Earnings per share

9 Months Ended

Mar. 31, 2025

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 nine months ended March 31, 2025 and 2024.

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2025		2024		2025		2024
Numerator:
Net income attributable to common shareholders	$	960,866	$	726,574	$	2,607,828	$	2,059,252
Denominator:
Basic - weighted average common shares	128,442,623		128,502,829		128,619,515		128,467,209
Increase in weighted average common shares from dilutive effect of equity-based awards	1,878,179		2,090,197		1,956,710		1,702,122
Diluted - weighted average common shares, assuming exercise of equity-based awards	130,320,802		130,593,026		130,576,225		130,169,331
Basic earnings per share	$	7.48	$	5.65	$	20.28	$	16.03
Diluted earnings per share	$	7.37	$	5.56	$	19.97	$	15.82

For the three months ended March 31, 2025 and 2024, 199,230 and 113,956 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 nine months ended March 31, 2025 and 2024, 310,681 and 400,506 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.