Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income and Comprehensive Income

v3.25.4
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2025
Nov. 30, 2024
Revenue:        
Total service revenue $ 1,503.3 $ 1,280.8 $ 2,995.7 $ 2,561.8
Interest on funds held for clients 54.3 36.1 101.9 73.6
Total revenue 1,557.6 1,316.9 3,097.6 2,635.4
Expenses:        
Cost of service revenue 412.2 379.1 826.0 759.1
Selling, general and administrative expenses 573.5 399.7 1,157.8 791.5
Total expenses 985.7 778.8 1,983.8 1,550.6
Operating income 571.9 538.1 1,113.8 1,084.8
Interest expense (68.5) (9.5) (136.7) (19.1)
Other income, net 16.8 15.1 40.6 35.1
Income before income taxes 520.2 543.7 1,017.7 1,100.8
Income taxes 124.8 130.3 238.5 260.0
Net income 395.4 413.4 779.2 840.8
Other comprehensive income, net of tax 7.4 (11.6) 36.1 53.2
Comprehensive income $ 402.8 $ 401.8 $ 815.3 $ 894.0
Basic earnings per share $ 1.10 $ 1.15 $ 2.17 $ 2.34
Diluted earnings per share $ 1.1 $ 1.14 $ 2.16 $ 2.32
Weighted-average common shares outstanding 359.4 360.0 359.7 360.1
Weighted-average common shares outstanding, assuming dilution 360.4 361.7 361.1 361.8
Management Solutions [Member]        
Revenue:        
Total service revenue $ 1,166.4 $ 962.9 $ 2,329.7 $ 1,924.6
PEO and Insurance Solutions [Member]        
Revenue:        
Total service revenue $ 336.9 $ 317.9 $ 666.0 $ 637.2