Income Taxes

9 Months Ended

Feb. 28, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Note J: Income Taxes

The Company’s effective income tax rate was 24.3% and 23.9% for the three and nine months ended February 28, 2025, respectively, compared to 24.4% and 24.1% for the three and nine months ended February 29, 2024, respectively. All periods were impacted by the recognition of excess tax benefits related to employee stock-based compensation payments.