| Schedule of Computation of Basic and Diluted Earnings Per Share For Continuing Operations |
The following tables set forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Cintas' common shares for the fiscal years ended May 31: | | | | | | | | | | | | | | | | | | Basic Earnings per Share (In thousands except per share data) | 2026 | | 2025 | | 2024 | | | | | | | | Net income | $ | 1,999,968 | | | $ | 1,812,281 | | | $ | 1,571,592 | | | Less: net income allocated to participating securities | 6,312 | | | 6,351 | | | 5,928 | | | Net income available to common shareholders | $ | 1,993,656 | | | $ | 1,805,930 | | | $ | 1,565,664 | | Basic weighted average common shares outstanding | 401,267 | | | 403,530 | | | 406,612 | | | | | | | | | Basic earnings per share | $ | 4.97 | | | $ | 4.48 | | | $ | 3.85 | |
| | | | | | | | | | | | | | | | | | Diluted Earnings per Share (In thousands except per share data) | 2026 | | 2025 | | 2024 | | | | | | | | Net income | $ | 1,999,968 | | | $ | 1,812,281 | | | $ | 1,571,592 | | | Less: net income allocated to participating securities | 6,312 | | | 6,351 | | | 5,928 | | | Net income available to common shareholders | $ | 1,993,656 | | | $ | 1,805,930 | | | $ | 1,565,664 | | Basic weighted average common shares outstanding | 401,267 | | | 403,530 | | | 406,612 | | Effect of dilutive securities – employee stock options | 4,930 | | | 6,756 | | | 6,856 | | Diluted weighted average common shares outstanding | 406,197 | | | 410,286 | | | 413,468 | | | | | | | | | Diluted earnings per share | $ | 4.91 | | | $ | 4.40 | | | $ | 3.79 | |
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| Schedule of Buyback Activity by Program |
The following table summarizes the buyback activity by program and fiscal years ended May 31: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2026 | | | 2025 | | | 2024 | Buyback Program (In thousands except per share data) | Shares | | Average Price per Share | | Purchase Price | | | Shares | | Average Price per Share | | Purchase Price | | | Shares | | Average Price per Share | | Purchase Price | | | | | | | | | | | | | | | | | | | | | | July 27, 2021 | — | | | $ | — | | | $ | — | | | | — | | | $ | — | | | $ | — | | | | 3,425 | | | $ | 133.80 | | | $ | 458,284 | | | July 26, 2022 | 1,272 | | | 207.13 | | | 263,564 | | | | 3,794 | | | 179.07 | | | 679,329 | | | | 339 | | | 168.44 | | | 57,104 | | | July 23, 2024 | 2,688 | | | 191.29 | | | 514,221 | | | | — | | | — | | | — | | | | — | | | — | | | — | | | October 28, 2025 | — | | | — | | | — | | | | — | | | — | | | — | | | | — | | | — | | | — | | | 3,960 | | | $ | 196.38 | | | $ | 777,785 | | | | 3,794 | | | $ | 179.07 | | | $ | 679,329 | | | | 3,764 | | | $ | 136.92 | | | $ | 515,388 | | | | | | | | | | | | | | | | | | | | | | Shares acquired for taxes due (1) | 829 | | | $ | 210.50 | | | $ | 174,319 | | | | 1,297 | | | $ | 196.87 | | | $ | 255,471 | | | | 1,325 | | | $ | 139.34 | | | $ | 184,645 | | | | | | | | | | | | | | | | | | | | | | Total repurchase of Cintas common stock | | | | $ | 952,104 | | | | | | | | $ | 934,800 | | | | | | | | $ | 700,033 | |
(1) Shares of Cintas stock acquired for employee-partner payroll taxes due on options exercised and vested restricted stock awards. The following table summarizes Cintas' non-cash share buyback activity for the fiscal years ended May 31: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2026 | | | 2025 | | | 2024 | Buyback Program (In thousands except per share data) | Shares | | Average Price per Share | | Non-Cash Value | | | Shares | | Average Price per Share | | Non-Cash Value | | | Shares | | Average Price per Share | | Non-Cash Value | | | | | | | | | | | | | | | | | | | | | | Non-cash transaction activity | 613 | | | $ | 205.13 | | | $ | 125,766 | | | | 808 | | | $ | 196.93 | | | $ | 158,953 | | | | 1,133 | | | $ | 137.18 | | | $ | 155,403 | |
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