General Motors Co Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Basic earnings per share | |||||||||||||||||
| Net income (loss) attributable to stockholders | $ | 2,697 | $ | 6,008 | $ | 10,127 | |||||||||||
| Adjustments(a) | 483 | 1,181 | (106) | ||||||||||||||
| Net income (loss) attributable to common stockholders | $ | 3,180 | $ | 7,189 | $ | 10,022 | |||||||||||
| Weighted-average common shares outstanding | 955 | 1,115 | 1,364 | ||||||||||||||
| Basic earnings per common share | $ | 3.33 | $ | 6.45 | $ | 7.35 | |||||||||||
| Diluted earnings per share | |||||||||||||||||
| Net income (loss) attributable to common stockholders – diluted | $ | 3,180 | $ | 7,189 | $ | 10,022 | |||||||||||
| Weighted-average common shares outstanding – basic | 955 | 1,115 | 1,364 | ||||||||||||||
| Dilutive effect of awards under stock incentive plans | 17 | 13 | 6 | ||||||||||||||
| Weighted-average common shares outstanding – diluted | 973 | 1,129 | 1,369 | ||||||||||||||
| Diluted earnings per common share | $ | 3.27 | $ | 6.37 | $ | 7.32 | |||||||||||
| Potentially dilutive securities(b) | — | — | 23 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 27, 2026 | Showing above |
| 2024 | Jan 28, 2025 | |
| 2023 | Jan 30, 2024 | |
| 2022 | Jan 31, 2023 | |
| 2021 | Feb 2, 2022 | |
| 2020 | Feb 10, 2021 | |
| 2019 | Feb 5, 2020 | |
| 2018 | Feb 6, 2019 | |
| 2017 | Feb 6, 2018 | |
| 2016 | Feb 7, 2017 | |
| 2015 | Feb 3, 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.