Earnings Per Share
AbbVie grants certain restricted stock units (RSUs) that are considered to be participating securities. Due to the presence of participating securities, AbbVie calculates earnings per share (EPS) using the more dilutive of the treasury stock or the two-class method. For all periods presented, the two-class method was more dilutive.
The following table summarizes the impact of the two-class method:
Years ended December 31,
(in millions, except per share data)202520242023
Basic EPS
Net earnings attributable to AbbVie Inc.$4,226 $4,278 $4,863 
Earnings allocated to participating securities40 40 43 
Earnings available to common shareholders$4,186 $4,238 $4,820 
Weighted average basic shares of common stock outstanding1,769 1,769 1,768 
Basic earnings per share attributable to AbbVie Inc.$2.37 $2.40 $2.73 
Diluted EPS
Net earnings attributable to AbbVie Inc.$4,226 $4,278 $4,863 
Earnings allocated to participating securities40 40 43 
Earnings available to common shareholders$4,186 $4,238 $4,820 
Weighted average shares of common stock outstanding1,769 1,769 1,768 
Effect of dilutive securities
Weighted average diluted shares of common stock outstanding1,773 1,773 1,773 
Diluted earnings per share attributable to AbbVie Inc.$2.36 $2.39 $2.72 
Certain shares issuable under stock-based compensation plans were excluded from the computation of EPS because the effect would have been antidilutive. The number of common shares excluded was insignificant for all periods presented.

Historical Timeline

Fiscal YearFiled
2025Feb 20, 2026Showing above
2024Feb 14, 2025
2023Feb 20, 2024
2022Feb 17, 2023
2021Feb 18, 2022
2020Feb 19, 2021
2019Feb 21, 2020
2018Feb 27, 2019
2017Feb 16, 2018
2016Feb 17, 2017
2015Feb 19, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.