Quarterly report [Sections 13 or 15(d)]

NET INCOME PER SHARE

v3.25.4
NET INCOME PER SHARE
 6 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Basic net income per share is calculated by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of shares of common stock outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying our outstanding dilutive RSUs had been issued. The dilutive effect of outstanding RSUs is reflected in diluted net income per share by application of the treasury stock method.
The following table sets forth the computation of basic and diluted net income per share:
(In thousands, except per share amounts) Three Months Ended December 31, Six Months Ended December 31,
2025 2024 2025 2024
Numerator:
Net income $ 1,145,682  $ 824,527  $ 2,266,722  $ 1,770,378 
Denominator:
Weighted-average shares - basic, excluding unvested RSUs 131,278  133,327  131,517  133,730 
Effect of dilutive RSUs and options 731  599  688  685 
Weighted-average shares - diluted 132,009  133,926  132,205  134,415 
Basic net income per share $ 8.73  $ 6.18  $ 17.24  $ 13.24 
Diluted net income per share $ 8.68  $ 6.16  $ 17.15  $ 13.17 
Anti-dilutive securities excluded from the computation of diluted net income per share 4  145  3  36