Basic earnings per share is computed by dividing net income available to common shareholders for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options and shares issuable under the employee stock purchase plan as applicable pursuant to the treasury stock method and the dilutive effect of Mandatory Convertible Preferred Stock pursuant to the if-converted method. The following table sets forth the computation of basic and diluted earnings per share attributable to common shareholders:


	Three Months Ended August 31,
(in millions, except per share data)	2026		2025
Net income	$	4,760	$	2,927
Preferred stock dividends		81		—
Net income available to common shareholders	$	4,679	$	2,927
Weighted-average common shares outstanding		2,966		2,826
Dilutive effect of employee stock plans		34		83
Dilutive weighted-average common shares outstanding		3,000		2,909
Basic earnings per share attributable to common shareholders	$	1.58	$	1.04
Diluted earnings per share attributable to common shareholders	$	1.56	$	1.01
Stock awards and shares excluded from calculation(1)		64		2

(1)

Consists of: (1) anti-dilutive restricted stock-based awards and stock options, both of which were service-based, as calculated using the treasury stock method, (2) anti-dilutive Mandatory Convertible Preferred Stock as calculated using the if-converted method and (3) contingently issuable shares pursuant to performance-based stock option arrangements as the performance conditions were not yet met. These excluded stock awards and shares could be dilutive in the future.