The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data) using the two-class method:


	Fiscal Years Ended September 30,
	2026		2025		2024
Numerator for earnings per share:
Net income	$	2,108	$	2,074	$	1,715
Less: Net income attributable to noncontrolling interests	(1)		—		(1)
Net income attributable to TD Group	2,107		2,074		1,714
Less: Dividends declared or paid on participating securities	(59)		(208)		(233)

Net income applicable to TD Group common stockholders—basic and diluted	$	2,048	$	1,866	$	1,481
Denominator for basic and diluted earnings per share under the two-class method:
Weighted-average common shares outstanding	55.9		56.3		55.8
Vested options deemed participating securities	1.7		1.9		2.0
Total shares for basic and diluted earnings per share	57.6		58.2		57.8



Earnings per share—basic and diluted (1)	$	35.51	$	32.08	$	25.62

Basic and diluted earnings per share are the same for all periods presented. Vested stock options are participating securities and are included in the two-class method for both measures. Unvested stock options were not included in diluted earnings per share because the related performance conditions had not been met as of the end of the period. No securities were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.