v3.26.1
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Stock Options Activity
The following is a summary of Elbit Systems' options activity under the equity incentive plans:
Number of options 2025Weighted average exercise price 2025Number of options 2024Weighted average exercise price 2024
Outstanding - beginning of the year2,863,082 186.90 1,452,821 163.30 
Granted121,200 497.50 1,743,650 201.53 
Exercised(546,724)157.94 (293,049)156.89 
Forfeited(29,140)196.01 (40,340)187.20 
Outstanding - end of the year2,408,418 208.99 2,863,082 186.90 
Compensation Expenses Before Tax
Compensation expenses related to the Equity Incentive Plans amounted to $26,391, $15,760 and $12,141 for the three years ended December 31, 2025, 2024 and 2023 respectively, which were recognized, as follows:

 Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Cost of revenues$3,960 $2,365 $1,822 
General and administration expenses22,431 13,395 10,319 
 $26,391 $15,760 $12,141 
The Company recorded an amount of approximately $1,868, $1,101 and $10,589, during the three years ended December 31, 2025, 2024 and 2023, respectively, as compensation costs related to the phantom bonus units granted under the 2018 Phantom Plan, as follows:
 Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Cost of revenues$1,481 $575 $6,164 
General and administration expenses281 460 2,635 
Marketing and selling106 66 1,790 
 $1,868 $1,101 $10,589 
Computation Of Basic And Diluted Net Earnings Per Share
Computation of basic and diluted net earnings per share:
 Net income to shareholders of ordinary shares Year ended December 31, 2025Weighted
average number of shares (*) Year ended December 31, 2025		Per share amount Year ended December 31, 2025Net income
to shareholders
of ordinary
shares Year ended December 31, 2024		Weighted average number of shares (*) Year ended December 31, 2024Per share amount Year ended December 31, 2024
Basic net earnings$534,339 45,710 $11.69 $321,138 44,480 $7.22 
Effect of dilutive securities:      
Employee stock options— 1,208 (0.30)— 229 (0.04)
Diluted net earnings$534,339 46,918 $11.39 $321,138 44,709 $7.18 
(*) In thousands