Booz Allen Hamilton Holding CorpBAH

Booz Allen Hamilton Holding Corp Earnings Per Share Disclosure

10-KFiled May 22, 20262 min read
Earnings Per Share
The Company computes basic and diluted earnings per share amounts based on net income attributable to common stockholders for the periods presented. The Company uses the weighted average number of shares of common stock outstanding during the period to calculate basic earnings per share (“EPS”). Diluted EPS adjusts the weighted average number of shares outstanding to include the dilutive effect of outstanding common stock options and other stock-based awards.
The Company currently has outstanding shares of Class A Common Stock. Holders of unvested Class A Restricted Common Stock are entitled to participate in non-forfeitable dividends or other distributions (“participating securities”). These unvested restricted shares participated in the Company's dividends declared and paid in each quarter of fiscal 2026, 2025, and 2024. As such, EPS is calculated using the two-class method whereby earnings are reduced by distributed earnings as well as any available undistributed earnings allocable to holders of these unvested restricted shares. A reconciliation of the income used to compute basic and diluted EPS for the periods presented are as follows: 
 Fiscal Year Ended
 March 31,
 202620252024
Numerator: (1)
Earnings for basic computations$845 $930 $601 
Earnings for diluted computations$845 $930 $601 
Denominator:
Weighted-average common stock shares outstanding, basic122,071,669127,763,166130,366,501
Dilutive stock options and restricted stock303,482 527,251449,402
Weighted-average common stock shares outstanding, diluted (2)
122,375,151 128,290,417130,815,903
Earnings per share of common share:
Basic$6.92 $7.28 $4.61 
Diluted (2)
$6.90 $7.25 $4.59 
(1) The difference between earnings for basic and diluted computations and net income presented on the consolidated statements of operations is due to undistributed earnings and dividends allocated to the participating securities. During fiscal 2026, 2025, and 2024, respectively, approximately 0.9 million, 0.7 million, and 1.1 million shares of participating securities were paid dividends totaling $2 million, $1 million, and $2 million, respectively. There were undistributed earnings of $4 million in both fiscal 2026 and 2025, and $3 million in fiscal 2024, allocated to the participating class of securities in both basic and diluted earnings per share of common stock.
(2) The impact of anti-dilutive options excluded from the calculation of diluted EPS was not material during the periods presented.

Historical Timeline

Fiscal YearFiled
2026May 22, 2026Showing above
2025May 23, 2025
2024May 24, 2024
2023May 26, 2023
2022May 20, 2022
2021May 21, 2021
2020May 26, 2020
2019May 28, 2019
2018May 29, 2018
2017May 22, 2017
2016May 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.

Other Available Disclosures

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