v3.26.1
Earnings Per Share Attributable to Common Stockholders
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Attributable to Common Stockholders Earnings Per Share Attributable to Common Stockholders
The following table presents the calculation of basic and diluted earnings per share attributable to common stockholders (in thousands, except per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator
Net income attributable to common stockholders for diluted earnings per share$1,061,890 $326,727 $1,932,417 $540,758 
Denominator
Weighted-average shares used in computing earnings per share:
Basic2,399,820 2,365,196 2,396,861 2,356,983 
Effect of dilutive shares168,874 197,716 172,965 200,928 
Diluted2,568,694 2,562,912 2,569,826 2,557,911 
Earnings per share
Earnings per share attributable to common stockholders:
Basic$0.44 $0.14 $0.81 $0.23 
Diluted$0.41 $0.13 $0.75 $0.21 
Diluted earnings per share is calculated using our weighted-average shares of outstanding common stock including the dilutive effect of stock awards as determined under the treasury stock method. There were outstanding potentially dilutive common stock equivalents for stock-based compensation awards of 3 million for the three and six months ended June 30, 2026 and 1 million for the three and six months ended June 30, 2025. These were excluded from the computation of diluted earnings per share attributable to common stockholders due to their antidilutive effect.
As of June 30, 2026 and 2025, the Company had 14 million and 7 million SARs outstanding, respectively, of which the maximum number of potentially dilutive shares of Class A common stock upon vesting would be the fraction that equals the appreciation, or maximum appreciation if capped, divided by the Company’s Class A common stock price at that time.