Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.5.0.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Revenue:      
Service revenue $ 2,905.8 $ 2,697.5 $ 2,478.2
Interest on funds held for clients 46.1 42.1 40.7
Total revenue 2,951.9 2,739.6 2,518.9
Expenses:      
Operating expenses 857.1 808.0 732.5
Selling, general and administrative expenses 948.2 878.0 803.7
Total expenses 1,805.3 1,686.0 1,536.2
Operating income 1,146.6 1,053.6 982.7
Investment income, net 4.5 6.4 5.4
Income before income taxes 1,151.1 1,060.0 988.1
Income taxes 394.3 385.1 360.6
Net income 756.8 674.9 627.5
Other comprehensive income/(loss), net of tax:      
Unrealized gains/(losses) on securities, net of tax 21.7 (14.0) (0.5)
Total other comprehensive income/(loss), net of tax 21.7 (14.0) (0.5)
Comprehensive income $ 778.5 $ 660.9 $ 627.0
Basic earnings per share $ 2.10 [1] $ 1.86 [1] $ 1.72
Diluted earnings per share $ 2.09 [1] $ 1.85 [1] $ 1.71
Weighted-average common shares outstanding 360.7 362.9 364.5
Weighted-average common shares outstanding, assuming dilution 362.5 364.6 366.1
Cash dividends per common share $ 1.68 $ 1.52 $ 1.40
[1] Each quarter is a discrete period and the sum of the four quarters' basic and diluted earnings per share amounts may not equal the full year amount.