Earnings Per Share
Basic earnings per share ("EPS") are computed using the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflect the incremental shares issuable upon the assumed exercise of stock options and equity awards. The following table reflects the calculation of basic and diluted EPS:
Fiscal Years Ended
(in millions, except per-share amounts)
March 31, 2026March 31, 2025March 31, 2024
Net income attributable to DXC common shareholders:
$18 $389 $91 
Weighted average common shares outstanding for basic EPS175.02 180.68 195.80 
Dilutive effect of stock options and equity awards3.63 4.24 2.98 
Weighted average common shares outstanding for diluted EPS178.65 184.92 198.78 
Earnings per share:
Basic$0.10 $2.15 $0.46 
Diluted$0.10 $2.10 $0.46 

Certain share-based equity awards were excluded from the computation of dilutive EPS because inclusion of these awards would have had an anti-dilutive effect. The following table reflects awards excluded:
Fiscal Years Ended
March 31, 2026March 31, 2025March 31, 2024
Stock Options307,173 810,895 953,126 
RSUs620,493 508,620 1,137,403 
PSUs1,201 118,704 37,504 

Historical Timeline

Fiscal YearFiled
2026May 8, 2026Showing above
2025May 15, 2025
2024May 17, 2024
2019Jun 13, 2019
2018May 29, 2018

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.