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Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
REVENUES:      
Revenues $ 18,012.2 $ 16,498.3 $ 15,005.4
Costs of revenues:      
Operating expenses 8,657.4 8,252.6 7,520.7
Systems development and programming costs 844.8 798.6 716.6
Depreciation and amortization 451.2 410.7 403.0
TOTAL COSTS OF REVENUES 9,953.4 9,461.9 8,640.3
Selling, general, and administrative expenses 3,551.4 3,233.2 3,040.5
Interest expense 253.3 81.9 59.7
TOTAL EXPENSES 13,758.1 12,777.0 11,740.5
Other (income)/expense, net (183.5) (82.8) (96.3)
EARNINGS BEFORE INCOME TAXES 4,437.6 3,804.1 3,361.2
Provision for income taxes 1,025.6 855.2 762.7
NET EARNINGS $ 3,412.0 $ 2,948.9 $ 2,598.5
BASIC EARNINGS PER SHARE (in dollars per share) $ 8.25 $ 7.04 $ 6.10
DILUTED EARNINGS PER SHARE (in dollars per share) $ 8.21 $ 7.00 $ 6.07
Basic weighted average shares outstanding (in shares) 413.7 418.8 426.3
Diluted weighted average shares outstanding (in shares) 415.7 421.1 428.1
Revenues, other than interest on funds held for clients and PEO revenues      
REVENUES:      
Revenues $ 11,222.0 $ 10,505.0 $ 9,768.6
Interest on funds held for clients      
REVENUES:      
Revenues 813.4 451.8 422.4
PEO Revenues      
REVENUES:      
Revenues [1] $ 5,976.8 $ 5,541.5 $ 4,814.4
[1] For the years ended June 30, 2023 (“fiscal 2023”), June 30, 2022 (“fiscal 2022”), and June 30, 2021 (“fiscal 2021”), Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $66,731.7 million, $62,619.2 million, and $51,362.3 million, respectively.