Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income and Comprehensive Income

v3.25.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Feb. 28, 2025
Feb. 29, 2024
Revenue:        
Total service revenue $ 1,466.1 $ 1,395.4 $ 4,027.9 $ 3,875.1
Interest on funds held for clients 42.9 43.9 116.5 108.1
Total revenue 1,509.0 1,439.3 4,144.4 3,983.2
Expenses:        
Cost of service revenue 387.4 379.8 1,146.5 1,104.1
Selling, general and administrative expenses 429.8 409.7 1,221.3 1,186.8
Total expenses 817.2 789.5 2,367.8 2,290.9
Operating income 691.8 649.8 1,776.6 1,692.3
Other (expense)/income, net (6.0) 9.4 10.0 33.9
Income before income taxes 685.8 659.2 1,786.6 1,726.2
Income taxes 166.5 160.6 426.5 415.7
Net income 519.3 498.6 1,360.1 1,310.5
Other comprehensive income, net of tax 2.3 22.0 55.5 14.7
Comprehensive income $ 521.6 $ 520.6 $ 1,415.6 $ 1,325.2
Basic earnings per share $ 1.44 $ 1.39 $ 3.78 $ 3.64
Diluted earnings per share $ 1.43 $ 1.38 $ 3.76 $ 3.62
Weighted-average common shares outstanding 360.1 359.9 360.1 360.4
Weighted-average common shares outstanding, assuming dilution 362.0 361.7 361.9 362.2
Management Solutions [Member]        
Revenue:        
Total service revenue $ 1,100.7 $ 1,049.9 $ 3,025.3 $ 2,936.1
PEO And Insurance Solutions [Member]        
Revenue:        
Total service revenue $ 365.4 $ 345.5 $ 1,002.6 $ 939.0