v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2026
May 31, 2026
Assets    
Cash and cash equivalents $ 600.9 $ 1,088.2
Restricted cash 55.0 52.8
Corporate investments 333.3 36.3
Interest receivable 39.2 36.1
Accounts receivable, net of allowance for credit losses 1,615.9 1,507.6
PEO unbilled receivables, net of advance collections 680.2 664.2
Prepaid income taxes 11.5 11.2
Prepaid expenses and other current assets 409.2 384.7
Current assets before funds held for clients 3,745.2 3,781.1
Funds held for clients 4,348.4 4,832.2
Total current assets 8,093.6 8,613.3
Property and equipment, net of accumulated depreciation 614.6 588.9
Operating lease right-of-use assets, net of accumulated amortization 75.8 63.9
Intangible assets, net of accumulated amortization 1,626.2 1,684.0
Goodwill 4,534.1 4,527.4
Long-term deferred costs 571.0 555.8
Other long-term assets 145.4 141.2
Total assets 15,660.7 16,174.5
Liabilities    
Accounts payable 141.4 154.8
Accrued corporate compensation and related items 132.5 162.1
Accrued worksite employee compensation and related items 824.7 844.8
Accrued income taxes 81.1 87.8
Deferred revenue 70.8 69.4
Other current liabilities 648.8 637.1
Current liabilities before client fund obligations 1,899.3 1,956.0
Client fund obligations 4,440.7 4,884.6
Total current liabilities 6,340.0 6,840.6
Accrued income taxes 145.5 140.5
Deferred income taxes 537.6 543.3
Long-term borrowings, net of debt issuance costs 4,558.0 4,556.1
Operating lease liabilities 62.9 52.2
Other long-term liabilities 311.2 306.7
Total liabilities 11,955.2 12,439.4
Commitments and contingencies - Note H
Stockholders' equity    
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 356.0 shares as of August 31, 2026 and 355.6 shares as of May 31, 2026 3.6 3.6
Additional paid-in capital 1,994.8 1,975.6
Retained earnings 1,788.4 1,805.8
Accumulated other comprehensive loss (81.3) (49.9)
Total stockholders' equity 3,705.5 3,735.1
Total liabilities and stockholders' equity $ 15,660.7 $ 16,174.5