v3.25.1
Weighted-Average Shares Outstanding
9 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Weighted-Average Shares Outstanding WEIGHTED-AVERAGE SHARES OUTSTANDING
Basic earnings per share (“EPS”) is calculated by dividing the Company’s Net earnings by the basic Weighted-average shares outstanding for the periods presented. The Company calculates diluted EPS using the treasury stock method, which reflects the potential dilution that could occur if outstanding stock options at the presented date are exercised and restricted stock unit awards have vested.
The computation of diluted EPS excluded 0.3 million options and restricted stock unit awards to purchase Broadridge common stock for the three months ended March 31, 2025, and 0.5 million options and restricted stock unit awards to purchase Broadridge common stock for the nine months ended March 31, 2025, as the effect of their inclusion would have been anti-dilutive.
The computation of diluted EPS excluded 0.3 million options and restricted stock unit awards to purchase Broadridge common stock for the three months ended March 31, 2024, and 0.3 million options and restricted stock unit awards to purchase Broadridge common stock for the nine months ended March 31, 2024, as the effect of their inclusion would have been anti-dilutive.
The following table sets forth the denominators of the basic and diluted EPS computations:
Three Months Ended 
 March 31,
Nine Months Ended 
 March 31,
2025202420252024
(in millions)
Weighted-average shares outstanding:
       Basic117.2 117.8 117.1 117.8 
       Common stock equivalents1.3 1.5 1.2 1.4 
       Diluted118.5 119.4 118.3 119.2