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Revenue
 6 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Based upon similar operational and economic characteristics, the Company’s revenues are disaggregated by its three business pillars: Human Capital Management (“HCM”), HR Outsourcing (“HRO”), and Global Solutions (“Global”), with separate disaggregation for PEO zero-margin benefits pass-through revenues and client funds interest revenues. The Company believes these revenue categories depict how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors.

The following tables provide details of revenue by our business pillars, and include a reconciliation to the Company’s reportable segments:
Three Months EndedSix Months Ended
December 31,December 31,
Types of Revenues2024202320242023
HCM$2,131.9 $1,975.2 $4,157.3 $3,889.4 
HRO, excluding PEO zero-margin benefits pass-throughs943.2 888.7 1,808.4 1,700.4 
PEO zero-margin benefits pass-throughs1,055.2 970.7 2,104.4 1,947.5 
Global645.3 608.1 1,284.9 1,215.9 
Interest on funds held for clients272.8 225.3 526.1 427.1 
Total Revenues$5,048.4 $4,668.0 $9,881.1 $9,180.3 

Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2024:
Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$2,134.4 $— $(2.5)$2,131.9 
HRO, excluding PEO zero-margin benefits pass-throughs338.5 605.6 (0.9)943.2 
PEO zero-margin benefits pass-throughs— 1,055.2 — 1,055.2 
Global645.3 — — 645.3 
Interest on funds held for clients270.3 2.5 — 272.8 
Total Segment Revenues$3,388.5 $1,663.3 $(3.4)$5,048.4 

Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2023:
Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$1,977.4 $— $(2.2)$1,975.2 
HRO, excluding PEO zero-margin benefits pass-throughs316.4 573.4 (1.1)888.7 
PEO zero-margin benefits pass-throughs— 970.7 — 970.7 
Global608.1 — — 608.1 
Interest on funds held for clients223.3 2.0 — 225.3 
Total Segment Revenues$3,125.2 $1,546.1 $(3.3)$4,668.0 

Reconciliation of disaggregated revenue to our reportable segments for the six months ended December 31, 2024:
Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$4,162.0 $— $(4.7)$4,157.3 
HRO, excluding PEO zero-margin benefits pass-throughs681.3 1,128.6 (1.5)1,808.4 
PEO zero-margin benefits pass-throughs— 2,104.4 — 2,104.4 
Global1,284.9 — — 1,284.9 
Interest on funds held for clients521.3 4.8 — 526.1 
Total Segment Revenues$6,649.5 $3,237.8 $(6.2)$9,881.1 
Reconciliation of disaggregated revenue to our reportable segments for the six months ended December 31, 2023:
Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$3,894.0 $— $(4.6)$3,889.4 
HRO, excluding PEO zero-margin benefits pass-throughs638.5 1,064.3 (2.4)1,700.4 
PEO zero-margin benefits pass-throughs— 1,947.5 — 1,947.5 
Global1,215.9 — — 1,215.9 
Interest on funds held for clients423.2 3.9 — 427.1 
Total Segment Revenues$6,171.6 $3,015.7 $(7.0)$9,180.3 

Contract Balances

The timing of revenue recognition for HCM, HRO and Global is consistent with the invoicing of clients, as invoicing occurs in the period the services are provided. Therefore, the Company does not recognize a contract asset or liability resulting from the timing of revenue recognition and invoicing.

Changes in deferred revenues related to set up fees for the six months ended December 31, 2024 were as follows:
Contract Liability
Contract liability, July 1, 2024$491.6 
Recognition of revenue included in beginning of year contract liability(69.9)
Contract liability, net of revenue recognized on contracts during the period60.9 
Currency translation adjustments(10.8)
Contract liability, December 31, 2024$471.8