AMGEN INC Earnings Per Share Disclosure
| Years ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Income (Numerator): | |||||||||||||||||
| Net income for basic and diluted earnings per share | $ | 7,711 | $ | 4,090 | $ | 6,717 | |||||||||||
| Shares (Denominator): | |||||||||||||||||
| Weighted-average shares for basic earnings per share | 538 | 537 | 535 | ||||||||||||||
| Effect of dilutive securities | 4 | 4 | 3 | ||||||||||||||
| Weighted-average shares for diluted earnings per share | 542 | 541 | 538 | ||||||||||||||
| Basic earnings per share | $ | 14.33 | $ | 7.62 | $ | 12.56 | |||||||||||
| Diluted earnings per share | $ | 14.23 | $ | 7.56 | $ | 12.49 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 9, 2023 | |
| 2021 | Feb 16, 2022 | |
| 2020 | Feb 9, 2021 | |
| 2019 | Feb 12, 2020 | |
| 2018 | Feb 13, 2019 | |
| 2017 | Feb 13, 2018 | |
| 2016 | Feb 14, 2017 | |
| 2015 | Feb 16, 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.