Earnings Per Share

9 Months Ended

Sep. 30, 2025

NOTE 4 — EARNINGS PER SHARE

We compute basic earnings per share using the weighted average number of common shares outstanding. We compute diluted earnings per share using the weighted average number of common shares outstanding, plus the dilutive effect of outstanding equity awards, computed using the treasury stock method.

NOTE 4 — EARNINGS PER SHARE (continued)

The following table sets forth the computation of basic and diluted earnings per share for the quarters and nine months ended September 30, 2025 and 2024 (dollars and shares in millions, except per share amounts):


	Quarter				Nine Months
	2025		2024		2025		2024
Net income attributable to HCA Healthcare, Inc.	$	1,643	$	1,270	$	4,906	$	4,322

Weighted average common shares outstanding		232.891		256.763		239.615		260.770
Effect of dilutive incremental shares		3.290		3.154		2.844		3.217
Shares used for diluted earnings per share		236.181		259.917		242.459		263.987
Earnings per share:
Basic earnings	$	7.05	$	4.94	$	20.47	$	16.57
Diluted earnings	$	6.96	$	4.88	$	20.23	$	16.37

HCA Healthcare, Inc. 10-Q