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Earnings Per Common Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share 12. Earnings Per Common Share
Basic and diluted net income per common share are calculated as follows:
 
Three Months Ended
September 30, 2025
Nine Months Ended
September 30, 2025
 
Basic
Diluted
Basic
Diluted
Net income attributable to common shares
$900,000
$900,000
$450,600,000
$450,600,000
Weighted-average common shares outstanding
360,065,837
376,487,705
359,965,320
369,932,801
Net income per common share
$0.00
$0.00
$1.25
$1.22
Three Months Ended
September 30, 2024
Nine Months Ended
September 30, 2024
Basic
Diluted
Basic
Diluted
Net income attributable to common shares
$595,700,000
$595,700,000
$809,500,000
$809,500,000
Weighted-average common shares outstanding
357,689,521
364,789,752
358,966,961
367,073,705
Net income per common share
$1.67
$1.63
$2.26
$2.21
The weighted-average common shares outstanding, basic and diluted, are calculated as follows:
 
Three Months Ended
September 30, 2025
Nine Months Ended
September 30, 2025
 
Basic
Diluted
Basic
Diluted
The Carlyle Group Inc. weighted-average common shares outstanding
360,065,837
360,065,837
359,965,320
359,965,320
Unvested restricted stock units
6,763,578
6,287,811
Issuable common shares and performance-vesting restricted stock units
9,658,290
3,679,670
Weighted-average common shares outstanding
360,065,837
376,487,705
359,965,320
369,932,801
Three Months Ended
September 30, 2024
Nine Months Ended
September 30, 2024
Basic
Diluted
Basic
Diluted
The Carlyle Group Inc. weighted-average common shares outstanding
357,689,521
357,689,521
358,966,961
358,966,961
Unvested restricted stock units
5,692,912
6,766,273
Issuable common shares and performance-vesting restricted stock units
1,407,319
1,340,471
Weighted-average common shares outstanding
357,689,521
364,789,752
358,966,961
367,073,705
The Company applies the treasury stock method to determine the dilutive weighted-average common shares represented
by the unvested restricted stock units. Also included in the determination of dilutive weighted-average common shares are
issuable common shares associated with the Company’s investment in NGP and performance-vesting restricted stock units.