Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.21.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Revenue:    
Total service revenue $ 1,068.4 $ 917.3
Interest on funds held for clients 14.5 14.9
Total revenue 1,082.9 932.2
Expenses:    
Cost of service revenue 312.5 307.1
Selling, general and administrative expenses 327.5 341.1
Total expenses 640.0 648.2
Operating income 442.9 284.0
Other income/(expense), net 1.0 (7.9)
Income before income taxes 443.9 276.1
Income taxes 110.3 64.5
Net income 333.6 211.6
Other comprehensive (loss)/income, net of tax (6.7) 23.0
Comprehensive income $ 326.9 $ 234.6
Basic earnings per share $ 0.93 $ 0.59
Diluted earnings per share $ 0.92 $ 0.59
Weighted-average common shares outstanding 360.1 359.1
Weighted-average common shares outstanding, assuming dilution 362.8 361.3
Management Solutions [Member]    
Revenue:    
Total service revenue $ 805.5 $ 687.4
PEO And Insurance Solutions [Member]    
Revenue:    
Total service revenue $ 262.9 $ 229.9