Quarterly report [Sections 13 or 15(d)]

Income Taxes

v3.25.1
Income Taxes
9 Months Ended
Feb. 28, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

Note J: Income Taxes

 

The Company’s effective income tax rate was 24.3% and 23.9% for the three and nine months ended February 28, 2025, respectively, compared to 24.4% and 24.1% for the three and nine months ended February 29, 2024, respectively. All periods were impacted by the recognition of excess tax benefits related to employee stock-based compensation payments.