v3.26.3
Service Revenue (Tables)
3 Months Ended
Aug. 31, 2026
Revenue from Contract with Customer [Abstract]  
Summary of PEO Pass-Through Costs Netted in Revenue

PEO pass-through costs netted within the PEO and Insurance Solutions revenue are as follows:

 

 

 

For the three months ended

 

 

 

August 31,

 

In millions

 

2026

 

 

2025

 

Payroll wages and payroll taxes

 

$

 

8,713.5

 

 

$

 

7,356.1

 

State unemployment insurance (included in payroll wages and payroll taxes)

 

$

 

27.7

 

 

$

 

23.7

 

Guaranteed cost benefit plans

 

$

 

214.4

 

 

$

 

175.5

 

Summary of Changes in Deferred Revenue Related to Material Rights Performance Obligations

Changes in deferred revenue related to material rights that exceed one year were as follows:

 

 

 

For the three months ended

 

 

 

August 31,

 

In millions

 

2026

 

 

2025

 

Balance, beginning of period

 

$

 

91.4

 

 

$

 

92.4

 

Deferral of revenue

 

 

 

12.8

 

 

 

 

12.1

 

Recognition of unearned revenue

 

 

 

(13.4

)

 

 

 

(14.5

)

Balance, end of period

 

$

 

90.8

 

 

$

 

90.0

 

Summary of Deferred Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

In millions

 

Estimated

 

Year ending May 31,

 

recognition of unearned revenue

 

2027

 

$

 

35.7

 

2028

 

 

 

32.4

 

Thereafter

 

 

 

22.7

 

Total recognition of unearned revenue

 

$

 

90.8

 

Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts

Changes in deferred costs to obtain and fulfill contracts were as follows:

 

Costs to obtain contracts:

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

 

August 31,

 

In millions

 

2026

 

 

2025

 

Balance, beginning of period

 

$

 

653.4

 

 

$

 

609.0

 

Capitalization of costs

 

 

 

64.2

 

 

 

 

48.9

 

Amortization

 

 

 

(55.9

)

 

 

 

(52.8

)

Balance, end of period

 

$

 

661.7

 

 

$

 

605.1

 

 

Costs to fulfill contracts:

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

 

August 31,

 

In millions

 

2026

 

 

2025

 

Balance, beginning of period

 

$

 

135.9

 

 

$

 

87.0

 

Capitalization of costs

 

 

 

21.9

 

 

 

 

19.6

 

Amortization

 

 

 

(10.1

)

 

 

 

(7.6

)

Balance, end of period

 

$

 

147.7

 

 

$

 

99.0