Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.24.4
Income Taxes
6 Months Ended
Nov. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes

Note J: Income Taxes

 

The Company’s effective income tax rate was 24.0% and 23.6% for the three and six months ended November 30, 2024, respectively, compared to 24.2% and 23.9% for the three and six months ended November 30, 2023, respectively. All periods were impacted by the recognition of excess tax benefits related to employee stock-based compensation payments.