v3.26.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Basic Earnings Per Share
The following is the calculation of the Company’s basic EPS (in thousands, except per share data):
Three Months Ended March 31,
20262025
Basic earnings (loss) per share:
Net income (loss) available to common stockholders$84,148 $55,164 
Less: Dividends declared and allocation of undistributed earnings to participating securities(3,521)(2,384)
Net income (loss) attributable to common stockholders
$80,627 $52,780 
Basic weighted-average shares of common stock outstanding474,199 479,166 
Basic earnings (loss) per share$0.17 $0.11 
Schedule of Fully Diluted Earnings Per Share
The following is the calculation of the Company’s fully diluted EPS (in thousands, except per share data):
Three Months Ended March 31,
20262025
Fully diluted earnings (loss) per share:
Net income (loss) attributable to common stockholders
$80,627 $52,780 
Add back: Allocations of undistributed earnings to participating securities3,248 2,086 
Less: Reallocation of undistributed earnings to participating securities
(3,216)(2,060)
Net income (loss) for fully diluted shares$80,659 $52,806 
Weighted-average shares:
Common stock outstanding474,199 479,166 
Other1
5,018 6,383 
Fully diluted weighted-average shares of common stock outstanding
479,217 485,549 
Fully diluted earnings (loss) per share
$0.17 $0.11 
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1Primarily consists of contracts to issue shares of BGC common stock.