Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Computation of Basic and Diluted 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 June 30,
	2024								2025
	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)	$	1,173	$	173	$	1,120	$	2,466	$	1,222	$	178	$	1,143	$	2,543
Allocation of undistributed earnings	10,046		1,484		9,623		21,153		12,314		1,803		11,536		25,653
Net income	$	11,219	$	1,657	$	10,743	$	23,619	$	13,536	$	1,981	$	12,679	$	28,196
Denominator
Number of shares used in per share computation	5,862		866		5,615		12,343		5,819		852		5,451		12,122
Basic net income per share	$	1.91	$	1.91	$	1.91	$	1.91	$	2.33	$	2.33	$	2.33	$	2.33
Diluted net income per share:
Numerator
Allocation of total earnings for basic computation	$	11,219	$	1,657	$	10,743	$	23,619	$	13,536	$	1,981	$	12,679	$	28,196
Reallocation of total earnings as a result of conversion of Class B to Class A shares	1,657		0		0		_(1)		1,981		0		0		_(1)
Reallocation of undistributed earnings	(140)		(18)		140		_(1)		(88)		(11)		88		_(1)
Net income	$	12,736	$	1,639	$	10,883	$	23,619	$	15,429	$	1,970	$	12,767	28,196
Denominator
Number of shares used in basic computation	5,862		866		5,615		12,343		5,819		852		5,451		12,122
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A shares outstanding	866		0		0		_(1)		852		0		0		_(1)
Restricted stock units and other contingently issuable shares	0		0		152		152		0		0		76		76
Number of shares used in per share computation	6,728		866		5,767		12,495		6,671		852		5,527		12,198
Diluted net income per share	$	1.89	$	1.89	$	1.89	$	1.89	$	2.31	$	2.31	$	2.31	$	2.31

(1)Not applicable for consolidated net income per share.


	Six Months Ended June 30,
	2024								2025
	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)	$	1,173	$	173	$	1,120	$	2,466	$	2,388	$	350	$	2,239	$	4,977
Allocation of undistributed earnings	21,254		3,142		20,419		44,815		27,689		4,064		26,006		57,759
Net income	$	22,427	$	3,315	$	21,539	$	47,281	$	30,077	$	4,414	$	28,245	$	62,736
Denominator
Number of shares used in per share computation	5,871		868		5,640		12,379		5,826		855		5,472		12,153
Basic net income per share	$	3.82	$	3.82	$	3.82	$	3.82	$	5.16	$	5.16	$	5.16	$	5.16
Diluted net income per share:
Numerator
Allocation of total earnings for basic computation	$	22,427	$	3,315	$	21,539	$	47,281	$	30,077	$	4,414	$	28,245	$	62,736
Reallocation of total earnings as a result of conversion of Class B to Class A shares	3,315		0		0		_(1)		4,414		0		0		_(1)
Reallocation of undistributed earnings	(257)		(33)		257		_(1)		(239)		(31)		239		_(1)
Net income	$	25,485	$	3,282	$	21,796	$	47,281	$	34,252	$	4,383	$	28,484	$	62,736
Denominator
Number of shares used in basic computation	5,871		868		5,640		12,379		5,826		855		5,472		12,153
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A shares outstanding	868		0		0		_(1)		855		0		0		_(1)
Restricted stock units and other contingently issuable shares	0		0		132		132		0		0		92		92
Number of shares used in per share computation	6,739		868		5,772		12,511		6,681		855		5,564		12,245
Diluted net income per share	$	3.78	$	3.78	$	3.78	$	3.78	$	5.13	$	5.13	$	5.12	$	5.12

(1)Not applicable for consolidated net income per share.