|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
Fiscal 2020 |
|
August 31 |
|
November 30 |
|
February 29 |
|
May 31 |
|
Full Year |
Service revenue |
|
$ |
971.5 |
|
$ |
970.8 |
|
$ |
1,121.5 |
|
$ |
889.8 |
|
$ |
3,953.6 |
Interest on funds held for clients |
|
|
20.5 |
|
|
19.9 |
|
|
21.2 |
|
|
25.3 |
|
|
86.9 |
Total revenue |
|
$ |
992.0 |
|
$ |
990.7 |
|
$ |
1,142.7 |
|
$ |
915.1 |
|
$ |
4,040.5 |
Operating income |
|
$ |
349.1 |
|
$ |
341.7 |
|
$ |
470.1 |
|
$ |
299.6 |
|
$ |
1,460.5 |
Other expense, net |
|
|
(4.8) |
|
|
(4.7) |
|
|
(5.9) |
|
|
(8.0) |
|
|
(23.4) |
Income before income taxes |
|
|
344.3 |
|
|
337.0 |
|
|
464.2 |
|
|
291.6 |
|
|
1,437.1 |
Income taxes |
|
|
80.1 |
|
|
78.3 |
|
|
109.7 |
|
|
70.9 |
|
|
339.0 |
Net income |
|
$ |
264.2 |
|
$ |
258.7 |
|
$ |
354.5 |
|
$ |
220.7 |
|
$ |
1,098.1 |
Basic earnings per share(1) |
|
$ |
0.74 |
|
$ |
0.72 |
|
$ |
0.99 |
|
$ |
0.62 |
|
$ |
3.06 |
Diluted earnings per share(1) |
|
$ |
0.73 |
|
$ |
0.72 |
|
$ |
0.98 |
|
$ |
0.61 |
|
$ |
3.04 |
Weighted-average common shares
outstanding |
|
|
358.6 |
|
|
358.1 |
|
|
358.5 |
|
|
358.7 |
|
|
358.5 |
Weighted-average common shares
outstanding, assuming dilution |
|
|
361.5 |
|
|
360.6 |
|
|
361.0 |
|
|
360.7 |
|
|
361.0 |
Cash dividends per common share |
|
$ |
0.62 |
|
$ |
0.62 |
|
$ |
0.62 |
|
$ |
0.62 |
|
$ |
2.48 |
Total net realized gains(2) |
|
$ |
0.9 |
|
$ |
0.9 |
|
$ |
0.6 |
|
$ |
8.9 |
|
$ |
11.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
Fiscal 2019 |
|
August 31 |
|
November 30 |
|
February 28 |
|
May 31 |
|
Full Year |
Service revenue |
|
$ |
845.7 |
|
$ |
840.6 |
|
$ |
1,047.4 |
|
$ |
958.2 |
|
$ |
3,691.9 |
Interest on funds held for clients |
|
|
17.1 |
|
|
18.3 |
|
|
23.0 |
|
|
22.2 |
|
|
80.6 |
Total revenue |
|
$ |
862.8 |
|
$ |
858.9 |
|
$ |
1,070.4 |
|
$ |
980.4 |
|
$ |
3,772.5 |
Operating income |
|
$ |
320.3 |
|
$ |
307.2 |
|
$ |
429.3 |
|
$ |
314.5 |
|
$ |
1,371.3 |
Other income/(expense), net |
|
|
2.3 |
|
|
2.1 |
|
|
(3.7) |
|
|
(4.0) |
|
|
(3.3) |
Income before income taxes |
|
|
322.6 |
|
|
309.3 |
|
|
425.6 |
|
|
310.5 |
|
|
1,368.0 |
Income taxes |
|
|
79.0 |
|
|
73.5 |
|
|
101.0 |
|
|
80.1 |
|
|
333.6 |
Net income |
|
$ |
243.6 |
|
$ |
235.8 |
|
$ |
324.6 |
|
$ |
230.4 |
|
$ |
1,034.4 |
Basic earnings per share(1) |
|
$ |
0.68 |
|
$ |
0.66 |
|
$ |
0.90 |
|
$ |
0.64 |
|
$ |
2.88 |
Diluted earnings per share(1) |
|
$ |
0.67 |
|
$ |
0.65 |
|
$ |
0.90 |
|
$ |
0.64 |
|
$ |
2.86 |
Weighted-average common shares
outstanding |
|
|
359.1 |
|
|
359.1 |
|
|
359.2 |
|
|
359.4 |
|
|
359.2 |
Weighted-average common shares
outstanding, assuming dilution |
|
|
361.5 |
|
|
361.5 |
|
|
361.6 |
|
|
362.5 |
|
|
361.8 |
Cash dividends per common share |
|
$ |
0.56 |
|
$ |
0.56 |
|
$ |
0.56 |
|
$ |
0.62 |
|
$ |
2.30 |
Total net realized gains/(losses)(2) |
|
$ |
0.1 |
|
$ |
(0.3) |
|
$ |
0.1 |
|
$ |
0.1 |
|
$ |
— |
(1)Each quarter is a discrete period and the sum of the four quarters’ basic and diluted earnings per share amounts may not equal the full year amount.
(2)Total net realized gains/(losses) on the combined funds held for clients and corporate investment portfolios.
|