Earnings Per Share |
Note 10—Earnings Per Share The following tables present earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Basic Earnings Per Share | | Diluted Earnings Per Share | | Income Allocation (A)(1) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B)(2) | | Income Allocation (A)(1) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B)(2) | | (in millions, except per share data) | Class A common stock | $ | 4,605 | | | 1,709 | | | $ | 2.69 | | | $ | 5,272 | | (3) | 1,959 | | (3) | $ | 2.69 | | Class B-1 common stock | 20 | | | 5 | | | $ | 4.21 | | | $ | 20 | | | 5 | | | $ | 4.20 | | Class B-2 common stock | 497 | | | 120 | | | $ | 4.13 | | | $ | 497 | | | 120 | | | $ | 4.13 | | Class C common stock | 97 | | | 9 | | | $ | 10.78 | | | $ | 97 | | | 9 | | | $ | 10.77 | | Participating securities | 53 | | | Not presented | | Not presented | | $ | 53 | | | Not presented | | Not presented | Net income | $ | 5,272 | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended June 30, 2025 | | Basic Earnings Per Share | | Diluted Earnings Per Share | | Income Allocation (A)(1) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B)(2) | | Income Allocation (A)(1) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B)(2) | | (in millions, except per share data) | Class A common stock | $ | 13,067 | | | 1,720 | | | $ | 7.60 | | | $ | 14,968 | | (3) | 1,973 | | (3) | $ | 7.59 | | Class B-1 common stock | 57 | | | 5 | | | $ | 11.88 | | | $ | 57 | | | 5 | | | $ | 11.87 | | Class B-2 common stock | 1,408 | | | 120 | | | $ | 11.70 | | | $ | 1,406 | | | 120 | | | $ | 11.69 | | Class C common stock | 280 | | | 9 | | | $ | 30.39 | | | $ | 280 | | | 9 | | | $ | 30.35 | | Participating securities | 156 | | | Not presented | | Not presented | | $ | 156 | | | Not presented | | Not presented | Net income | $ | 14,968 | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Basic Earnings Per Share | | Diluted Earnings Per Share | | Income Allocation (A)(1) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B)(2) | | Income Allocation (A)(1) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B)(2) | | (in millions, except per share data) | Class A common stock | $ | 3,870 | | | 1,610 | | | $ | 2.40 | | | $ | 4,872 | | (3) | 2,029 | | (3) | $ | 2.40 | | Class B-1 common stock | 372 | | | 97 | | | $ | 3.82 | | | $ | 371 | | | 97 | | | $ | 3.81 | | Class B-2 common stock | 283 | | | 74 | | | $ | 3.82 | | | $ | 282 | | | 74 | | | $ | 3.81 | | Class C common stock | 275 | | | 29 | | | $ | 9.62 | | | $ | 275 | | | 29 | | | $ | 9.60 | | Participating securities | 72 | | | Not presented | | Not presented | | $ | 72 | | | Not presented | | Not presented | Net income | $ | 4,872 | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended June 30, 2024 | | Basic Earnings Per Share | | Diluted Earnings Per Share | | Income Allocation (A)(1) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B)(2) | | Income Allocation (A)(1) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B)(2) | | (in millions, except per share data) | Class A common stock | $ | 11,276 | | | 1,591 | | | $ | 7.09 | | | $ | 14,425 | | (3) | 2,038 | | (3) | $ | 7.08 | | Class B-1 common stock | 2,209 | | | 196 | | | $ | 11.25 | | | $ | 2,206 | | | 196 | | | $ | 11.24 | | Class B-2 common stock | 277 | | | 25 | | | $ | 11.25 | | | $ | 276 | | | 25 | | | $ | 11.24 | | Class C common stock | 447 | | | 16 | | | $ | 28.35 | | | $ | 447 | | | 16 | | | $ | 28.31 | | Participating securities | 216 | | | Not presented | | Not presented | | $ | 216 | | | Not presented | | Not presented | Net income | $ | 14,425 | | | | | | | | | | | |
(1)Income allocation is based on the weighted-average number of as-converted class A common stock outstanding as shown in the table below. (2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers. (3)Diluted class A common stock earnings per share calculation includes the assumed conversion of any class B-1, B-2 and C common stock and participating securities on an as-converted basis as shown in the table below and the incremental common stock equivalents related to employee stock plans, as calculated under the treasury stock method. The common stock equivalents were not material for the three and nine months ended June 30, 2025 and 2024.
The following table presents the weighted-average number of as-converted class A common stock outstanding: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Nine Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (in millions) | Class B-1 common stock | 8 | | | 155 | | | 8 | | | 312 | | Class B-2 common stock | 185 | | | 118 | | | 185 | | | 39 | | Class C common stock | 36 | | | 114 | | | 37 | | | 63 | | Participating securities | 20 | | | 30 | | | 20 | | | 31 | |
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