Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income and Comprehensive Income

v3.26.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Revenue:        
Total service revenue $ 1,752.1 $ 1,466.1 $ 4,747.8 $ 4,027.9
Interest on funds held for clients 56.8 42.9 158.7 116.5
Total revenue 1,808.9 1,509.0 4,906.5 4,144.4
Expenses:        
Cost of service revenue 431.2 387.4 1,257.2 1,146.5
Selling, general and administrative expenses 585.7 429.8 1,743.5 1,221.3
Total expenses 1,016.9 817.2 3,000.7 2,367.8
Operating income 792.0 691.8 1,905.8 1,776.6
Interest expense (68.1) (22.6) (204.8) (41.7)
Other income, net 15.1 16.6 55.7 51.7
Income before income taxes 739.0 685.8 1,756.7 1,786.6
Income taxes 178.7 166.5 417.2 426.5
Net income 560.3 519.3 1,339.5 1,360.1
Other comprehensive income, net of tax 14.9 2.3 51.0 55.5
Comprehensive income $ 575.2 $ 521.6 $ 1,390.5 $ 1,415.6
Basic earnings per share $ 1.56 $ 1.44 $ 3.73 $ 3.78
Diluted earnings per share $ 1.56 $ 1.43 $ 3.71 $ 3.76
Weighted-average common shares outstanding 358.7 360.1 359.4 360.1
Weighted-average common shares outstanding, assuming dilution 359.5 362.0 360.6 361.9
Management Solutions [Member]        
Revenue:        
Total service revenue $ 1,354.6 $ 1,100.7 $ 3,684.3 $ 3,025.3
PEO and Insurance Solutions [Member]        
Revenue:        
Total service revenue $ 397.5 $ 365.4 $ 1,063.5 $ 1,002.6