v3.22.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2022
May 31, 2021
May 31, 2020
Revenue:      
Total service revenue $ 4,554.0 $ 3,997.5 $ 3,953.6
Interest on funds held for clients 57.7 59.3 86.9
Total revenue 4,611.7 4,056.8 4,040.5
Expenses:      
Cost of service revenue 1,356.3 1,271.2 1,280.8
Selling, general and administrative expenses 1,415.4 1,324.9 1,299.2
Total expenses 2,771.7 2,596.1 2,580.0
Operating income 1,840.0 1,460.7 1,460.5
Other expense, net (15.4) (26.5) (23.4)
Income before income taxes 1,824.6 1,434.2 1,437.1
Income taxes 431.8 336.7 339.0
Net income 1,392.8 1,097.5 1,098.1
Other comprehensive (loss)/income, net of tax (185.7) (4.7) 56.4
Comprehensive income $ 1,207.1 $ 1,092.8 $ 1,154.5
Basic earnings per share $ 3.86 $ 3.05 $ 3.06
Diluted earnings per share $ 3.84 $ 3.03 $ 3.04
Weighted-average common shares outstanding 360.6 359.9 358.5
Weighted-average common shares outstanding, assuming dilution 363.1 362.1 361.0
Management Solutions [Member]      
Revenue:      
Total service revenue $ 3,442.7 $ 3,023.4 $ 2,963.0
PEO And Insurance Solutions [Member]      
Revenue:      
Total service revenue $ 1,111.3 $ 974.1 $ 990.6

Source