| Net Income Per Share |
Net Income Per Share The following table sets forth the computation of basic and diluted net income per share of Class A, Class B, and Class C stock (in millions, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2025 | | 2026 | | | | Class A | | Class B | | Class C | | Consolidated | | Class A | | Class B | | Class C | | Consolidated | | | Basic net income per share: | | | | | | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | | | | | | Allocation of distributed earnings (cash dividends paid) | $ | 1,167 | | | $ | 171 | | | $ | 1,096 | | | $ | 2,434 | | | $ | 1,223 | | | $ | 175 | | | $ | 1,144 | | | $ | 2,542 | | | | Allocation of undistributed earnings | 15,367 | | | 2,264 | | | 14,475 | | | 32,106 | | | 28,889 | | | 4,153 | | | 26,994 | | | 60,036 | | | | Net income | $ | 16,534 | | | $ | 2,435 | | | $ | 15,571 | | | $ | 34,540 | | | $ | 30,112 | | | $ | 4,328 | | | $ | 28,138 | | | $ | 62,578 | | | | Denominator | | | | | | | | | | | | | | | | | | Number of shares used in per share computation | 5,831 | | | 859 | | | 5,493 | | | 12,183 | | | 5,822 | | | 837 | | | 5,440 | | | 12,099 | | | | Basic net income per share | $ | 2.84 | | | $ | 2.83 | | | $ | 2.83 | | | $ | 2.84 | | | $ | 5.17 | | | $ | 5.17 | | | $ | 5.17 | | | $ | 5.17 | | | | Diluted net income per share: | | | | | | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | | | | | | Allocation of total earnings for basic computation | $ | 16,534 | | | $ | 2,435 | | | $ | 15,571 | | | $ | 34,540 | | | $ | 30,112 | | | $ | 4,328 | | | $ | 28,138 | | | $ | 62,578 | | | | Reallocation of total earnings as a result of conversion of Class B to Class A shares | 2,435 | | | 0 | | | 0 | | | _(1) | | 4,328 | | | 0 | | | 0 | | | _(1) | | | Reallocation of undistributed earnings | (156) | | | (20) | | | 156 | | | _(1) | | (375) | | | (47) | | | 375 | | | _(1) | | | Net income | $ | 18,813 | | | $ | 2,415 | | | $ | 15,727 | | | $ | 34,540 | | | $ | 34,065 | | | $ | 4,281 | | | $ | 28,513 | | | 62,578 | | | | Denominator | | | | | | | | | | | | | | | | | | Number of shares used in basic computation | 5,831 | | | 859 | | | 5,493 | | | 12,183 | | | 5,822 | | | 837 | | | 5,440 | | | 12,099 | | | | Weighted-average effect of dilutive securities | | | | | | | | | | | | | | | | | | Add: | | | | | | | | | | | | | | | | | | Conversion of Class B to Class A shares outstanding | 859 | | | 0 | | | 0 | | | _(1) | | 837 | | | 0 | | | 0 | | | _(1) | | | Restricted stock units and other contingently issuable shares | 0 | | | 0 | | | 108 | | | 108 | | | 0 | | | 0 | | | 139 | | | 139 | | | | Number of shares used in per share computation | 6,690 | | | 859 | | | 5,601 | | | 12,291 | | | 6,659 | | | 837 | | | 5,579 | | | 12,238 | | | | Diluted net income per share | $ | 2.81 | | | $ | 2.81 | | | $ | 2.81 | | | $ | 2.81 | | | $ | 5.12 | | | $ | 5.11 | | | $ | 5.11 | | | $ | 5.11 | | |
(1)Not applicable for consolidated net income per share. For the periods presented above, the holders of each class are entitled to equal per share dividends or distributions in liquidation in accordance with the Amended and Restated Certificate of Incorporation of Alphabet Inc. Holders of Alphabet unvested stock units are awarded dividend equivalents, which are subject to the same vesting conditions as the underlying award, and settled in Class C shares. Immaterial differences in net income per share across our Class A, Class B, and Class C shares may arise due to the allocation of distributed earnings, which is based on the holders as of the record date, compared with the allocation of undistributed earnings and number of shares, which is based on the weighted average shares outstanding over the periods.
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