v3.26.1
Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
REVENUES:        
Revenues $ 5,939.2 $ 5,553.0 $ 16,473.6 $ 15,434.1
Costs of revenues:        
Operating expenses 2,696.0 2,534.7 7,666.5 7,196.6
Research and development 253.9 247.1 762.9 719.2
Depreciation and amortization 122.1 122.4 368.3 364.6
TOTAL COSTS OF REVENUES 3,072.0 2,904.2 8,797.7 8,280.4
Selling, general, and administrative expenses 1,081.7 1,015.8 3,156.0 2,948.6
Interest expense 78.7 74.8 338.3 342.2
TOTAL EXPENSES 4,232.4 3,994.8 12,292.0 11,571.2
Other (income)/loss, net (75.0) (63.7) (290.9) (256.5)
EARNINGS BEFORE INCOME TAXES 1,781.8 1,621.9 4,472.5 4,119.4
Provision for income taxes 422.0 372.4 1,037.6 950.4
NET EARNINGS $ 1,359.8 $ 1,249.5 $ 3,434.9 $ 3,169.0
BASIC EARNINGS PER SHARE (in dollars per share) $ 3.39 $ 3.07 $ 8.51 $ 7.78
DILUTED EARNINGS PER SHARE (in dollars per share) $ 3.38 $ 3.06 $ 8.49 $ 7.75
Basic weighted average shares outstanding (in shares) 401.7 406.9 403.5 407.5
Diluted weighted average shares outstanding (in shares) 402.5 408.5 404.5 409.1
Revenues, other than interest on funds held for clients and PEO revenues        
REVENUES:        
Revenues $ 3,633.1 $ 3,412.6 $ 10,134.7 $ 9,534.6
Interest on funds held for clients        
REVENUES:        
Revenues 403.9 355.2 999.4 881.3
PEO revenues        
REVENUES:        
Revenues [1] $ 1,902.2 $ 1,785.2 $ 5,339.5 $ 5,018.2
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $21,484.7 million and $20,293.3 million for the three months ended March 31, 2026 and 2025, respectively, and $60,566.0 million and $56,907.7 million for the nine months ended March 31, 2026 and 2025, respectively.