Revenue (Tables)

9 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
Types of Revenues	2023		2022		2023		2022
HCM	$	2,163.8	$	2,014.0	$	5,836.6	$	5,424.6
HRO, excluding PEO zero-margin benefits pass-throughs	955.1		906.4		2,586.3		2,344.4
PEO zero-margin benefits pass-throughs	956.3		897.2		2,846.3		2,600.6
Global	603.2		577.4		1,687.5		1,676.0
Interest on funds held for clients	249.4		118.0		577.7		325.0
Total Revenues	$	4,927.8	$	4,513.0	$	13,534.4	$	12,370.6

Reconciliation of disaggregated revenue to our reportable segments for the three months ended March 31, 2023:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	2,165.8	$	—	$	(2.0)	$	2,163.8
HRO, excluding PEO zero-margin benefits pass-throughs	323.0		633.4		(1.3)		955.1
PEO zero-margin benefits pass-throughs	—		956.3		—		956.3
Global	603.2		—		—		603.2
Interest on funds held for clients	247.1		2.3		—		249.4
Total Segment Revenues	$	3,339.1	$	1,592.0	$	(3.3)	$	4,927.8

Reconciliation of disaggregated revenue to our reportable segments for the three months ended March 31, 2022:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	2,015.2	$	—	$	(1.2)	$	2,014.0
HRO, excluding PEO zero-margin benefits pass-throughs	292.5		615.5		(1.6)		906.4
PEO zero-margin benefits pass-throughs	—		897.2		—		897.2
Global	577.4		—		—		577.4
Interest on funds held for clients	116.9		1.1		—		118.0
Total Segment Revenues	$	3,002.0	$	1,513.8	$	(2.8)	$	4,513.0

Reconciliation of disaggregated revenue to our reportable segments for the nine months ended March 31, 2023:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	5,843.2	$	—	$	(6.6)	$	5,836.6
HRO, excluding PEO zero-margin benefits pass-throughs	918.2		1,673.1		(5.0)		2,586.3
PEO zero-margin benefits pass-throughs	—		2,846.3		—		2,846.3
Global	1,687.5		—		—		1,687.5
Interest on funds held for clients	572.4		5.3		—		577.7
Total Segment Revenues	$	9,021.3	$	4,524.7	$	(11.6)	$	13,534.4

Reconciliation of disaggregated revenue to our reportable segments for the nine months ended March 31, 2022:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	5,430.2	$	—	$	(5.6)	$	5,424.6
HRO, excluding PEO zero-margin benefits pass-throughs	816.6		1,533.1		(5.3)		2,344.4
PEO zero-margin benefits pass-throughs	—		2,600.6		—		2,600.6
Global	1,676.0		—		—		1,676.0
Interest on funds held for clients	322.0		3.0		—		325.0
Total Segment Revenues	$	8,244.8	$	4,136.7	$	(10.9)	$	12,370.6

Contract with Customer, Liability

Changes in short-term deferred revenues related to set up fees for the nine months ended March 31, 2023 were as follows:

Contract Liability
Contract liability, July 1, 2022	$	468.2
Recognition of revenue included in beginning of year contract liability	(32.0)
Contract liability, net of revenue recognized on contracts during the period	44.0
Currency translation adjustments	(17.1)
Contract liability, March 31, 2023	$	463.1