Revenue (Tables)

3 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Disaggregation of Revenue

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

	Three Months Ended
	September 30,
Types of Revenues	2024		2023
HCM	$	2,025.4	$	1,914.4
HRO, excluding PEO zero-margin benefits pass-throughs	865.2		811.7
PEO zero-margin benefits pass-throughs	1,049.2		976.7
Global	639.6		607.9
Interest on funds held for clients	253.3		201.7
Total Revenues	$	4,832.7	$	4,512.4

Reconciliation of disaggregated revenue to our reportable segments for the three months ended September 30, 2024:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	2,027.6	$	—	$	(2.2)	$	2,025.4
HRO, excluding PEO zero-margin benefits pass-throughs	342.8		523.0		(0.6)		865.2
PEO zero-margin benefits pass-throughs	—		1,049.2		—		1,049.2
Global	639.6		—		—		639.6
Interest on funds held for clients	251.0		2.3		—		253.3
Total Segment Revenues	$	3,261.0	$	1,574.5	$	(2.8)	$	4,832.7

Reconciliation of disaggregated revenue to our reportable segments for the three months ended September 30, 2023:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	1,916.7	$	—	$	(2.3)	$	1,914.4
HRO, excluding PEO zero-margin benefits pass-throughs	322.0		491.0		(1.3)		811.7
PEO zero-margin benefits pass-throughs	—		976.7		—		976.7
Global	607.9		—		—		607.9
Interest on funds held for clients	199.8		1.9		—		201.7
Total Segment Revenues	$	3,046.4	$	1,469.6	$	(3.6)	$	4,512.4

Summary of Contract with Customer, Liability

Changes in deferred revenues related to set up fees for the three months ended September 30, 2024 were as follows:

Contract Liability
Contract liability, July 1, 2024	$	491.6
Recognition of revenue included in beginning of year contract liability	(35.9)
Contract liability, net of revenue recognized on contracts during the period	28.0
Currency translation adjustments	10.8
Contract liability, September 30, 2024	$	494.5