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Equity And Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Equity And Earnings Per Share [Abstract]  
IBG LLC Ownership of Member Interests

IBG, Inc.

Holdings

Total

Ownership %

25.7%

74.3%

100.0%

Membership interests

108,496,779

313,976,354

422,473,133

Earnings Per Share Basic And Diluted Basic earnings per share is calculated utilizing net income available for common stockholders divided by the weighted average number of shares of Class A and Class B common stock outstanding for that period.

Three Months Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

(in millions, except share or per share amounts)

Basic earnings per share

Net income available for common stockholders

$

179

$

125

$

354

$

273

Weighted average shares of common stock outstanding

Class A

107,718,920

103,587,457

107,394,825

103,274,746

Class B

100

100

100

100

107,719,020

103,587,557

107,394,925

103,274,846

Basic earnings per share

$

1.67

$

1.21

$

3.30

$

2.65

Diluted earnings per share are calculated utilizing the Company’s basic net income available for common stockholders divided by diluted weighted average shares outstanding with no adjustments to net income available to common stockholders for potentially dilutive common shares.

Three Months Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

(in millions, except share or per share amounts)

Diluted earnings per share

Net income available for common stockholders

$

179

$

125

$

354

$

273

Weighted average shares of common stock outstanding

Class A

Issued and outstanding

107,718,920

103,587,457

107,394,825

103,274,746

Potentially dilutive common shares

Issuable pursuant to employee stock incentive plans

907,816

876,172

993,213

980,042

Class B

100

100

100

100

108,626,836

104,463,729

108,388,138

104,254,888

Diluted earnings per share

$

1.65

$

1.20

$

3.27

$

2.62