v3.26.1
Net income per share/ADS
 12 Months Ended
Dec. 31, 2025
Net income/(loss) per share  
Net income per share/ADS
26.
Net income per share/ADS
Basic and diluted net income per share/ADS for each of the years presented are calculated as follows:
 
    
For the year ended
December 31,
  
    
2023
     
2024
     
2025
  
    
(RMB in millions, except share
and per share data)
  
Net income per share
         
Numerator:
         
Net income attributable to the Company’s ordinary shareholders – basic
      24,167        41,359        19,631  
Impact of subsidiaries and equity method investees’ dilutive earnings
      (30 )       (118 )       (533 ) 
Dilution impact of the Convertible Senior Notes
      —         68        112  
  
 
 
     
 
 
     
 
 
  
Net income attributable to the Company’s ordinary shareholders – diluted
      24,137        41,309        19,210  
Denominator:
         
Weighted average number of shares – basic (million shares)
      3,144        2,990        2,847  
Effects of dilutive securities:
         
Dilutive share options and RSUs (million shares)
      27        33        41  
Convertible Senior Notes (million shares)
      —         53        90  
  
 
 
     
 
 
     
 
 
  
Weighted average number of shares – diluted (million shares)
      3,171        3,076        2,978  
Basic net income per share attributable to the Company’s ordinary shareholders (RMB)
      7.69        13.83        6.89  
Diluted net income per share attributable to the Company’s ordinary shareholders (RMB)
      7.61        13.43        6.45  
Net income per ADS
         
Basic net income per ADS (RMB)
      15.37        27.67        13.79  
Diluted net income per ADS (RMB)
      15.23        26.86        12.90