Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income and Comprehensive Income

v3.25.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Revenue:    
Total service revenue $ 1,492.4 $ 1,281.0
Interest on funds held for clients 47.6 37.5
Total revenue 1,540.0 1,318.5
Expenses:    
Cost of service revenue 413.8 380.0
Selling, general and administrative expenses 584.3 391.8
Total expenses 998.1 771.8
Operating income 541.9 546.7
Interest expense (68.2) (9.6)
Other income, net 23.8 20.0
Income before income taxes 497.5 557.1
Income taxes 113.7 129.7
Net income 383.8 427.4
Other comprehensive income, net of tax 28.7 64.8
Comprehensive income $ 412.5 $ 492.2
Basic earnings per share $ 1.07 $ 1.19
Diluted earnings per share $ 1.06 $ 1.18
Weighted-average common shares outstanding 360.1 360.1
Weighted-average common shares outstanding, assuming dilution 361.9 361.9
Management Solutions [Member]    
Revenue:    
Total service revenue $ 1,163.3 $ 961.7
PEO and Insurance Solutions [Member]    
Revenue:    
Total service revenue $ 329.1 $ 319.3