Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.26.3
Segment Reporting
 3 Months Ended
Aug. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note J: Segment Reporting

 

Total revenue, net income, and significant expenses used by the chief operating decision maker for the purpose of allocating resources and evaluating the Company's financial performance were as follows:

 

 

For the three months ended

 

 

August 31,

 

In millions

2026

 

 

2025

 

Total revenue

$

 

1,630.5

 

 

$

 

1,540.0

 

 

 

 

 

 

 

 

 

Core business operations:

 

 

 

 

 

 

 

Compensation-related expenses

 

 

526.8

 

 

 

 

530.0

 

PEO direct insurance costs

 

 

152.9

 

 

 

 

138.6

 

Depreciation and amortization

 

 

52.9

 

 

 

 

48.2

 

Other segment items(1)

 

 

213.2

 

 

 

 

196.5

 

Non-core business operations:

 

 

 

 

 

 

 

Acquisition-related costs(2)

 

 

65.5

 

 

 

 

84.8

 

Total expenses

 

 

1,011.3

 

 

 

 

998.1

 

Interest expense

 

 

(65.1

)

 

 

 

(68.2

)

Other income, net

 

 

10.9

 

 

 

 

23.8

 

Income before income taxes

 

 

565.0

 

 

 

 

497.5

 

Income tax expense

 

 

135.3

 

 

 

 

113.7

 

Net income

$

 

429.7

 

 

$

 

383.8

 

 

(1)
Other segment items include expenses related to professional services, marketing and advertising, technology and general overhead.
(2)
Acquisition-related costs included in total expenses include the amortization of intangibles acquired in the acquisition of Paycor HCM, Inc. ("Paycor"), compensation costs related to the acquisition and integration of Paycor, including replacement awards, severance, and retention bonuses, and other acquisition-related costs.