Basic earnings per share is calculated by dividing net income attributable to the Company by the weighted average number of common shares outstanding. Weighted average common shares outstanding include restricted stock unit awards that are no longer subject to forfeiture because the recipients have satisfied either their explicit vesting terms or retirement eligibility requirements.

Diluted earnings per share includes the dilutive effect of outstanding stock-settled stock appreciation rights and unvested stock units as computed under the treasury stock method.

The reconciliations of the numerators and denominators used to calculate basic and diluted earnings per share were as follows:


	Three months ended September 30,				Nine months ended September 30,
	2026		2025		2026		2025


Net income attributable to DaVita Inc.	$	222,931	$	150,332	$	685,858	$	512,586

Weighted average shares outstanding:
Basic shares	63,835		72,075		65,322		75,768
Assumed incremental from stock plans	1,669		1,694		1,489		1,674
Diluted shares	65,504		73,769		66,811		77,442



Basic net income per share attributable to DaVita Inc.	$	3.49	$	2.09	$	10.50	$	6.77



Diluted net income per share attributable to DaVita Inc.	$	3.40	$	2.04	$	10.27	$	6.62

Anti-dilutive stock-settled awards excluded from calculation(1)	1		98		165		184

(1)Shares associated with stock plans excluded from the diluted denominator calculation because they were anti-dilutive under the treasury stock method.