Revenue (Tables)

12 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide details of revenue by our business pillars and includes a reconciliation to the Company’s reportable segments.

	Years Ended
	June 30,
Types of Revenues	2023		2022		2021
HCM	$	7,716.1	$	7,174.9	$	6,655.2
HRO, excluding PEO zero-margin benefits pass-throughs	3,386.0		3,116.3		2,690.9
PEO zero-margin benefits pass-throughs	3,800.9		3,514.4		3,092.0
Global	2,295.8		2,240.9		2,144.9
Interest on funds held for clients	813.4		451.8		422.4
Total Revenues	$	18,012.2	$	16,498.3	$	15,005.4

Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2023:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	7,724.7	$	—	$	(8.6)	$	7,716.1
HRO, excluding PEO zero-margin benefits pass-throughs	1,216.1		2,175.9		(6.0)		3,386.0
PEO zero-margin benefits pass-throughs	—		3,800.9		—		3,800.9
Global	2,295.8		—		—		2,295.8
Interest on funds held for clients	806.0		7.4		—		813.4
Total Segment Revenues	$	12,042.6	$	5,984.2	$	(14.6)	$	18,012.2

Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2022:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	7,183.1	$	—	$	(8.2)	$	7,174.9
HRO, excluding PEO zero-margin benefits pass-throughs	1,096.1		2,027.1		(6.9)		3,116.3
PEO zero-margin benefits pass-throughs	—		3,514.4		—		3,514.4
Global	2,240.9		—		—		2,240.9
Interest on funds held for clients	447.6		4.2		—		451.8
Total Segment Revenues	$	10,967.7	$	5,545.7	$	(15.1)	$	16,498.3

Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2021:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	6,660.7	$	—	$	(5.5)	$	6,655.2
HRO, excluding PEO zero-margin benefits pass-throughs	971.1		1,722.4		(2.6)		2,690.9
PEO zero-margin benefits pass-throughs	—		3,092.0		—		3,092.0
Global	2,144.9		—		—		2,144.9
Interest on funds held for clients	418.5		3.9		—		422.4
Total Segment Revenues	$	10,195.2	$	4,818.3	$	(8.1)	$	15,005.4

Contract with Customer, Asset and Liability

Contract Balances

The timing of revenue recognition for our HCM, HRO and Global Solutions is consistent with the invoicing of clients, as invoicing occurs in the period the services are provided. Therefore, the Company does not recognize a contract asset or liability resulting from the timing of revenue recognition and invoicing.

Changes in deferred revenue related to set up fees for the fiscal year ended June 30, 2023 were as follows:

Contract Liability
Contract liability, July 1, 2022	$	468.2
Recognition of revenue included in beginning of year contract liability	(30.3)
Contract liability, net of revenue recognized on contracts during the year	31.7
Currency translation adjustments	(4.8)
Contract liability, June 30, 2023	$	464.8

Capitalized Contract Cost

Deferred costs

The balance is as follows:

June 30,	2023		2022
Deferred costs to obtain a contract	$	1,251.6	$	1,144.8
Deferred costs to fulfill a contract	1,518.1		1,434.9
Total deferred contract costs (1)	$	2,769.7	$	2,579.7

(1) The amount of total deferred costs amortized during the fiscal years ended June 30, 2023, June 30, 2022, and June 30, 2021 were $992.9 million, $955.2 million, and $935.3 million, respectively.