Earnings per share

6 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings per share

Earnings per share

The following table presents a reconciliation of the numerator and denominator of basic and diluted earnings per share for the three and six months ended December 31, 2024 and 2023.

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2024		2023		2024		2023
Numerator:
Net income attributable to common shareholders	$	948,542	$	681,851	$	1,646,962	$	1,332,678
Denominator:
Basic - weighted average common shares	128,752,836		128,426,247		128,707,962		128,449,398
Increase in weighted average common shares from dilutive effect of equity-based awards	2,005,972		1,941,104		2,008,520		1,864,928
Diluted - weighted average common shares, assuming exercise of equity-based awards	130,758,808		130,367,351		130,716,482		130,314,326
Basic earnings per share	$	7.37	$	5.31	$	12.80	$	10.38
Diluted earnings per share	$	7.25	$	5.23	$	12.60	$	10.23

For the three months ended December 31, 2024 and 2023, 180,043 and 458,864 common shares subject to equity-based awards, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.

For the six months ended December 31, 2024 and 2023, 262,527 and 344,226 common shares subject to equity-based awards, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.