Revenue (Tables)

12 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide details of revenue by our business pillars and includes a reconciliation to the Company’s reportable segments.

	Years Ended
	June 30,
Types of Revenues	2024		2023		2022
HCM	$	8,155.7	$	7,716.1	$	7,174.9
HRO, excluding PEO zero-margin benefits pass-throughs	3,544.2		3,386.0		3,116.3
PEO zero-margin benefits pass-throughs	3,975.9		3,800.9		3,514.4
Global	2,502.1		2,295.8		2,240.9
Interest on funds held for clients	1,024.7		813.4		451.8
Total Revenues	$	19,202.6	$	18,012.2	$	16,498.3

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

Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2022:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	7,183.1	$	—	$	(8.2)	$	7,174.9
HRO, excluding PEO zero-margin benefits pass-throughs	1,096.1		2,027.1		(6.9)		3,116.3
PEO zero-margin benefits pass-throughs	—		3,514.4		—		3,514.4
Global	2,240.9		—		—		2,240.9
Interest on funds held for clients	447.6		4.2		—		451.8
Total Segment Revenues	$	10,967.7	$	5,545.7	$	(15.1)	$	16,498.3

Contract with Customer, Liability

Changes in deferred revenue related to set up fees for the fiscal year ended June 30, 2024 were as follows:

Contract Liability
Contract liability, July 1, 2023	$	464.8
Recognition of revenue included in beginning of year contract liability	(132.7)
Contract liability, net of revenue recognized on contracts during the year	148.1
Currency translation adjustments	11.4
Contract liability, June 30, 2024	$	491.6

Deferred Costs

The balance is as follows:

June 30,	2024		2023
Deferred costs to obtain a contract	$	1,353.0	$	1,251.6
Deferred costs to fulfill a contract	1,612.0		1,518.1
Total deferred contract costs (1)	$	2,965.0	$	2,769.7

(1) The amount of total deferred costs amortized during the fiscal years ended June 30, 2024, June 30, 2023, and June 30, 2022 were $1,067.6 million, $992.9 million, and $955.2 million, respectively.