v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2026
May 31, 2025
Assets    
Cash and cash equivalents $ 1,088.2 $ 1,628.6
Restricted cash 52.8 47.9
Corporate investments 36.3 34.5
Interest receivable 36.1 27.9
Accounts receivable, net of allowance for credit losses 1,507.6 1,330.5
PEO unbilled receivables, net of advance collections 664.2 616.6
Prepaid income taxes 11.2 38.9
Prepaid expenses and other current assets 384.7 378.3
Current assets before funds held for clients 3,781.1 4,103.2
Funds held for clients 4,832.2 4,813.3
Total current assets 8,613.3 8,916.5
Property and equipment, net of accumulated depreciation 588.9 511.5
Operating lease right-of-use assets, net of accumulated amortization 63.9 63.8
Intangible assets, net of accumulated amortization 1,684.0 1,947.3
Goodwill 4,527.4 4,514.1
Long-term deferred costs 555.8 482.4
Other long-term assets 141.2 128.5
Total assets 16,174.5 16,564.1
Liabilities    
Accounts payable 154.8 129.8
Accrued corporate compensation and related items 162.1 183.9
Accrued worksite employee compensation and related items 844.8 735.8
Short-term debt 0.0 18.6
Long-term debt, net, current portion 0.0 399.8
Accrued income taxes 87.8 0.0
Deferred revenue 69.4 69.4
Other current liabilities 637.1 552.0
Current liabilities before client fund obligations 1,956.0 2,089.3
Client fund obligations 4,884.6 4,867.0
Total current liabilities 6,840.6 6,956.3
Accrued income taxes 140.5 119.0
Deferred income taxes 543.3 444.7
Long-term debt, net of debt issuance costs 4,556.1 4,548.4
Operating lease liabilities 52.2 55.5
Other long-term liabilities 306.7 312.2
Total liabilities 12,439.4 12,436.1
Commitments and contingencies - Note Q
Stockholders' equity    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 355.6 shares as of May 31, 2026 and 360.5 shares as of May 31, 2025 3.6 3.6
Additional paid-in capital 1,975.6 1,901.1
Retained earnings 1,805.8 2,277.0
Accumulated other comprehensive loss (49.9) (53.7)
Total stockholders' equity 3,735.1 4,128.0
Total liabilities and stockholders' equity $ 16,174.5 $ 16,564.1