Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the periods indicated is as follows:


	Three Months Ended June 30,
	2026					2025
	Income		Weighted Average Shares	Per Share Amount		Income		Weighted Average Shares	Per Share Amount
	(in millions, except per share amounts)
Basic earnings per share
Net income (loss)	$	1,036				$	566
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests	51					33
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	12					6
Net income (loss) attributable to Prudential Financial available to holders of Common Stock	$	973	346.4	$	2.81	$	527	353.1	$	1.49
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$	12				$	6
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	12					6
Stock options			0.0					0.1
Deferred and long-term compensation programs			1.7					1.7
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock	$	973	348.1	$	2.80	$	527	354.9	$	1.48


	Six Months Ended June 30,
	2026					2025
	Income		Weighted Average Shares	Per Share Amount		Income		Weighted Average Shares	Per Share Amount
	(in millions, except per share amounts)
Basic earnings per share
Net income (loss)	$	1,642				$	1,308
Less: Income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests	60					68
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	21					16
Net income (loss) attributable to Prudential Financial available to holders of Common Stock	$	1,561	347.0	$	4.50	$	1,224	353.7	$	3.46
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$	21				$	16
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	21					16
Stock options			0.1					0.1
Deferred and long-term compensation programs			1.7					1.7
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock	$	1,561	348.8	$	4.48	$	1,224	355.5	$	3.44

Earnings Per Share Computation

For the periods indicated, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows:


	Three Months Ended June 30,
	2026			2025
	Shares	Exercise Price Per Share		Shares	Exercise Price Per Share
	(in millions, except per share amounts, based on weighted average)
Antidilutive stock options based on application of the treasury stock method	0.2	$	108.67	0.2	$	108.68
Antidilutive stock options due to net loss available to holders of Common Stock	0.0			0.0
Antidilutive shares based on application of the treasury stock method	0.0			0.0
Antidilutive shares due to net loss available to holders of Common Stock	0.0			0.0
Total antidilutive stock options and shares	0.2			0.2


	Six Months Ended June 30,
	2026			2025
	Shares	Exercise Price Per Share		Shares	Exercise Price Per Share
	(in millions, except per share amounts, based on weighted average)
Antidilutive stock options based on application of the treasury stock method	0.2	$	108.68	0.1	$	108.68
Antidilutive stock options due to net loss available to holders of Common Stock	0.0			0.0
Antidilutive shares based on application of the treasury stock method	0.0			0.0
Antidilutive shares due to net loss available to holders of Common Stock	0.0			0.0
Total antidilutive stock options and shares	0.2			0.1