v3.22.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 28, 2022
Feb. 28, 2021
Revenue:        
Total service revenue $ 1,261.6 $ 1,096.6 $ 3,424.4 $ 2,982.8
Interest on funds held for clients 14.4 15.1 43.0 44.8
Total revenue 1,276.0 1,111.7 3,467.4 3,027.6
Expenses:        
Cost of service revenue 352.2 328.4 996.3 955.4
Selling, general and administrative expenses 361.0 314.7 1,025.1 965.3
Total expenses 713.2 643.1 2,021.4 1,920.7
Operating income 562.8 468.6 1,446.0 1,106.9
Other expense, net (8.5) (6.0) (10.2) (18.6)
Income before income taxes 554.3 462.6 1,435.8 1,088.3
Income taxes 123.6 112.1 339.4 253.8
Net income 430.7 350.5 1,096.4 834.5
Other comprehensive (loss)/income, net of tax (50.8) (15.9) (98.8) 0.7
Comprehensive income $ 379.9 $ 334.6 $ 997.6 $ 835.2
Basic earnings per share $ 1.19 $ 0.97 $ 3.04 $ 2.32
Diluted earnings per share $ 1.19 $ 0.97 $ 3.02 $ 2.31
Weighted-average common shares outstanding 360.9 360.6 360.6 359.8
Weighted-average common shares outstanding, assuming dilution 363.4 362.8 363.1 362.0
Management Solutions [Member]        
Revenue:        
Total service revenue $ 959.9 $ 846.8 $ 2,597.4 $ 2,267.0
PEO And Insurance Solutions [Member]        
Revenue:        
Total service revenue $ 301.7 $ 249.8 $ 827.0 $ 715.8

Source