Paychex, Inc. Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share (Tables)

3 Months Ended

Aug. 31, 2012


	For the three months ended August 31,
In millions, except per share amounts	2012		2011
Basic earnings per share:
Net income	$	153.1	$	148.9

Weighted-average common shares outstanding		363.0		362.2

Basic earnings per share	$	0.42	$	0.41

Diluted earnings per share:
Net income	$	153.1	$	148.9

Weighted-average common shares outstanding		363.0		362.2
Dilutive effect of common share equivalents at average market price		0.8		0.6

Weighted-average common shares outstanding, assuming dilution		363.8		362.8

Diluted earnings per share	$	0.42	$	0.41

Weighted-average anti-dilutive common share equivalents		7.4		12.6