Revenue (Tables)

6 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide details of revenue by our strategic pillars, and include a reconciliation to the Company’s reportable segments:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
Types of Revenues	2022		2021		2022		2021
HCM	$	1,861.8	$	1,743.8	$	3,672.8	$	3,410.4
HRO, excluding PEO zero-margin benefits pass-throughs	853.9		758.7		1,631.2		1,438.0
PEO zero-margin benefits pass-throughs	944.2		863.9		1,890.0		1,703.4
Global	543.9		553.0		1,084.3		1,098.8
Interest on funds held for clients	187.2		106.0		328.3		207.1
Total Revenues	$	4,391.0	$	4,025.4	$	8,606.6	$	7,857.7

Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2022:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	1,864.1	$	—	$	(2.3)	$	1,861.8
HRO, excluding PEO zero-margin benefits pass-throughs	298.4		557.4		(1.9)		853.9
PEO zero-margin benefits pass-throughs	—		944.2		—		944.2
Global	543.9		—		—		543.9
Interest on funds held for clients	185.5		1.7		—		187.2
Total Segment Revenues	$	2,891.9	$	1,503.3	$	(4.2)	$	4,391.0

Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2021:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	1,745.7	$	—	$	(1.9)	$	1,743.8
HRO, excluding PEO zero-margin benefits pass-throughs	267.8		493.7		(2.8)		758.7
PEO zero-margin benefits pass-throughs	—		863.9		—		863.9
Global	553.0		—		—		553.0
Interest on funds held for clients	104.8		1.2		—		106.0
Total Segment Revenues	$	2,671.3	$	1,358.8	$	(4.7)	$	4,025.4

Reconciliation of disaggregated revenue to our reportable segments for the six months ended December 31, 2022:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	3,677.4	$	—	$	(4.6)	$	3,672.8
HRO, excluding PEO zero-margin benefits pass-throughs	595.2		1,039.7		(3.7)		1,631.2
PEO zero-margin benefits pass-throughs	—		1,890.0		—		1,890.0
Global	1,084.3		—		—		1,084.3
Interest on funds held for clients	325.3		3.0		—		328.3
Total Segment Revenues	$	5,682.2	$	2,932.7	$	(8.3)	$	8,606.6

Reconciliation of disaggregated revenue to our reportable segments for the six months ended December 31, 2021:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	3,414.7	$	—	$	(4.3)	$	3,410.4
HRO, excluding PEO zero-margin benefits pass-throughs	524.1		917.6		(3.7)		1,438.0
PEO zero-margin benefits pass-throughs	—		1,703.4		—		1,703.4
Global	1,098.8		—		—		1,098.8
Interest on funds held for clients	205.2		1.9		—		207.1
Total Segment Revenues	$	5,242.8	$	2,622.9	$	(8.0)	$	7,857.7

Contract with Customer, Liability

Changes in short-term deferred revenues related to set up fees for the six months ended December 31, 2022 were as follows:

Contract Liability
Contract liability, July 1, 2022	$	468.2
Recognition of revenue included in beginning of year contract liability	(33.5)
Contract liability, net of revenue recognized on contracts during the period	28.8
Currency translation adjustments	(8.9)
Contract liability, December 31, 2022	$	454.6