| EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share. For the three and nine months ended June 30, 2025, the Company excluded 1.2 million and 0.8 million employee stock awards, respectively, from the calculation of diluted earnings per share as the impact of these awards was anti-dilutive.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Nine Months Ended
June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (In millions, except per share data) | | Numerator: | | | | | | | | | | Net income attributable to D.R. Horton, Inc. | | $ | 904.9 | | | $ | 1,024.6 | | | $ | 2,147.6 | | | $ | 2,679.9 | | | Denominator: | | | | | | | | | | Denominator for basic earnings per share — weighted average shares | | 282.2 | | | 304.1 | | | 287.5 | | | 312.7 | | | Effect of dilutive securities: | | | | | | | | | | Employee stock awards | | 0.8 | | | 0.8 | | | 0.9 | | | 1.4 | | | Denominator for diluted earnings per share — adjusted weighted average shares | | 283.0 | | | 304.9 | | | 288.4 | | | 314.1 | | | Basic net income per share attributable to D.R. Horton, Inc. | | $ | 3.21 | | | $ | 3.37 | | | $ | 7.47 | | | $ | 8.57 | | | Diluted net income per share attributable to D.R. Horton, Inc. | | $ | 3.20 | | | $ | 3.36 | | | $ | 7.45 | | | $ | 8.53 | |
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