The holders of our Class A and Class B common stock (together, "common stock") have identical liquidation and dividend rights but different voting rights. Accordingly, we present the earnings per share (EPS) for Class A and Class B common stock together.

Basic EPS is computed by dividing net income by the weighted-average number of shares of our common stock outstanding. Diluted EPS is computed by dividing net income by the weighted-average number of fully diluted common stock outstanding and assumes the conversion of our Class B common stock to Class A common stock.

For the three months ended March 31, 2025 and 2024, approximately 1 million and 5 million shares of Class A common stock equivalent of restricted stock units (RSUs), respectively, were excluded from the diluted EPS calculation as including them would have an anti-dilutive effect.

The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, except per share amounts):


	Three Months Ended March 31,
		2025		2024
Basic EPS:
Numerator
Distributed earnings		$	1,329	$	1,273
Undistributed earnings		15,315		11,096
Net income		$	16,644	$	12,369
Denominator
Shares used in computation of basic EPS (1)		2,527		2,545
Basic EPS		$	6.59	$	4.86
Diluted EPS:
Numerator
Net income for diluted EPS		$	16,644	$	12,369
Denominator
Shares used in computation of basic EPS (1)		2,527		2,545
Effect of dilutive RSUs		63		80
Shares used in computation of diluted EPS		2,590		2,625
Diluted EPS		$	6.43	$	4.71

(1)Includes 2,184 million and 2,197 million shares of Class A common stock and 343 million and 348 million shares of Class B common stock, for the three months ended March 31, 2025 and 2024, respectively.

EPS for Class B common stock is not presented separately as under the two-class method Class A and Class B EPS is not meaningfully different.