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EARNINGS PER SHARE
9 Months Ended
Feb. 28, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
9.
EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options and shares issuable under the employee stock purchase plan as applicable pursuant to the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in millions, except per share data)

 

February 28,
2025

 

 

February 29,
2024

 

 

February 28,
2025

 

 

February 29,
2024

 

Net income

 

$

2,936

 

 

$

2,401

 

 

$

9,016

 

 

$

7,323

 

Weighted-average common shares outstanding

 

 

2,799

 

 

 

2,748

 

 

 

2,783

 

 

 

2,741

 

Dilutive effect of employee stock plans

 

 

75

 

 

 

71

 

 

 

82

 

 

 

79

 

Dilutive weighted-average common shares outstanding

 

 

2,874

 

 

 

2,819

 

 

 

2,865

 

 

 

2,820

 

Basic earnings per share

 

$

1.05

 

 

$

0.87

 

 

$

3.24

 

 

$

2.67

 

Diluted earnings per share

 

$

1.02

 

 

$

0.85

 

 

$

3.15

 

 

$

2.60

 

Anti-dilutive stock awards excluded from calculation(1)

 

 

22

 

 

 

27

 

 

 

23

 

 

 

27

 

 

(1)
These stock awards primarily relate to contingently issuable shares pursuant to performance stock option arrangements. Such shares could be dilutive in the future.