 |
Reconciliation of disaggregated revenue to our reportable segments for the three months ended March 31, 2024:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 2,280.8 |  |  | $ | — |  |  | $ | (2.0) |  |  | $ | 2,278.8 |
HRO, excluding PEO zero-margin benefits pass-throughs | 342.2 |  |  | 646.4 |  |  | (0.5) |  |  | 988.1 |
PEO zero-margin benefits pass-throughs | — |  |  | 1,016.3 |  |  | — |  |  | 1,016.3 |
Global | 649.8 |  |  | — |  |  | — |  |  | 649.8 |
Interest on funds held for clients | 317.9 |  |  | 2.9 |  |  | — |  |  | 320.8 |
Total Segment Revenues | $ | 3,590.7 |  |  | $ | 1,665.6 |  |  | $ | (2.5) |  |  | $ | 5,253.8 |
Reconciliation of disaggregated revenue to our reportable segments for the nine months ended March 31, 2025:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 6,557.1 |  |  | $ | — |  |  | $ | (7.5) |  |  | $ | 6,549.6 |
HRO, excluding PEO zero-margin benefits pass-throughs | 1,050.4 |  |  | 1,823.8 |  |  | (2.1) |  |  | 2,872.1 |
PEO zero-margin benefits pass-throughs | — |  |  | 3,194.4 |  |  | — |  |  | 3,194.4 |
Global | 1,936.7 |  |  | — |  |  | — |  |  | 1,936.7 |
Interest on funds held for clients | 873.2 |  |  | 8.1 |  |  | — |  |  | 881.3 |
Total Segment Revenues | $ | 10,417.4 |  |  | $ | 5,026.3 |  |  | $ | (9.6) |  |  | $ | 15,434.1 |
Reconciliation of disaggregated revenue to our reportable segments for the nine months ended March 31, 2024:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 6,174.8 |  |  | $ | — |  |  | $ | (6.5) |  |  | $ | 6,168.3 |
HRO, excluding PEO zero-margin benefits pass-throughs | 980.7 |  |  | 1,710.7 |  |  | (2.9) |  |  | 2,688.5 |
PEO zero-margin benefits pass-throughs | — |  |  | 2,963.7 |  |  | — |  |  | 2,963.7 |
Global | 1,865.7 |  |  | — |  |  | — |  |  | 1,865.7 |
Interest on funds held for clients | 741.1 |  |  | 6.8 |  |  | — |  |  | 747.9 |
Total Segment Revenues | $ | 9,762.3 |  |  | $ | 4,681.2 |  |  | $ | (9.4) |  |  | $ | 14,434.1 |
Contract Balances The timing of revenue recognition for HCM, HRO and Global 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 revenues related to set up fees for the nine months ended March 31, 2025 were as follows:
Contract Liability |
Contract liability, July 1, 2024 | $ | 491.6 |
Recognition of revenue included in beginning of year contract liability | (102.4) |
Contract liability, net of revenue recognized on contracts during the period | 103.7 |
Currency translation adjustments | (0.7) |
Contract liability, March 31, 2025 | $ | 492.2 |

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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 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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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