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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
REVENUES:        
TOTAL REVENUES $ 5,553.0 $ 5,253.8 $ 15,434.1 $ 14,434.1
Costs of revenues:        
Operating expenses 2,534.7 2,406.5 7,196.6 6,777.4
Research and development 247.1 242.7 719.2 707.8
Depreciation and amortization 122.4 119.0 364.6 359.9
TOTAL COSTS OF REVENUES 2,904.2 2,768.2 8,280.4 7,845.1
Selling, general, and administrative expenses 1,015.8 940.9 2,948.6 2,743.6
Interest expense 74.8 62.7 342.2 259.2
TOTAL EXPENSES 3,994.8 3,771.8 11,571.2 10,847.9
Other income, net (63.7) (64.3) (256.5) (196.8)
EARNINGS BEFORE INCOME TAXES 1,621.9 1,546.3 4,119.4 3,783.0
Provision for income taxes 372.4 361.4 950.4 860.3
NET EARNINGS $ 1,249.5 $ 1,184.9 $ 3,169.0 $ 2,922.7
BASIC EARNINGS PER SHARE (in USD per share) $ 3.07 $ 2.89 $ 7.78 $ 7.11
DILUTED EARNINGS PER SHARE (in USD per share) $ 3.06 $ 2.88 $ 7.75 $ 7.07
Basic weighted average shares outstanding (in shares) 406.9 410.5 407.5 411.1
Diluted weighted average shares outstanding (in shares) 408.5 412.1 409.1 413.6
Revenues, other than interest on funds held for clients and PEO revenues        
REVENUES:        
TOTAL REVENUES $ 3,412.6 $ 3,270.3 $ 9,534.6 $ 9,011.7
Interest on funds held for clients        
REVENUES:        
TOTAL REVENUES 355.2 320.8 881.3 747.9
PEO Revenues        
REVENUES:        
TOTAL REVENUES [1] $ 1,785.2 $ 1,662.7 $ 5,018.2 $ 4,674.5
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $20,293.3 million and $18,339.6 million for the three months ended March 31, 2025 and 2024, respectively, and $56,907.7 million and $52,713.4 million for the nine months ended March 31, 2025 and 2024, respectively.