GameStop Corp.GME

GameStop Corp. Earnings Per Share Disclosure

10-KFiled Mar 24, 20261 min read
Earnings Per Share
Basic net income per common share is computed by dividing the net income available to Class A Common Stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing the net income available to Class A Common Stockholders by the weighted-average number of common shares outstanding and potentially dilutive securities outstanding during the period. Potentially dilutive securities include shares from convertible notes, stock options, warrants, unvested restricted stock and unvested restricted stock units outstanding during the period, using the treasury stock method. Potentially dilutive securities are excluded from the computations of diluted earnings per share if their effect would be antidilutive. For example, the warrants are anti-dilutive and are excluded from the diluted earnings per share computations primarily because the exercise price is significantly above the average market price. A net loss from continuing operations causes all potentially dilutive securities to be antidilutive.
The following is a reconciliation of shares used in calculating basic and diluted net income per common share:
Fiscal Year ended
202520242023
Weighted-average common shares outstanding447.6 394.1 305.1 
Dilutive effect of stock-based awards0.5 0.6 0.1 
Dilutive effect of Convertible Notes101.0 — — 
Weighted-average diluted common shares549.1 394.7 305.2 
Anti-dilutive shares:
Warrants to purchase common stock19.0 — — 
Restricted stock units0.1 0.7 2.7 

Historical Timeline

Fiscal YearFiled
2026Mar 24, 2026Showing above
2025Mar 25, 2025
2024Mar 26, 2024
2023Mar 28, 2023
2022Mar 17, 2022
2021Mar 23, 2021
2020Mar 27, 2020
2019Apr 2, 2019
2018Apr 2, 2018
2017Mar 27, 2017

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

Income TaxesRevenueFair ValuePP&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsStock CompensationNew StandardsPay vs Performance