Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.24.3
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Revenue:    
Total service revenue $ 1,281.0 $ 1,253.3
Interest on funds held for clients 37.5 32.7
Total revenue 1,318.5 1,286.0
Expenses:    
Cost of service revenue 380.0 360.2
Selling, general and administrative expenses 391.8 389.5
Total expenses 771.8 749.7
Operating income 546.7 536.3
Other income, net 10.4 12.8
Income before income taxes 557.1 549.1
Income taxes 129.7 129.9
Net income 427.4 419.2
Other comprehensive income/(loss), net of tax 64.8 (23.2)
Comprehensive income $ 492.2 $ 396.0
Basic earnings per share $ 1.19 $ 1.16
Diluted earnings per share $ 1.18 $ 1.16
Weighted-average common shares outstanding 360.1 360.8
Weighted-average common shares outstanding, assuming dilution 361.9 362.8
Management Solutions [Member]    
Revenue:    
Total service revenue $ 961.7 $ 955.5
PEO And Insurance Solutions [Member]    
Revenue:    
Total service revenue $ 319.3 $ 297.8