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Exhibit 11

WADDELL & REED FINANCIAL, INC.
COMPUTATION OF EARNINGS PER SHARE

	2004		2003		2002
	(in thousands except for per share data)
Net income	$	102,165	$	54,265	$	87,425
Basic weighted average shares outstanding		80,613		81,275		80,382
Diluted weighted average shares outstanding		81,914		82,590		81,874
Basic net income per share	$	1.27	$	0.67	$	1.09
Diluted net income per share	$	1.25	$	0.66	$	1.07

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WADDELL & REED FINANCIAL, INC. COMPUTATION OF EARNINGS PER SHARE