v3.26.1
Revenue
 12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
Based upon similar operational and economic characteristics, the Company’s revenues are disaggregated as follows: Human Capital Management (“HCM”), HR Outsourcing (“HRO”), and Global Solutions (“Global”), with separate disaggregation for PEO zero-margin benefits pass-through revenues and client fund 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.

HCM provides a suite of product offerings that assist employers of all types and sizes in all stages of the employment cycle, from recruitment to retirement. Global is generally consistent with the types of services provided within HCM but represent geographies outside of the United States and includes our multinational offerings. HCM and Global revenues are primarily attributable to fees for providing payroll services, benefits administration, talent management, workforce management solutions, compliance solutions, retirement services and HR management and fees charged to implement the Company's solutions for clients.

HRO provides a comprehensive human resources outsourcing solution, including offering benefits, providing workers’ compensation insurance, and administering state unemployment insurance, among other human resources functions. This revenue is primarily driven by PEO. The Company has further disaggregated HRO to separate out its PEO zero-margin benefits pass-through revenues.
The Company recognizes client fund interest revenues on collected but not yet remitted funds held for clients in revenues as earned, as the collection, holding and remittance of these funds are critical components of providing these services.

The following tables provide details of the Company's revenues and includes a reconciliation to the Company’s reportable segments:
Years Ended
June 30,
Types of Revenues202620252024
HCM$9,110.6 $8,674.5 $8,155.7 
HRO, excluding PEO zero-margin benefits pass-throughs3,973.5 3,782.3 3,544.2 
PEO zero-margin benefits pass-throughs4,607.3 4,289.0 3,975.9 
Global2,901.2 2,626.0 2,502.1 
Interest on funds held for clients1,354.8 1,189.1 1,024.7 
Total revenues$21,947.4 $20,560.9 $19,202.6 

Reconciliation of disaggregated revenue to our reportable segments for the year ended June 30, 2026:
Types of RevenuesEmployer ServicesPEOTotal
HCM$9,120.4 $— $9,120.4 
HRO, excluding PEO zero-margin benefits pass-throughs1,467.4 2,508.4 3,975.8 
PEO zero-margin benefits pass-throughs— 4,607.3 4,607.3 
Global2,901.2 — 2,901.2 
Interest on funds held for clients1,342.4 12.4 1,354.8 
Total segment revenues14,831.4 7,128.1 21,959.5 
Intercompany eliminations(12.1)
Total consolidated revenues$21,947.4 

Reconciliation of disaggregated revenue to our reportable segments for the year ended June 30, 2025:
Types of RevenuesEmployer ServicesPEOTotal
HCM$8,684.5 $— $8,684.5 
HRO, excluding PEO zero-margin benefits pass-throughs1,394.3 2,390.6 3,784.9 
PEO zero-margin benefits pass-throughs— 4,289.0 4,289.0 
Global2,626.0 — 2,626.0 
Interest on funds held for clients1,178.3 10.8 1,189.1 
Total segment revenues13,883.1 6,690.4 20,573.5 
Intercompany eliminations(12.6)
Total consolidated revenues$20,560.9 
Reconciliation of disaggregated revenue to our reportable segments for the year ended June 30, 2024:
Types of RevenuesEmployer ServicesPEOTotal
HCM$8,164.2 $— $8,164.2 
HRO, excluding PEO zero-margin benefits pass-throughs1,299.1 2,248.4 3,547.5 
PEO zero-margin benefits pass-throughs— 3,975.9 3,975.9 
Global2,502.1 — 2,502.1 
Interest on funds held for clients1,015.4 9.3 1,024.7 
Total segment revenues12,980.8 6,233.6 19,214.4 
Intercompany eliminations(11.8)
Total consolidated revenues$19,202.6 

Contract Balances

The timing of revenue recognition for our HCM, HRO and Global Solutions services is generally consistent with client invoicing, which occurs monthly either as services are provided or in arrears. When invoicing occurs in arrears, our right to consideration is unconditional and arises solely from the passage of time. Accordingly, the Company does not recognize contract assets related to the timing of revenue recognition and invoicing.

Changes in deferred revenue related to set up fees for the year ended June 30, 2026 were as follows:
Contract Liability
Contract liability, July 1, 2025$520.2 
Recognition of revenue included in beginning of year contract liability(139.5)
Contract liability, net of revenue recognized on contracts during the year147.5 
Currency translation adjustments(2.6)
Contract liability, June 30, 2026$525.6 

Deferred costs
 
The balance is as follows:
June 30,20262025
Deferred costs to obtain a contract$1,500.4 $1,438.6 
Deferred costs to fulfill a contract1,743.7 1,715.5 
Total deferred contract costs (1)$3,244.1 $3,154.1 

(1) The amount of total deferred costs amortized during the years ended June 30, 2026, June 30, 2025, and June 30, 2024 were $1,200.5 million, $1,145.3 million, and $1,067.6 million, respectively.
Deferred costs are periodically reviewed for impairment. There were no impairment losses incurred during the period.