v3.26.1
Interim Financial Data by Segment
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Interim Financial Data by Segment Interim Financial Data by Segment
Based upon similar economic and operational characteristics, the Company’s strategic business units have been aggregated into the following two reportable segments: Employer Services and PEO Services. Certain revenues and expenses are charged to the reportable segments at a standard rate for management reasons. Other costs are recorded based on management responsibility.

The Company's Chief Operating Decision Maker ("CODM") is the Chief Executive Officer. For each reportable segment, the CODM uses earnings before income taxes, including plan-to-actual and forecast-to-actual results, to assess segment performance and allocate resources (including personnel and capital resources) amongst its strategic business units. The CODM does not review assets at the reportable segment level, hence segment disclosure relating to total assets has not been provided.

The following tables present the Company's revenues, significant segment expenses, and earnings before income taxes by reportable segment:
Three Months Ended March 31, 2026Employer ServicesPEO ServicesTotal
Revenues from external customers$3,633.0 $1,902.3 $5,535.3 
Interest on funds held for clients400.2 3.7 403.9 
Intercompany revenues 2.9 — 2.9 
Total segment revenues4,036.1 1,906.0 5,942.1 
Reconciliation of revenues:
Intercompany eliminations(2.9)
Total consolidated revenues$5,939.2 
Less segment expenses: (a)
Selling and marketing603.0 109.5 
Zero-margin benefits pass-through costs— 1,170.0 
Worker's compensation coverage and state unemployment taxes— 271.4 
Other segment expenses (b)1,775.0 107.9 
Total segment earnings before income taxes1,658.1 247.2 1,905.3 
Reconciliation of earnings before income taxes:
Other (c)(123.5)
Total consolidated earnings before income taxes$1,781.8 

Three Months Ended March 31, 2025Employer ServicesPEO ServicesTotal
Revenues from external customers$3,412.6 $1,785.2 $5,197.8 
Interest on funds held for clients351.9 3.3 355.2 
Intercompany revenues 3.4 — 3.4 
Total segment revenues3,767.9 1,788.5 5,556.4 
Reconciliation of revenues:
Intercompany eliminations(3.4)
Total consolidated revenues$5,553.0 
Less segment expenses: (a)
Selling and marketing555.0 94.0 
Zero-margin benefits pass-through costs— 1,090.0 
Worker's compensation coverage and state unemployment taxes— 252.5 
Other segment expenses (b)1,712.8 98.7 
Total segment earnings before income taxes1,500.1 253.3 1,753.4 
Reconciliation of earnings before income taxes:
Other (c)(131.5)
Total consolidated earnings before income taxes$1,621.9 
Nine Months Ended March 31, 2026Employer ServicesPEO ServicesTotal
Revenues from external customers$10,134.7 $5,339.5 $15,474.2 
Interest on funds held for clients990.2 9.2 999.4 
Intercompany revenues 9.7 — 9.7 
Total segment revenues11,134.6 5,348.7 16,483.3 
Reconciliation of revenues:
Intercompany eliminations(9.7)
Total consolidated revenues$16,473.6 
Less segment expenses: (a)
Selling and marketing1,733.5 304.9 
Zero-margin benefits pass-through costs— 3,427.2 
Worker's compensation coverage and state unemployment taxes— 564.8 
Other segment expenses (b)5,235.5 332.8 
Total segment earnings before income taxes4,165.6 719.0 4,884.6 
Reconciliation of earnings before income taxes:
Other (c)(412.1)
Total consolidated earnings before income taxes$4,472.5 

Nine Months Ended March 31, 2025Employer ServicesPEO ServicesTotal
Revenues from external customers$9,534.6 $5,018.2 $14,552.8 
Interest on funds held for clients873.2 8.1 881.3 
Intercompany revenues 9.6 — 9.6 
Total segment revenues10,417.4 5,026.3 15,443.7 
Reconciliation of revenues:
Intercompany eliminations(9.6)
Total consolidated revenues$15,434.1 
Less segment expenses: (a)
Selling and marketing1,591.9 266.1 
Zero-margin benefits pass-through costs— 3,194.4 
Worker's compensation coverage and state unemployment taxes— 532.9 
Other segment expenses (b)4,978.2 302.3 
Total segment earnings before income taxes3,847.3 730.6 4,577.9 
Reconciliation of earnings before income taxes:
Other (c)(458.5)
Total consolidated earnings before income taxes$4,119.4 
(a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intercompany expenses are included in the amounts shown.
(b) Other segment expenses for both reportable segments include operating, research and development, depreciation and amortization, and other general and administrative expenses.
(c) Other represents certain corporate overhead charges and expenses that have not been allocated to the reportable segments, including corporate functions, legal settlements, company-wide severance initiatives, non-recurring gains and losses, the elimination of intercompany transactions, and interest income and expense.

The following table presents the Company's depreciation and amortization included in earnings before income taxes for each reportable segment:

Three Months EndedNine Months Ended
March 31,March 31,
2026202520262025
Employer Services$131.6 $129.8 $393.2 $383.7 
PEO Services0.5 1.7 1.7 5.0 
Other14.3 15.6 43.8 48.0 
Total depreciation and amortization$146.4 $147.1 $438.7 $436.7