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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
REVENUES:    
TOTAL REVENUES $ 4,832.7 $ 4,512.4
Costs of revenues:    
Operating expenses 2,285.8 2,157.6
Research and development 232.6 236.5
Depreciation and amortization 115.3 121.3
TOTAL COSTS OF REVENUES 2,633.7 2,515.4
Selling, general, and administrative expenses 926.7 880.3
Interest expense 137.8 91.6
TOTAL EXPENSES 3,698.2 3,487.3
Other (income)/expense, net (101.7) (67.7)
EARNINGS BEFORE INCOME TAXES 1,236.2 1,092.8
Provision for income taxes 279.9 233.4
NET EARNINGS $ 956.3 $ 859.4
BASIC EARNINGS PER SHARE (in USD per share) $ 2.34 $ 2.09
DILUTED EARNINGS PER SHARE (in USD per share) $ 2.34 $ 2.08
Basic weighted average shares outstanding (in shares) 407.9 411.7
Diluted weighted average shares outstanding (in shares) 409.5 413.6
Revenues, other than interest on funds held for clients and PEO revenues    
REVENUES:    
TOTAL REVENUES $ 3,007.2 $ 2,843.0
Interest on funds held for clients    
REVENUES:    
TOTAL REVENUES 253.3 201.7
PEO Revenues    
REVENUES:    
TOTAL REVENUES [1] $ 1,572.2 $ 1,467.7
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $17,193.6 million and $15,994.6 million for the three months ended September 30, 2024 and 2023, respectively.