v3.20.4
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2020
Nov. 30, 2019
Revenue:        
Total service revenue $ 968.9 $ 970.8 $ 1,886.2 $ 1,942.3
Interest on funds held for clients 14.8 19.9 29.7 40.4
Total revenue 983.7 990.7 1,915.9 1,982.7
Expenses:        
Cost of service revenue 319.9 323.4 627.0 648.8
Selling, general and administrative expenses 309.5 325.6 650.6 643.1
Total expenses 629.4 649.0 1,277.6 1,291.9
Operating income 354.3 341.7 638.3 690.8
Other expense, net (4.7) (4.7) (12.6) (9.5)
Income before income taxes 349.6 337.0 625.7 681.3
Income taxes 77.2 78.3 141.7 158.4
Net income 272.4 258.7 484.0 522.9
Other comprehensive (loss)/income, net of tax (6.4) (14.9) 16.6 11.5
Comprehensive income $ 266.0 $ 243.8 $ 500.6 $ 534.4
Basic earnings per share $ 0.76 $ 0.72 $ 1.35 $ 1.46
Diluted earnings per share $ 0.75 $ 0.72 $ 1.34 $ 1.45
Weighted-average common shares outstanding 360.0 358.1 359.5 358.4
Weighted-average common shares outstanding, assuming dilution 362.0 360.6 361.6 361.1
Management Solutions [Member]        
Revenue:        
Total service revenue $ 732.8 $ 726.7 $ 1,420.2 $ 1,451.2
PEO And Insurance Solutions [Member]        
Revenue:        
Total service revenue $ 236.1 $ 244.1 $ 466.0 $ 491.1

Source