← Filings of ADP
Tables in the 10-Q of AUTOMATIC DATA PROCESSING INC
61 tables with numbers, filed Oct 30, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| | Page |
| PART I – FINANCIAL INFORMATION | | |
| Item 1. | Financial Statements (Unaudited) | |
| Statements of Consolidated Earnings Three months ended September 30, 2026 and 2025 | 3 |
| Statements of Consolidated Comprehensive IncomeThree months ended September 30, 2026 and 2025 | 4 |
| Consolidated Balance SheetsAt September 30, 2026 and June 30, 2026 | 5 |
| Statements of Consolidated Cash Flows Three months ended September 30, 2026 and 2025 | 6 |
| Notes to the Consolidated Financial Statements | 7 |
First 8 of 18 rows. The CSV has all of them.
| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| REVENUES: | | | |
| Revenues, other than interest on funds held for clients and PEO revenues | $3,356.2 | | $3,203.5 |
| Interest on funds held for clients | 329.3 | | 286.8 |
| PEO revenues (a) | 1,805.2 | | 1,684.9 |
| TOTAL REVENUES | 5,490.7 | | 5,175.2 |
First 8 of 25 rows. The CSV has all of them.
| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Net earnings | $1,125.2 | | $1,013.0 |
| Other comprehensive income/(loss): | | | |
| Currency translation adjustments | (9.9) | | (15.5) |
| Unrealized net gains/(losses) on available-for-sale securities | (855.0) | | 215.7 |
| Tax effect | 193.4 | | (48.3) |
First 8 of 18 rows. The CSV has all of them.
| September 30, | June 30, | |
| 2026 | 2026 | |
| Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $3,277.0 | | $4,230.1 |
| Accounts receivable, net of allowance for doubtful accounts of $50.3 and $44.5, respectively | 3,524.0 | | 3,521.1 |
| Other current assets | 1,291.6 | | 852.1 |
| Total current assets before funds held for clients | 8,092.6 | | 8,603.3 |
First 8 of 45 rows. The CSV has all of them.
| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Cash Flows from Operating Activities: | | | |
| Net earnings | $1,125.2 | | $1,013.0 |
| Adjustments to reconcile net earnings to cash flows provided by operating activities: | | | |
| Depreciation and amortization | 155.0 | | 146.7 |
| Amortization of deferred contract costs | 302.6 | | 298.6 |
First 8 of 51 rows. The CSV has all of them.
Table 6 after “Recently Issued Accounting Pronouncements”
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| Standard | Description | Effective Date | Effect on Financial Statements or Other Significant Matters |
| ASU 2025-06 Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software | This update modernizes the accounting guidance for internal-use software costs and requires capitalization of software costs to begin when (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended. | July 1, 2028 (fiscal 2029) | The Company is assessing this guidance and has not yet determined the impact of ASU 2025-06 on its consolidated results of operations, financial condition, or cash flows. |
| ASU 2024-03 Disaggregation of Income Statement Expenses (Subtopic 220-40) | This update improves financial reporting by requiring enhanced disclosures of the expense captions in the Income Statement within the Notes to the financial statements. | June 30, 2028 (fiscal 2028) | The Company is assessing this guidance. The adoption will modify disclosures but will not have an impact on the Company's consolidated results of operations, financial condition, or cash flows. |
Table 7 after “The following tables provide details of the Company's revenues and includes a reconciliation to the Company’s reportable segments:”
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| Three Months Ended | | |
| September 30, | | |
| Types of Revenues | 2026 | 2025 | |
| HCM | $2,255.4 | | $2,155.7 |
| HRO, excluding PEO zero-margin benefits pass-throughs | 953.1 | | 911.4 |
| PEO zero-margin benefits pass-throughs | 1,228.6 | | 1,131.0 |
| Global | 724.3 | | 690.3 |
| Interest on funds held for clients | 329.3 | | 286.8 |
First 8 of 9 rows. The CSV has all of them.
Table 8 after “Reconciliation of disaggregated revenue to our reportable segments for the three months ended September 30, 2026:”
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| Types of Revenues | Employer Services | PEO | | Total | |
| HCM | $2,258.7 | | $— | | $2,258.7 |
| HRO, excluding PEO zero-margin benefits pass-throughs | 376.1 | | 576.5 | | 952.6 |
| PEO zero-margin benefits pass-throughs | — | | 1,228.6 | | 1,228.6 |
| Global | 724.3 | | — | | 724.3 |
| Interest on funds held for clients | 326.3 | | 3.0 | | 329.3 |
| Total segment revenues | 3,685.4 | | 1,808.1 | | 5,493.5 |
| Intercompany eliminations | | | | (2.8) | |
First 8 of 9 rows. The CSV has all of them.
Table 9 after “Reconciliation of disaggregated revenue to our reportable segments for the three months ended September 30, 2025:”
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| Types of Revenues | Employer Services | PEO | | Total | |
| HCM | $2,158.3 | | $— | | $2,158.3 |
| HRO, excluding PEO zero-margin benefits pass-throughs | 358.4 | | 553.9 | | 912.3 |
| PEO zero-margin benefits pass-throughs | — | | 1,131.0 | | 1,131.0 |
| Global | 690.3 | | — | | 690.3 |
| Interest on funds held for clients | 284.2 | | 2.6 | | 286.8 |
| Total segment revenues | 3,491.2 | | 1,687.5 | | 5,178.7 |
| Intercompany eliminations | | | | (3.5) | |
First 8 of 9 rows. The CSV has all of them.
Table 10 after “Changes in deferred revenues related to set up fees for the three months ended September 30, 2026 were as follows:”
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| Contract Liability | |
| Contract liability, July 1, 2026 | $525.6 |
| Recognition of revenue included in beginning of year contract liability | (37.3) |
| Contract liability, net of revenue recognized on contracts during the period | 27.6 |
| Currency translation adjustments | (1.4) |
| Contract liability, September 30, 2026 | $514.5 |
| Basic | Effect of Employee Stock Options | | Effect of Employee Restricted Stock Units | Diluted | | |
| Three Months Ended September 30, 2026 | | | | | | | |
| Net earnings | $1,125.2 | | | | | $1,125.2 | |
| Weighted average shares (in millions) | 396.5 | | 0.3 | | 0.8 | | 397.6 |
| EPS | $2.84 | | | | | $2.83 | |
| Three Months Ended September 30, 2025 | | | | | | | |
| Net earnings | $1,013.0 | | | | | $1,013.0 | |
| Weighted average shares (in millions) | 405.1 | | 0.4 | | 1.0 | | 406.5 |
First 8 of 9 rows. The CSV has all of them.
| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Interest income on corporate funds | $(133.7) | | $(101.5) |
| Realized (gains)/losses on available-for-sale securities, net | 1.4 | | (1.5) |
| Non-service components of pension income, net | (5.1) | | (7.1) |
| Net (gain)/loss on ADP Ventures' investments | (2.9) | | — |
| Other (income)/expense, net | $(140.3) | | $(110.1) |
Table 13 after “Corporate investments and funds held for clients at September 30, 2026 and June 30, 2026 were as follows:”
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| September 30, 2026 | | | | | | |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value (a) | |
| Type of issue: | | | | | | | |
| Money market securities, cash and other cash equivalents, and restricted cash | $10,705.4 | | — | | — | | $10,705.4 |
| Available-for-sale securities: | | | | | | | |
| Corporate bonds | 18,790.1 | | 1.1 | | (757.1) | | 18,034.1 |
| U.S. Treasury securities | 10,990.5 | | 1.6 | | (226.1) | | 10,766.0 |
| Asset-backed securities | 2,756.7 | | 1.4 | | (51.2) | | 2,706.9 |
First 8 of 15 rows. The CSV has all of them.
Table 14 after “million. All available-for-sale securities are included in Level 2 of the fair value hierarchy.”
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| June 30, 2026 | | | | | |
| Amortized Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Fair Value (b) | |
| Type of issue: | | | | | | |
| Money market securities, cash and other cash equivalents | $10,625.2 | | $— | | $— | $10,625.2 |
| Available-for-sale securities: | | | | | | |
| Corporate bonds | 18,643.3 | | 48.1 | | (342.0) | 18,349.4 |
| U.S. Treasury securities | 10,873.1 | | 17.8 | | (57.4) | 10,833.5 |
| Asset-backed securities | 2,437.3 | | 10.4 | | (15.0) | 2,432.7 |
First 8 of 14 rows. The CSV has all of them.
Table 15 after “The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less th”
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| September 30, 2026 | | | | | | | | | |
| Securities in unrealized loss position less than 12 months | Securities in unrealized loss position greater than 12 months | | Total | | | | | | |
| Gross Unrealized Losses | Fair Value | | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | | Fair Value | | |
| Corporate bonds | $(436.9) | | $12,482.6 | | $(320.2) | | $5,203.3 | | $(757.1) | $17,685.9 |
| U.S. Treasury securities | (220.7) | | 9,458.2 | | (5.4) | | 57.4 | | (226.1) | 9,515.6 |
| Asset-backed securities | (45.3) | | 2,241.6 | | (5.9) | | 168.5 | | (51.2) | 2,410.1 |
| Canadian government obligations and Canadian government agency obligations | (27.8) | | 1,204.3 | | (24.4) | | 325.2 | | (52.2) | 1,529.5 |
| Canadian provincial bonds | (18.5) | | 578.0 | | (21.4) | | 375.0 | | (39.9) | 953.0 |
First 8 of 12 rows. The CSV has all of them.
Table 16 after “The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less th”
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| June 30, 2026 | | | | | | | | | |
| Securities in unrealized loss position less than 12 months | Securities in unrealized loss position greater than 12 months | | Total | | | | | | |
| Gross Unrealized Losses | Fair Value | | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | | Fair Value | | |
| Corporate bonds | $(83.5) | | $7,318.7 | | $(258.5) | | $6,252.1 | | $(342.0) | $13,570.8 |
| U.S. Treasury securities | (51.8) | | 6,176.1 | | (5.6) | | 308.2 | | (57.4) | 6,484.3 |
| Asset-backed securities | (8.8) | | 992.6 | | (6.2) | | 298.1 | | (15.0) | 1,290.7 |
| Canadian government obligations and Canadian government agency obligations | (2.2) | | 283.0 | | (19.8) | | 444.4 | | (22.0) | 727.4 |
| Canadian provincial bonds | (1.4) | | 129.8 | | (18.2) | | 379.4 | | (19.6) | 509.2 |
First 8 of 11 rows. The CSV has all of them.
Table 17 after “Classification of corporate investments on the Consolidated Balance Sheets is as follows:”
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| September 30, | June 30, | |
| 2026 | 2026 | |
| Corporate investments: | | | |
| Cash and cash equivalents | $3,277.0 | | $4,230.1 |
| Restricted cash (a) | 22.2 | | — |
| Short-term marketable securities (a) | 50.0 | | — |
| Long-term marketable securities (b) | 195.2 | | 138.6 |
| Total corporate investments | $3,544.4 | | $4,368.7 |
Table 18 after “Funds held for clients have been invested in the following categories:”
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| September 30, | June 30, | |
| 2026 | 2026 | |
| Funds held for clients: | | | |
| Restricted cash and cash equivalents held to satisfy client funds obligations | $7,406.2 | | $6,395.1 |
| Restricted short-term marketable securities held to satisfy client funds obligations | 5,063.2 | | 5,871.3 |
| Restricted long-term marketable securities held to satisfy client funds obligations | 32,263.9 | | 31,691.4 |
| Total funds held for clients | $44,733.3 | | $43,957.8 |
Table 19 after “Expected maturities of available-for-sale securities at September 30, 2026 are as follows:”
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| One year or less | $5,113.2 |
| One year to two years | 6,783.5 |
| Two years to three years | 6,818.8 |
| Three years to four years | 7,753.7 |
| Four years to five years | 5,492.8 |
| After five years | 5,610.3 |
| Total available-for-sale securities | $37,572.3 |
Table 20 after “The components of operating lease expense were as follows:”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Operating lease cost | $30.5 | | $30.6 |
| Short-term lease cost | 0.2 | | 0.3 |
| Variable lease cost | 5.5 | | 5.7 |
| Total operating lease cost | $36.2 | | $36.6 |
Table 21 after “The following table provides supplemental cash flow information related to the Company's leases:”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Cash paid for operating lease liabilities | $31.4 | | $32.2 |
| Operating lease ROU assets obtained in exchange for new operating lease liabilities | $22.1 | | $45.4 |
Table 22 after “Other information related to our operating lease liabilities is as follows:”
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| September 30, | June 30, | |
| 2026 | 2026 | |
| Weighted-average remaining lease term (in years) | 6 | 6 | |
| Weighted-average discount rate | 4.0% | | 3.9% |
| Current operating lease liability | $102.9 | | $103.6 |
Table 23 after “As of September 30, 2026, maturities of operating lease liabilities are as follows:”
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| Nine months ending June 30, 2027 | $86.0 |
| Twelve months ending June 30, 2028 | 94.3 |
| Twelve months ending June 30, 2029 | 69.2 |
| Twelve months ending June 30, 2030 | 57.1 |
| Twelve months ending June 30, 2031 | 47.8 |
| Thereafter | 114.5 |
| Total undiscounted lease obligations | 468.9 |
| Less: Imputed interest | (58.0) |
First 8 of 9 rows. The CSV has all of them.
Table 24 after “Changes in goodwill for the three months ended September 30, 2026 are as follows:”
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| Employer Services | PEO Services | | Total | |
| Balance at June 30, 2026 | $3,279.6 | | $4.8 | | $3,284.4 |
| Additions and other adjustments | (0.1) | | — | | (0.1) |
| Currency translation adjustments | (3.2) | | — | | (3.2) |
| Balance at September 30, 2026 | $3,276.3 | | $4.8 | | $3,281.1 |
Table 25 after “Components of intangible assets, net, are as follows:”
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| September 30, | June 30, | |
| 2026 | 2026 | |
| Intangible assets: | | | |
| Software and software licenses | $4,426.2 | | $4,369.7 |
| Customer contracts and lists | 1,515.2 | | 1,487.0 |
| Other intangibles | 250.1 | | 250.1 |
| 6,191.5 | | 6,106.8 |
| Less accumulated amortization: | | | |
First 8 of 13 rows. The CSV has all of them.
Table 26 after “Estimated future amortization expenses of the Company's existing intangible assets are as follows:”
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| Amount |
| Nine months ending June 30, 2027 | $330.4 |
| Twelve months ending June 30, 2028 | $325.4 |
| Twelve months ending June 30, 2029 | $275.4 |
| Twelve months ending June 30, 2030 | $230.6 |
| Twelve months ending June 30, 2031 | $190.6 |
| Twelve months ending June 30, 2032 | $117.9 |
Table 27 after “Details of the borrowings under the commercial paper program are as follows:”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Average daily borrowings (in billions) | $5.4 | | $4.5 |
| Weighted average interest rates | 3.7% | | 4.4% |
| Weighted average maturity (approximately in days) | 2 days | 2 days | |
Table 28 after “Details of the reverse repurchase agreements are as follows:”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Average outstanding balances (in billions) | $5.4 | | $4.5 |
| Weighted average interest rates | 3.7% | | 4.4% |
Table 29 after “The principal amounts and associated effective interest rates of the Notes and other debt as of September 30, 2026 and June 30, 2026, are as”
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| Debt instrument | Effective Interest Rate | September 30, 2026 | June 30, 2026 | |
| Fixed-rate 1.70% notes due May 15, 2028 | 1.85% | 1,000.0 | | 1,000.0 |
| Fixed-rate 1.25% notes due September 1, 2030 | 1.83% | 1,000.0 | | 1,000.0 |
| Fixed-rate 4.75% notes due May 8, 2032 | 4.95% | 1,000.0 | | 1,000.0 |
| Fixed-rate 4.45% notes due September 9, 2034 | 4.75% | 1,000.0 | | 1,000.0 |
| Fixed-rate 5.00% notes due May 7, 2036 | 5.14% | 1,000.0 | | 1,000.0 |
| Other | | 15.2 | | 1.8 |
| | 5,015.2 | | 5,001.8 |
First 8 of 11 rows. The CSV has all of them.
Table 30 after “The following table represents pre-tax stock-based compensation expense for the three months ended September 30, 2026 and 2025, respectively”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Operating expenses | $10.4 | | $8.6 |
| Selling, general and administrative expenses | 47.0 | | 41.4 |
| Research and development | 9.8 | | 8.7 |
| Total stock-based compensation expense | $67.2 | | $58.7 |
| Number of Options (in thousands) | Weighted Average Price (in dollars) | |
| Options outstanding at July 1, 2026 | 836 | | $163 |
| Options exercised | (91) | | $152 |
| Options outstanding at September 30, 2026 | 745 | | $165 |
Table 32 after “Time-Based Restricted Stock Units:”
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| Number of Units (in thousands) |
| Restricted units outstanding at July 1, 2026 | 1,165 |
| Restricted units granted | 675 |
| Restricted units vested | (537) |
| Restricted units forfeited | (15) |
| Restricted units outstanding at September 30, 2026 | 1,288 |
Table 33 after “Performance-Based Restricted Stock Units:”
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| Number of Units (in thousands) |
| Restricted units outstanding at July 1, 2026 | 785 |
| Restricted units granted | 405 |
| Restricted units vested | (303) |
| Restricted units forfeited | (5) |
| Restricted units outstanding at September 30, 2026 | 882 |
Table 34 after “The components of net pension (income)/expense were as follows:”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Service cost – benefits earned during the period | $2.0 | | $2.0 |
| Interest cost on projected benefits | 22.0 | | 21.7 |
| Expected return on plan assets | (27.0) | | (28.3) |
| Net amortization and deferral | 0.8 | | 0.8 |
| Net pension (income)/expense | $(2.2) | | $(3.8) |
Table 35 after “Changes in stockholders' equity by component are as follows:”
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| Three Months Ended | | | | | | | | | |
| September 30, 2026 | | | | | | | | | |
| Common Stock | Capital in Excess of Par Value | | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income/(Loss) | | Total | | |
| Balance at June 30, 2026 | $63.9 | | $3,067.9 | | $26,967.4 | | $(23,165.9) | | $(902.1) | $6,031.2 |
| Net earnings | — | | — | | 1,125.2 | | — | | — | 1,125.2 |
| Other comprehensive income/(loss) | — | | — | | — | | — | | (668.3) | (668.3) |
| Stock-based compensation expense | — | | 61.2 | | — | | — | | — | 61.2 |
| Issuances relating to stock compensation plans | — | | 16.0 | | — | | 28.5 | | — | 44.5 |
First 8 of 11 rows. The CSV has all of them.
Table 36 after “Changes in stockholders' equity by component are as follows:”
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| Three Months Ended | | | | | | | | | |
| September 30, 2025 | | | | | | | | | |
| Common Stock | Capital in Excess of Par Value | | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income/(Loss) | | Total | | |
| Balance at June 30, 2025 | $63.9 | | $2,788.3 | | $25,240.6 | | $(21,021.4) | | $(883.4) | $6,188.0 |
| Net earnings | — | | — | | 1,013.0 | | — | | — | 1,013.0 |
| Other comprehensive income/(loss) | — | | — | | — | | — | | 152.7 | 152.7 |
| Stock-based compensation expense | — | | 57.2 | | — | | — | | — | 57.2 |
| Issuances relating to stock compensation plans | — | | 22.5 | | — | | 35.3 | | — | 57.8 |
First 8 of 11 rows. The CSV has all of them.
Table 37 after “Changes in AOCI by component are as follows:”
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| Three Months Ended | | | | | | | | | | |
| September 30, 2026 | | | | | | | | | | |
| Currency Translation Adjustment | Net Gains/(Losses) on Available-for-sale Securities | | Cash Flow Hedging Activities | | Pension Liability | | | Accumulated Other Comprehensive Income/(Loss) | | |
| Balance at June 30, 2026 | $(343.0) | | $(363.2) | | | $(20.4) | | $(175.5) | | | $(902.1) |
| Other comprehensive income/(loss) before reclassification adjustments | (9.9) | | (855.0) | | | — | | — | | | (864.9) |
| Tax effect | — | | 193.4 | | | — | | — | | | 193.4 |
| Reclassification adjustments to net earnings | — | | 1.4 | | (a) | 1.4 | (c) | 1.3 | | (b) | 4.1 |
| Tax effect | — | | (0.3) | | | (0.3) | | (0.3) | | | (0.9) |
First 8 of 9 rows. The CSV has all of them.
Table 38 after “Changes in AOCI by component are as follows:”
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| Three Months Ended | | | | | | | | | | |
| September 30, 2025 | | | | | | | | | | |
| Currency Translation Adjustment | Net Gains/(Losses) on Available-for-sale Securities | | Cash Flow Hedging Activities | | Pension Liability | | | Accumulated Other Comprehensive Income/(Loss) | | |
| Balance at June 30, 2025 | $(289.8) | | $(338.9) | | | $(27.7) | | $(227.0) | | | $(883.4) |
| Other comprehensive income/(loss) before reclassification adjustments | (15.5) | | 215.7 | | | — | | — | | | 200.2 |
| Tax effect | — | | (48.3) | | | — | | — | | | (48.3) |
| Reclassification adjustments to net earnings | — | | (1.5) | | (a) | 1.5 | (c) | 1.2 | | (b) | 1.2 |
| Tax effect | — | | 0.3 | | | (0.4) | | (0.3) | | | (0.4) |
First 8 of 9 rows. The CSV has all of them.
Table 39 after “The following tables present the Company's revenues, significant segment expenses, and earnings before income taxes by reportable segment:”
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| Three Months Ended September 30, 2026 | Employer Services | PEO Services | | Total | |
| Revenues from external customers | $3,356.3 | | $1,805.1 | | $5,161.4 |
| Interest on funds held for clients | 326.3 | | 3.0 | | 329.3 |
| Intercompany revenues | 2.8 | | — | | 2.8 |
| Total segment revenues | 3,685.4 | | 1,808.1 | | 5,493.5 |
| Reconciliation of revenues: | | | | | |
| Intercompany eliminations | | | | (2.8) | |
| Total consolidated revenues | | | | $5,490.7 | |
First 8 of 17 rows. The CSV has all of them.
Table 40 after “The following tables present the Company's revenues, significant segment expenses, and earnings before income taxes by reportable segment:”
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| Three Months Ended September 30, 2025 | Employer Services | PEO Services | | Total | |
| Revenues from external customers | $3,203.5 | | $1,684.9 | | $4,888.4 |
| Interest on funds held for clients | 284.2 | | 2.6 | | 286.8 |
| Intercompany revenues | 3.5 | | — | | 3.5 |
| Total segment revenues | 3,491.2 | | 1,687.5 | | 5,178.7 |
| Reconciliation of revenues: | | | | | |
| Intercompany eliminations | | | | (3.5) | |
| Total consolidated revenues | | | | $5,175.2 | |
First 8 of 17 rows. The CSV has all of them.
Table 41 after “The following table presents the Company's depreciation and amortization included in earnings before income taxes for each reportable segmen”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Employer Services | $139.4 | | $131.1 |
| PEO Services | 0.5 | | 0.7 |
| Other | 15.1 | | 14.9 |
| Total depreciation and amortization | $155.0 | | $146.7 |
| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Total Revenues | $5,490.7 | | $5,175.2 |
| YoY Growth | 6% | | 7% |
| YoY Growth, Organic Constant Currency | 6% | | 6% |
| Three Months Ended | | | | |
| September 30, | | | | |
| 2026 | 2025 | | % Change | |
| Costs of revenues: | | | | | |
| Operating expenses | $2,584.9 | | $2,461.6 | | 5% |
| Research and development | 251.3 | | 251.2 | | —% |
| Depreciation and amortization | 129.0 | | 123.3 | | 5% |
| Total costs of revenues | 2,965.2 | | 2,836.1 | | 5% |
First 8 of 11 rows. The CSV has all of them.
| Three Months Ended | | | | |
| September 30, | | | | |
| 2026 | 2025 | | $ Change | |
| Interest income on corporate funds | $(133.7) | | $(101.5) | | $32.2 |
| Realized (gains)/losses on available-for-sale securities, net | 1.4 | | (1.5) | | (2.9) |
| Non-service components of pension income, net | (5.1) | | (7.1) | | (2.0) |
| Net (gain)/loss on ADP Ventures' investments | (2.9) | | — | | 2.9 |
| Other (income)/expense, net | $(140.3) | | $(110.1) | | $30.2 |
Table 45 after “Earnings Before Income Taxes ("EBIT") and Adjusted EBIT”
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| Three Months Ended | | | | |
| September 30, | | | | |
| 2026 | 2025 | | YoY Growth | |
| EBIT | $1,454.9 | | $1,307.5 | | 11% |
| EBIT Margin | 26.5% | | 25.3% | | 120 bps |
| Adjusted EBIT | $1,470.0 | | $1,318.3 | | 12% |
| Adjusted EBIT Margin | 26.8% | | 25.5% | | 130 bps |
Table 46 after “Net Earnings and Diluted EPS, Unadjusted and Adjusted”
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| Three Months Ended | | | | |
| September 30, | | | | |
| 2026 | 2025 | | YoY Growth | |
| Net earnings | $1,125.2 | | $1,013.0 | | 11% |
| Diluted EPS | $2.83 | | $2.49 | | 14% |
| Adjusted net earnings | $1,123.0 | | $1,013.0 | | 11% |
| Adjusted diluted EPS | $2.82 | | $2.49 | | 13% |
Table 47 after “ANALYSIS OF REPORTABLE SEGMENTS”
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| Revenues | | | | | | |
| Three Months Ended | % Change | | | | | |
| September 30, | | | | | | |
| 2026 | 2025 | | As Reported | Organic constant currency | | |
| Employer Services | $3,685.4 | | $3,491.2 | | 6% | | 6% |
| PEO Services | 1,808.1 | | 1,687.5 | | 7% | | 7% |
| Intercompany eliminations | (2.8) | | (3.5) | | n/m | n/m | |
| $5,490.7 | | $5,175.2 | | 6% | | 6% |
Table 48 after “ANALYSIS OF REPORTABLE SEGMENTS”
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| Earnings before Income Taxes | | | | |
| Three Months Ended | % Change | | | |
| September 30, | | | | |
| 2026 | 2025 | | As Reported | |
| Employer Services | $1,343.5 | | $1,228.8 | | 9% |
| PEO Services | 234.4 | | 218.8 | | 7% |
| Other (a) | (123.0) | | (140.1) | | n/m |
| $1,454.9 | | $1,307.5 | | 11% |
Table 49 after “ANALYSIS OF REPORTABLE SEGMENTS”
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| Margin | | | | |
| Three Months Ended | | | | |
| September 30, | | | | |
| 2026 | 2025 | | YoY Growth | |
| Employer Services | 36.5% | | 35.2% | | 130 bps |
| PEO Services | 13.0% | | 13.0% | | 0 bps |
| PEO Revenues | | | | | |
| Three Months Ended | Change | | | | |
| September 30, | | | | | |
| 2026 | 2025 | | $% | | |
| PEO Services' revenues | $1,808.1 | | $1,687.5 | | $120.6 | 7% |
| Less: PEO zero-margin benefits pass-throughs | 1,228.6 | | 1,131.0 | | 97.6 | 9% |
| PEO Services' revenues excluding zero-margin benefits pass-throughs | $579.5 | | $556.5 | | $23.0 | 4% |
Table 51 after “We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results”
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| Three Months Ended | % Change | | | |
| September 30, | | | | |
| 2026 | 2025 | | As Reported | |
| Net earnings | $1,125.2 | | $1,013.0 | | 11% |
| Adjustments: | | | | | |
| Provision for income taxes | 329.7 | | 294.5 | | |
| All other interest expense (a) | 45.6 | | 33.6 | | |
| All other interest income (a) | (27.6) | | (22.8) | | |
First 8 of 25 rows. The CSV has all of them.
Table 52 after “The following table reconciles our reported growth rates to the non-GAAP measure of organic constant currency, which excludes the impact of ”
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| Three Months Ended |
| September 30, |
| 2026 |
| Consolidated revenue growth as reported | 6% |
| Adjustments: | |
| Impact of acquisitions | —% |
| Impact of foreign currency | —% |
| Consolidated revenue growth, organic constant currency | 6% |
First 8 of 13 rows. The CSV has all of them.
Table 53 after “Our cash flows from operating, investing, and financing activities, as reflected in the Statements of Consolidated Cash Flows for the three ”
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| Three Months Ended | | | | |
| September 30, | | | | |
| 2026 | 2025 | | $ Change | |
| Cash provided by (used in): | | | | | |
| Operating activities | $651.0 | | $642.3 | | $8.7 |
| Investing activities | (882.4) | | (1,862.6) | | 980.2 |
| Financing activities | 305.0 | | 164.1 | | 140.9 |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | 6.6 | | (6.7) | | 13.3 |
First 8 of 9 rows. The CSV has all of them.
Table 54 after “Our U.S. short-term funding requirements related to client funds are sometimes obtained on an unsecured basis through the issuance of commer”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Average daily borrowings (in billions) | $5.4 | | $4.5 |
| Weighted average interest rates | 3.7% | | 4.4% |
| Weighted average maturity (approximately in days) | 2 days | 2 days | |
Table 55 after “Our U.S., Canadian, and United Kingdom short-term funding requirements related to client funds obligations are sometimes obtained on a secur”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Average outstanding balances (in billions) | $5.4 | | $4.5 |
| Weighted average interest rates | 3.7% | | 4.4% |
Table 56 after “Details regarding our overall investment portfolio are as follows:”
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| Three Months Ended | | |
| September 30, | | |
| 2026 | 2025 | |
| Average investment balances at cost: | | | |
| Corporate investments | $13,920.8 | | $11,393.8 |
| Funds held for clients | 36,916.9 | | 34,928.7 |
| Total | $50,837.7 | | $46,322.5 |
| Average interest rates earned exclusive of realized (gains)/losses on: | | | |
First 8 of 12 rows. The CSV has all of them.
Table 57 after “Details regarding our overall investment portfolio are as follows:”
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| September 30, 2026 | June 30, 2026 | |
| Net unrealized pre-tax gains/(losses) on available-for-sale securities | $(1,312.8) | | $(459.2) |
| Total available-for-sale securities at fair value | $37,572.3 | | $37,701.3 |
Table 58 after “Issuer Purchases of Equity Securities”
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| Total Number of Shares Purchased (1) | Average Price Paid per Share (2) | | Total Number of Shares Purchased as Part of the Publicly Announced Common Stock Repurchase Plan (1) | | Maximum Approximate Dollar Value of Shares that may yet be Purchased under the Common Stock Repurchase Plan (1) (2) | |
| Period | | | | | | | |
| July 1 to 31, 2026 | 699,989 | | $251.61 | | | 699,989 | $4,687,904,574 |
| August 1 to 31, 2026 | 1,066,814 | | $277.72 | | | 1,066,814 | $4,391,625,953 |
| September 1 to 30, 2026 | 1,086,531 | | $272.68 | | | 1,086,531 | $4,095,346,656 |
| Total | 2,853,334 | | | | 2,853,334 | | |
Table 59 after “Issuer Purchases of Equity Securities”
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| (1) | The Company received the Board of Directors' approval in January 2026 to repurchase $6 billion of its common stock. |
| (2) | Inclusive of the impact of the one-percent excise tax under the Inflation Reduction Act of 2022. |
| Name & Title | Date of Adoption | Duration of Trading Arrangement | The maximum number of securities to be sold pursuant to the trading arrangement (1) |
| Maria Black,President and Chief Executive Officer | September 4, 2026 | September 2, 2027 - December 31, 2027 | 64,009 |
| Paul Boland,Chief Human Resources Officer | September 2, 2026 | January 4, 2027 - December 31, 2027 | 2,044 |
| Michael Bonarti,Chief Administrative Officer | September 10, 2026 | February 2, 2027 - December 31, 2027 | 29,710 |
| Christopher D’Ambrosio,President, Workforce Management Solutions | September 9, 2026 | January 4, 2027 - December 31, 2027 | 4,306 |
| Joseph DeSilva,Executive Vice President, North America and Chief of Operations | September 8, 2026 | January 4, 2027 – December 31, 2027 | 16,383 |
| David Foskett,President, Global Sales | September 4, 2026 | February 2, 2027 – December 31, 2027 | 5,504 |
| Peter Hadley,Chief Financial Officer | September 4, 2026 | January 4, 2027 – December 31, 2027 | 3,631 |
First 8 of 14 rows. The CSV has all of them.
| Exhibit Number | Exhibit |
| 31.1 | Certification by Maria Black pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 |
| 31.2 | Certification by Peter Hadley pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 |
| 32.1 | Certification by Maria Black pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| 32.2 | Certification by Peter Hadley pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| 101.INS | Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase |
First 8 of 12 rows. The CSV has all of them.