EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2026

NOTE 2 — EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.

The components of basic and diluted EPS were as follows:


(In millions, except per share amounts)


Year Ended June 30,	2026		2025		2024

Net income available for common shareholders (A)	$	133,749	$	101,832	$	88,136


Weighted average outstanding shares of common stock (B)		7,429		7,433		7,431
Dilutive effect of stock-based awards		24		32		38


Common stock and common stock equivalents (C)		7,453		7,465		7,469


Earnings Per Share

Basic (A/B)	$	18.00	$	13.70	$	11.86
Diluted (A/C)	$	17.95	$	13.64	$	11.80

Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.