Finance calculators

EPS Calculator

Updated Sep 22, 2026 By Infinity Calculator
Rate Formulas

Global Settings

Applies instantly to every money field and result.
Enter the current stock price to calculate Price-to-Earnings (P/E) ratios.

Reporting Periods & Results

Step-by-Step Solution

Period Comparison

Basic and diluted earnings per share for each reporting period entered above.

Summary & Period-over-Period Change

EPS by Period

Multi-Company Comparison

Basic EPS computed for each company entered in this workspace.
Company Net Income Preferred Dividends Shares Outstanding Basic EPS

Introduction

Earnings per share, or EPS, shows how much profit a company makes for each share of its stock. It is one of the fastest ways to see if a business is doing well. This EPS calculator turns net income into a per-share figure.

Type in the net income, any preferred dividends, and the number of shares. That gives you basic EPS. If you add dilutive shares from options or convertible notes, you also get diluted EPS. Add a stock price and you get the P/E ratio too.

You can add more than one period, like FY 2024 and FY 2025, and see them side by side in a table and a chart. You can also compare EPS for a few different companies at once. Each answer comes with step-by-step math, so you can check the work or learn how the formula works.

How to use our EPS Calculator

Enter your net income, preferred dividends, and share counts for each period. The calculator shows your basic EPS, diluted EPS, a step-by-step solution, a P/E ratio, a comparison table, and a chart.

Currency Symbol: Pick the money sign you want to see, like $, £, €, or ¥. Choose "None" if you want no symbol at all.

Stock Price: Type the current share price to get the price-to-earnings (P/E) ratio. Leave it blank if you only want EPS.

Period Label: Name the period, such as FY 2025 or Q3 2025. This name shows up in the results, table, and chart.

Net Income (I): Enter the profit the company earned in that period. You can find this at the bottom of the income statement.

Preferred Dividends (D): Enter the dividends paid to preferred shareholders. This money is taken out first, so it lowers EPS. Leave it at 0 if there are none.

Weighted Average Shares Outstanding (S): Enter the average number of common shares during the period. This must be 1 or more, since it is the bottom of the EPS formula.

Dilutive Securities / Additional Shares (DS): Enter the extra shares that would exist if options, warrants, or convertible bonds were used. This gives you diluted EPS. Leave it at 0 to skip it.

Add Period: Click this to add another year or quarter. With two or more periods, you also get average EPS, high and low periods, and the change from one period to the next.

Company Name: In the multi-company section, type the name of each company you want to compare.

Company Net Income, Preferred Dividends, and Shares Outstanding: Enter these three numbers for each company. The table then shows the basic EPS for every company side by side.

Calculate and Reset: Results update as you type, but you can click Calculate any time. Click Reset to bring back the sample numbers and start over.

What Is Earnings Per Share (EPS)?

Earnings per share, or EPS, shows how much profit a company earns for each share of its common stock. It turns one big number (net income) into a small number you can compare from year to year, or between two companies. A rising EPS usually means the company is making more money for its owners.

The EPS Formula

Basic EPS uses three pieces of information:

Basic EPS = (Net Income − Preferred Dividends) ÷ Weighted Average Shares Outstanding

  • Net income is the profit left after all costs and taxes.
  • Preferred dividends are payments owed to preferred shareholders. They get paid first, so this money is taken out.
  • Weighted average shares is the average number of common shares during the period. It is an average because companies may issue or buy back shares partway through the year.

Basic EPS vs. Diluted EPS

Some companies have stock options, warrants, or convertible bonds. If those are used, new shares appear and the same profit gets split more ways. Diluted EPS adds those extra shares to the bottom of the formula:

Diluted EPS = (Net Income − Preferred Dividends) ÷ (Shares + Dilutive Securities)

Diluted EPS is always the same as or lower than basic EPS. Investors often look at diluted EPS because it shows the worst realistic case.

EPS and the P/E Ratio

EPS is also used to judge if a stock price is cheap or costly. Divide the stock price by EPS to get the price-to-earnings (P/E) ratio:

P/E = Stock Price ÷ EPS

A P/E of 20x means investors pay $20 for every $1 of yearly earnings. P/E only makes sense when EPS is positive.

How to Read Your Results

  • Positive EPS means the company made a profit per share.
  • Negative EPS means it lost money per share.
  • EPS near zero means it about broke even.

Things to Keep in Mind

EPS can go up even when sales do not grow. If a company buys back its own shares, the share count drops and EPS rises. One-time events, like selling a building, can also lift EPS for a single year. Compare EPS across several periods, and compare it with other companies in the same industry, before making a decision.


Formulas used

Earnings available to common shareholders (numerator)
I - D
Basic EPS
\text{Basic EPS} = \frac{I - D}{S}
Diluted EPS
\text{Diluted EPS} = \frac{I - D}{S + DS}
Price-to-Earnings ratio
\text{P/E} = \frac{P}{\text{EPS}}
Average Basic EPS across periods
\overline{\text{EPS}} = \frac{1}{n}\sum_{k=1}^{n} \text{EPS}_k
Period-over-period change in Basic EPS
\%\Delta = \frac{\text{EPS}_{t} - \text{EPS}_{t-1}}{\left|\text{EPS}_{t-1}\right|} \times 100

Frequently asked questions

What is a good EPS for a stock?

There is no single "good" number. EPS depends on how many shares a company has, so a big company with 1 billion shares can have a small EPS and still be very profitable.

Instead of judging one number, look at:

  • Growth: is EPS rising over several years?
  • Peers: how does it compare to other firms in the same industry?
  • Quality: is the profit from real sales, not one-time gains?

How do you calculate weighted average shares outstanding?

Weight each share count by how long it was outstanding during the year.

Example: a company has 10,000 shares for 9 months, then issues 2,000 more for the last 3 months.

(10,000 × 9/12) + (12,000 × 3/12) = 7,500 + 3,000 = 10,500 weighted average shares

This is used instead of the year-end count because new shares only earn profit for part of the year.

Where do you find EPS on a financial statement?

EPS sits at the very bottom of the income statement. Public companies must show both basic EPS and diluted EPS there.

You can find it in the company's annual report (10-K) or quarterly report (10-Q). The notes to the statements show how the share counts were worked out.

What does TTM EPS mean?

TTM means trailing twelve months. It is the sum of EPS from the last four quarters that have been reported.

It gives you a full year of earnings that is up to date, even in the middle of a fiscal year. Forward EPS is different. That one is an estimate of what the next 12 months might bring.

What is the difference between GAAP EPS and adjusted EPS?

GAAP EPS follows the official accounting rules and counts everything, including bad news.

Adjusted (non-GAAP) EPS leaves out items the company calls one-time, such as restructuring costs, lawsuits, or stock-based pay.

Adjusted EPS is almost always the higher number. Always check what was removed before you trust it.

What counts as a dilutive security?

Anything that can turn into new common shares, such as:

  • Employee stock options
  • Warrants
  • Convertible bonds
  • Convertible preferred stock
  • Restricted stock units (RSUs)

If these are used, the same profit is split among more shares, so EPS drops.

How does the treasury stock method work for diluted shares?

It assumes option holders pay the strike price, and the company uses that cash to buy back shares at the market price. Only the leftover shares are added.

Example: 1,000 options at a $10 strike, stock trades at $25.

  • Cash in: 1,000 × $10 = $10,000
  • Shares bought back: $10,000 ÷ $25 = 400
  • Extra shares added: 1,000 − 400 = 600

What does anti-dilutive mean?

Anti-dilutive means the extra shares would actually raise EPS instead of lowering it. Accounting rules say to leave those out.

This happens when an option's strike price is above the market price, or when the company had a loss. During a loss year, more shares would make the loss per share look smaller, so all dilutive shares are ignored.

How does a stock split affect EPS?

A split changes the share count, not the profit. In a 2-for-1 split, shares double and EPS is cut in half.

Example: $2.00 EPS becomes $1.00 EPS after a 2-for-1 split.

Companies restate older EPS figures too, so past years still compare fairly. Your investment is worth the same before and after.

What is an EPS beat or an EPS miss?

Analysts guess what a company's EPS will be before earnings day. If the real EPS comes in higher, that is a beat. If it comes in lower, that is a miss.

Share prices often jump or fall on the gap. A stock can still drop after a beat if the company's outlook for the future is weak.

How do you calculate EPS growth rate?

Use this formula:

EPS Growth % = (New EPS − Old EPS) ÷ |Old EPS| × 100

Example: EPS goes from $0.50 to $0.60.

($0.60 − $0.50) ÷ $0.50 × 100 = 20% growth

Steady growth over many years matters more than one big jump.

Is EPS the same as money paid to shareholders?

No. EPS is accounting profit per share, not cash in your pocket. Companies keep most earnings to pay debt, buy equipment, or grow.

The cash you receive is the dividend per share. Compare the two with the payout ratio:

Payout Ratio = Dividends Per Share ÷ EPS

A $0.40 dividend on $1.00 EPS is a 40% payout ratio.

Why do two companies with the same profit have different EPS?

Because they have different share counts. EPS splits profit by shares, so more shares means a smaller number per share.

Example: both firms earn $1,000,000.

  • Company A has 500,000 shares → EPS = $2.00
  • Company B has 2,000,000 shares → EPS = $0.50

Neither is better just from EPS alone. That is why EPS works best when you compare a company to its own past results.