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Earnings Per Share (Tables) | 9 Months Ended
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Feb. 28, 2025
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Share | 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 (in each case as adjusted to reflect the Stock Split):
| Three Months Ended |  | Nine Months Ended
Basic Earnings per Share (In thousands except per share data) | February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Net income | $ | 463,497 |  |  | $ | 397,579 |  |  | $ | 1,364,025 |  |  | $ | 1,157,277 |
Less: net income allocated to participating securities | 1,629 |  |  | 1,543 |  |  | 4,791 |  |  | 4,486 |
Net income available to common shareholders | $ | 461,868 |  |  | $ | 396,036 |  |  | $ | 1,359,234 |  |  | $ | 1,152,791 |
Basic weighted average common shares outstanding | 403,769 |  |  | 405,910 |  |  | 403,568 |  |  | 406,723 |
Basic earnings per share | $ | 1.14 |  |  | $ | 0.98 |  |  | $ | 3.37 |  |  | $ | 2.83 |
| Three Months Ended |  | Nine Months Ended
Diluted Earnings per Share (In thousands except per share data) | February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Net income | $ | 463,497 |  |  | $ | 397,579 |  |  | $ | 1,364,025 |  |  | $ | 1,157,277 |
Less: net income allocated to participating securities | 1,629 |  |  | 1,543 |  |  | 4,791 |  |  | 4,486 |
Net income available to common shareholders | $ | 461,868 |  |  | $ | 396,036 |  |  | $ | 1,359,234 |  |  | $ | 1,152,791 |
Basic weighted average common shares outstanding | 403,769 |  |  | 405,910 |  |  | 403,568 |  |  | 406,723 |
Effect of dilutive securities – employee stock options | 6,538 |  |  | 6,836 |  |  | 6,924 |  |  | 6,666 |
Diluted weighted average common shares outstanding | 410,307 |  |  | 412,746 |  |  | 410,492 |  |  | 413,389 |
Diluted earnings per share | $ | 1.13 |  |  | $ | 0.96 |  |  | $ | 3.31 |  |  | $ | 2.79 |
Schedule of Buyback Activity by Program | The following table summarizes the share buyback activity by program and period:
| Three Months Ended |  |  | Nine Months Ended
| February 28, 2025 |  |  | February 28, 2025
Buyback Activity (In thousands except per share data) | Shares |  | Avg. Price per Share |  | Purchase Price |  |  | Shares |  | Avg. Price per Share |  | Purchase Price
July 26, 2022 | — |  |  | $ | — |  |  | $ | — |  |  |  | 2,732 |  |  | $ | 173.40 |  |  | $ | 473,617 |
July 23, 2024 | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | — |
| — |  |  | $ | — |  |  | $ | — |  |  |  | 2,732 |  |  | $ | 173.40 |  |  | $ | 473,617 |
Shares acquired for taxes due (1) | 134 |  |  | $ | 197.89 |  |  | $ | 26,611 |  |  |  | 1,052 |  |  | $ | 194.31 |  |  | $ | 204,512 |
Total repurchase of Cintas common stock |  |  |  | $ | 26,611 |  |  |  |  |  |  |  | $ | 678,129 |
| Three Months Ended |  |  | Nine Months Ended
| February 29, 2024 |  |  | February 29, 2024
Buyback Activity (In thousands except per share data) | Shares |  | Avg. Price per Share |  | Purchase Price |  |  | Shares |  | Avg. Price per Share |  | Purchase Price
July 27, 2021 | — |  |  | $ | — |  |  | $ | — |  |  |  | 2,633 |  |  | $ | 121.64 |  |  | $ | 320,266 |
July 26, 2022 | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | — |
| — |  |  | $ | — |  |  | $ | — |  |  |  | 2,633 |  |  | $ | 121.64 |  |  | $ | 320,266 |
Shares acquired for taxes due (1) | 298 |  |  | $ | 151.13 |  |  | $ | 45,018 |  |  |  | 1,108 |  |  | $ | 133.41 |  |  | $ | 147,880 |
Total repurchase of Cintas common stock |  |  |  | $ | 45,018 |  |  |  |  |  |  |  | $ | 468,146 |
(1) Shares of Cintas common stock acquired for employee payroll taxes due on options exercised and vested restricted stock awards. The following table summarizes Cintas' non-cash share buyback activity:
| Three Months Ended |  |  | Nine Months Ended
| February 28, 2025 |  |  | February 28, 2025
(In thousands except per share data) | Shares |  | Avg. Price per Share |  | Non-Cash Value |  |  | Shares |  | Avg. Price per Share |  | Non-Cash Value
Non-cash transaction activity | 101 |  |  | $ | 196.09 |  |  | $ | 19,637 |  |  |  | 630 |  |  | $ | 194.15 |  |  | $ | 122,290 |
| Three Months Ended |  |  | Nine Months Ended
| February 29, 2024 |  |  | February 29, 2024
| Shares |  | Avg. Price per Share |  | Non-Cash Value |  |  | Shares |  | Avg. Price per Share |  | Non-Cash Value
Non-cash transaction activity | 232 |  |  | $ | 149.70 |  |  | $ | 34,723 |  |  |  | 977 |  |  | $ | 132.17 |  |  | $ | 129,023 |

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