Revenue (Tables)

3 Months Ended

Sep. 30, 2022

The following tables provide details of revenue by our strategic pillars, and include a reconciliation to the Company’s reportable segments:



	Three Months Ended
	September 30,
Types of Revenues	2022		2021
HCM	$	1,811.0	$	1,666.7
HRO, excluding PEO zero-margin benefits pass-throughs	777.3		679.3
PEO zero-margin benefits pass-throughs	945.8		839.5
Global	540.5		545.7
Interest on funds held for clients	141.0		101.1
Total Revenues	$	4,215.6	$	3,832.3

Reconciliation of disaggregated revenue to our reportable segments for the three months ended September 30, 2022:


Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	1,813.2	$	—	$	(2.2)	$	1,811.0
HRO, excluding PEO zero-margin benefits pass-throughs	296.8		482.3		(1.8)		777.3
PEO zero-margin benefits pass-throughs	—		945.8		—		945.8
Global	540.5		—		—		540.5
Interest on funds held for clients	139.7		1.3		—		141.0
Total Segment Revenues	$	2,790.2	$	1,429.4	$	(4.0)	$	4,215.6

Reconciliation of disaggregated revenue to our reportable segments for the three months ended September 30, 2021:


Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	1,669.1	$	—	$	(2.4)	$	1,666.7
HRO, excluding PEO zero-margin benefits pass-throughs	256.2		424.0		(0.9)		679.3
PEO zero-margin benefits pass-throughs	—		839.5		—		839.5
Global	545.7		—		—		545.7
Interest on funds held for clients	100.5		0.6		—		101.1
Total Segment Revenues	$	2,571.5	$	1,264.1	$	(3.3)	$	3,832.3

Changes in short-term deferred revenues related to set up fees for the three months ended September 30, 2022 were as follows:


Contract Liability
Contract liability, July 1, 2022	$	468.2
Recognition of revenue included in beginning of year contract liability	(35.6)
Contract liability, net of revenue recognized on contracts during the period	29.9
Currency translation adjustments	(12.1)
Contract liability, September 30, 2022	$	450.4