Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.23.3
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Revenue:    
Total service revenue $ 1,253.3 $ 1,188.3
Interest on funds held for clients 32.7 17.9
Total revenue 1,286.0 1,206.2
Expenses:    
Cost of service revenue 360.2 351.0
Selling, general and administrative expenses 389.5 359.6
Total expenses 749.7 710.6
Operating income 536.3 495.6
Other income/(expense), net 12.8 (3.6)
Income before income taxes 549.1 492.0
Income taxes 129.9 112.8
Net income 419.2 379.2
Other comprehensive loss, net of tax (23.2) (37.5)
Comprehensive income $ 396.0 $ 341.7
Basic earnings per share $ 1.16 $ 1.05
Diluted earnings per share $ 1.16 $ 1.05
Weighted-average common shares outstanding 360.8 360.1
Weighted-average common shares outstanding, assuming dilution 362.8 362.4
Management Solutions [Member]    
Revenue:    
Total service revenue $ 955.5 $ 905.5
PEO And Insurance Solutions [Member]    
Revenue:    
Total service revenue $ 297.8 $ 282.8