Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.24.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Revenue:      
Total service revenue $ 5,132.0 $ 4,907.3 $ 4,554.0
Interest on funds held for clients 146.3 99.8 57.7
Total revenue 5,278.3 5,007.1 4,611.7
Expenses:      
Cost of service revenue 1,479.3 1,453.0 1,356.3
Selling, general and administrative expenses 1,624.9 1,521.0 1,415.4
Total expenses 3,104.2 2,974.0 2,771.7
Operating income 2,174.1 2,033.1 1,840.0
Other income/(expense), net 43.9 15.1 (15.4)
Income before income taxes 2,218.0 2,048.2 1,824.6
Income taxes 527.6 490.9 431.8
Net income 1,690.4 1,557.3 1,392.8
Other comprehensive Income (loss), net of tax 14.8 (26.0) (185.7)
Comprehensive income $ 1,705.2 $ 1,531.3 $ 1,207.1
Basic earnings per share $ 4.69 $ 4.32 $ 3.86
Diluted earnings per share $ 4.67 $ 4.3 $ 3.84
Weighted-average common shares outstanding 360.3 360.4 360.6
Weighted-average common shares outstanding, assuming dilution 362.1 362.3 363.1
Management Solutions [Member]      
Revenue:      
Total service revenue $ 3,866.4 $ 3,730.5 $ 3,442.7
PEO And Insurance Solutions [Member]      
Revenue:      
Total service revenue $ 1,265.6 $ 1,176.8 $ 1,111.3