Earnings Per Share

3 Months Ended

Mar. 31, 2026

The following table sets forth the calculation of basic and diluted net earnings per common share ($ in millions, except per share data in dollars and shares in thousands):


	Three Months Ended March 31,
	2026		2025

Earnings attributable to Centene Corporation	$	1,541	$	1,311

Shares used in computing per share amounts:
Weighted average number of common shares outstanding	492,069		496,214
Common stock equivalents (as determined by applying the treasury stock method)	3,522		1,966
Weighted average number of common shares and potential dilutive common shares outstanding	495,591		498,180

Net earnings per common share attributable to Centene Corporation:
Basic earnings per common share	$	3.13	$	2.64
Diluted earnings per common share	$	3.11	$	2.63

The calculation of diluted earnings per common share for the three months ended March 31, 2026 and 2025 excludes 3,566 thousand shares and 2,380 thousand shares, respectively, related to anti-dilutive stock options and restricted stock units.