Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Income and Comprehensive Income

v3.25.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Revenue:      
Total service revenue $ 5,410.0 $ 5,132.0 $ 4,907.3
Interest on funds held for clients 161.7 146.3 99.8
Total revenue 5,571.7 5,278.3 5,007.1
Expenses:      
Cost of service revenue 1,540.4 1,479.3 1,453.0
Selling, general and administrative expenses 1,823.6 1,624.9 1,521.0
Total expenses 3,364.0 3,104.2 2,974.0
Operating income 2,207.7 2,174.1 2,033.1
Interest expense (105.4) (37.3) (36.7)
Other income, net 73.6 81.2 51.8
Income before income taxes 2,175.9 2,218.0 2,048.2
Income taxes 518.6 527.6 490.9
Net income 1,657.3 1,690.4 1,557.3
Other comprehensive Income (loss), net of tax 91.4 14.8 (26.0)
Comprehensive income $ 1,748.7 $ 1,705.2 $ 1,531.3
Basic earnings per share $ 4.6 $ 4.69 $ 4.32
Diluted earnings per share $ 4.58 $ 4.67 $ 4.3
Weighted-average common shares outstanding 360.2 360.3 360.4
Weighted-average common shares outstanding, assuming dilution 362.0 362.1 362.3
Management Solutions [Member]      
Revenue:      
Total service revenue $ 4,067.1 $ 3,866.4 $ 3,730.5
PEO And Insurance Solutions [Member]      
Revenue:      
Total service revenue $ 1,342.9 $ 1,265.6 $ 1,176.8