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Indexed extraction configurations are processed during the parsing phase of the Splunk data pipeline. In this phase, Splunk breaks down the incoming data into individual events and applies various transformations to the data, such as timestamp recognition and field extraction.

During parsing, indexed extractions come into play, allowing configurations defined in the `props.conf` file to instruct Splunk on how to parse the necessary fields from the raw data as it is being indexed. This means that any specific extraction of fields that should happen at the indexing stage will occur here, ensuring that those fields are available for searching later without requiring further processing.

The other phases of the Splunk data pipeline, while also important, have different roles. The input phase pertains to how data is ingested into Splunk, the indexing phase is primarily about the storage and organization of data after it has been parsed, and the search phase relates to how users query and retrieve data from the indexed store. These phases do not specifically handle the indexed extraction configurations, making parsing the definitive answer.