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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
REVENUES:        
TOTAL REVENUES $ 5,048.4 $ 4,668.0 $ 9,881.1 $ 9,180.3
Costs of revenues:        
Operating expenses 2,376.1 2,213.3 4,661.9 4,370.9
Research and development 239.5 228.7 472.1 465.1
Depreciation and amortization 126.9 119.6 242.2 240.9
TOTAL COSTS OF REVENUES 2,742.5 2,561.6 5,376.2 5,076.9
Selling, general, and administrative expenses 1,006.1 922.5 1,932.8 1,802.8
Interest expense 129.6 104.9 267.4 196.5
TOTAL EXPENSES 3,878.2 3,589.0 7,576.4 7,076.2
Other (income)/expense, net (91.1) (64.8) (192.8) (132.5)
EARNINGS BEFORE INCOME TAXES 1,261.3 1,143.8 2,497.5 2,236.6
Provision for income taxes 298.1 265.4 578.0 498.8
NET EARNINGS $ 963.2 $ 878.4 $ 1,919.5 $ 1,737.8
BASIC EARNINGS PER SHARE (in USD per share) $ 2.36 $ 2.14 $ 4.71 $ 4.22
DILUTED EARNINGS PER SHARE (in USD per share) $ 2.35 $ 2.13 $ 4.69 $ 4.20
Basic weighted average shares outstanding (in shares) 407.6 411.1 407.7 411.4
Diluted weighted average shares outstanding (in shares) 409.0 412.5 409.3 414.0
Revenues, other than interest on funds held for clients and PEO revenues        
REVENUES:        
TOTAL REVENUES $ 3,114.8 $ 2,898.6 $ 6,122.0 $ 5,741.4
Interest on funds held for clients        
REVENUES:        
TOTAL REVENUES 272.8 225.3 526.1 427.1
PEO Revenues        
REVENUES:        
TOTAL REVENUES [1] $ 1,660.8 $ 1,544.1 $ 3,233.0 $ 3,011.8
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $19,420.8 million and $18,379.2 million for the three months ended December 31, 2024 and 2023, respectively, and $36,614.4 million and $34,373.8 million for the six months ended December 31, 2024 and 2023, respectively.