Outstanding share and per-share amounts disclosed for all periods provided have been retroactively adjusted to reflect the effects of the Stock Split.

Basic earnings per share is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted earnings per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential outstanding shares of common stock during the period. Potential outstanding shares of common stock are calculated using the treasury-stock method and consist of incremental shares issuable upon the assumed exercise of stock options and vesting of time-based and performance-based restricted stock units. The computation of earnings per share, as adjusted for the Stock Split, is as follows:


	Year Ended December 31,
	2025		2024		2023
	(in thousands, except per share data)
Basic earnings per share:
Net income	$	10,981,201	$	8,711,631	$	5,407,990
Shares used in computation:
Weighted-average shares of common stock outstanding	4,249,512		4,295,191		4,415,712
Basic earnings per share	$	2.58	$	2.03	$	1.22
Diluted earnings per share:
Net income	$	10,981,201	$	8,711,631	$	5,407,990
Shares used in computation:
Weighted-average shares of common stock outstanding	4,249,512		4,295,191		4,415,712
Effect of dilutive stock-based awards	94,351		97,417		79,254
Weighted-average number of shares	4,343,863		4,392,608		4,494,966
Diluted earnings per share	$	2.53	$	1.98	$	1.20

The following table summarizes the potential shares of common stock excluded from the diluted calculation, as adjusted for the Stock Split, as their inclusion would have been anti-dilutive: