v3.26.3
Net Income Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income Per Share
The following tables set forth the computation of basic and diluted net income per common share of Class A, Class B, and Class C stock (in millions, except per share amounts):
Three Months Ended September 30,
20252026
Class AClass BClass CConsolidatedClass AClass BClass CConsolidated
Basic net income per common share:
Numerator
Allocation of distributed earnings (cash dividends paid to common stockholders)$1,222 $177 $1,138 $2,537 $1,295 $182 $1,225 $2,702 
Allocation of undistributed earnings 15,617 2,268 14,557 32,442 11,256 1,589 10,623 23,468 
Net income available to common stockholders$16,839 $2,445 $15,695 $34,979 $12,551 $1,771 $11,848 $26,170 
Denominator
Number of shares used in per share computation5,818 845 5,423 12,086 5,878 830 5,548 12,256 
Basic net income per common share$2.89 $2.89 $2.89 $2.89 $2.14 $2.13 $2.14 $2.14 
Diluted net income per common share:
Numerator
Allocation of total earnings for basic computation $16,839 $2,445 $15,695 $34,979 $12,551 $1,771 $11,848 $26,170 
Reallocation of total earnings as a result of conversion of Class B to Class A shares2,445 0 0 
_(1)
1,771 0 0 
_(1)
Preferred stock dividends declared and accrued(2)
0 0 0 0 0 0 0 0 
Reallocation of undistributed earnings(171)(22)171 
_(1)
(117)(14)117 
_(1)
Net income$19,113 $2,423 $15,866 $34,979 $14,205 $1,757 $11,965 $26,170 
Denominator
Number of shares used in basic computation5,818 845 5,423 12,086 5,878 830 5,548 12,256 
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A shares outstanding845 0 0 
_(1)
830 0 0 
_(1)
Restricted stock units and other contingently issuable shares0 0 117 117 0 0 112 112 
Conversion of preferred stock(2)
0 0 0 0 0 0 0 0 
Number of shares used in per share computation6,663 845 5,540 12,203 6,708 830 5,660 12,368 
Diluted net income per common share$2.87 $2.87 $2.86 $2.87 $2.12 $2.12 $2.11 $2.12 
(1)Not applicable for consolidated net income per common share.
(2)Pursuant to the if-converted method, preferred dividends are added back and preferred shares are assumed to have been converted to common shares only if they have a dilutive effect on net income per common share.
Nine Months Ended September 30,
20252026
Class AClass BClass CConsolidatedClass AClass BClass CConsolidated
Basic net income per common share:
Numerator
Allocation of distributed earnings (cash dividends paid to common stockholders)$3,609 $527 $3,377 $7,513 $3,809 $541 $3,583 $7,933 
Allocation of undistributed earnings 43,294 6,336 40,572 90,202 92,680 13,222 87,020 192,922 
Net income available to common stockholders$46,903 $6,863 $43,949 $97,715 $96,489 $13,763 $90,603 $200,855 
Denominator
Number of shares used in per share computation5,822 852 5,456 12,130 5,846 834 5,489 12,169 
Basic net income per common share$8.06 $8.06 $8.06 $8.06 $16.51 $16.50 $16.51 $16.51 
Diluted net income per common share:
Numerator
Allocation of total earnings for basic computation $46,903 $6,863 $43,949 $97,715 $96,489 $13,763 $90,603 $200,855 
Reallocation of total earnings as a result of conversion of Class B to Class A shares6,863 0 0 
_(1)
13,763 0 0 
_(1)
Preferred stock dividends declared and accrued(2)
0000209 0 175 384 
Reallocation of undistributed earnings(406)(52)406 
_(1)
(1,144)(140)1,144 
_(1)
Net income$53,360 $6,811 $44,355 $97,715 $109,317 $13,623 $91,922 $201,239 
Denominator
Number of shares used in basic computation5,822 852 5,456 12,130 5,846 834 5,489 12,169 
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A shares outstanding852 0 0 
_(1)
834 0 0 
_(1)
Restricted stock units and other contingently issuable shares0 0 100 100 0 0 131 131 
Conversion of preferred stock(2)
0 0 0 0 12 0 12 24 
Number of shares used in per share computation6,674 852 5,556 12,230 6,692 834 5,632 12,324 
Diluted net income per common share$8.00 $7.99 $7.98 $7.99 $16.34 $16.33 $16.32 $16.33 
(1)Not applicable for consolidated net income per common share.
(2)Pursuant to the if-converted method, preferred dividends are added back and preferred shares are assumed to have been converted to common shares only if they have a dilutive effect on net income per common share.