The following table presents basic and diluted earnings per share for the three months ended March 31, 2012.



	Basic Earnings Per Share						Diluted Earnings Per Share
	(in millions, except per share data)
	Income Allocation (A)			Weighted Average Shares Outstanding (B)	Earnings per Share = (A)/(B)⁽¹⁾		Income Allocation (A)			Weighted Average Shares Outstanding (B)		Earnings per Share = (A)/(B)⁽¹⁾
Common Stock:
Class A	$	1,006		524	$	1.92	$	1,292		676	⁽²⁾	$	1.91
Class B	200		⁽³⁾	245	0.82		200		⁽³⁾	245		0.81
Class C	81			42	1.92		80			42		1.91
Participating securities⁽⁴⁾	5			Not presented	Not presented		5			Not presented		Not presented
Net income attributable to Visa Inc.	$	1,292

The following table presents basic and diluted earnings per share for the six months ended March 31, 2012.



	Basic Earnings Per Share						Diluted Earnings Per Share
	(in millions, except per share data)
	Income Allocation (A)			Weighted Average Shares Outstanding (B)	Earnings per Share = (A)/(B)⁽¹⁾		Income Allocation (A)			Weighted Average Shares Outstanding (B)		Earnings per Share = (A)/(B)⁽¹⁾
Common Stock:
Class A	$	1,780		522	$	3.41	$	2,321		683	⁽²⁾	$	3.40
Class B	382		⁽³⁾	245	1.56		381		⁽³⁾	245		1.55
Class C	151			44	3.41		150			44		3.40
Participating securities⁽⁴⁾	8			Not presented	Not presented		8			Not presented		Not presented
Net income attributable to Visa Inc.	$	2,321

The following table presents basic and diluted earnings per share for the three months ended March 31, 2011.



	Basic Earnings Per Share						Diluted Earnings Per Share
	(in millions, except per share data)
	Income Allocation (A)			Weighted Average Shares Outstanding (B)	Earnings per Share = (A)/(B)⁽¹⁾		Income Allocation (A)			Weighted Average Shares Outstanding (B)		Earnings per Share = (A)/(B)⁽¹⁾
Common Stock:
Class A	$	625		505	$	1.24	$	881		714	⁽²⁾	$	1.23
Class B	155		⁽³⁾	245	0.63		154		⁽³⁾	245		0.63
Class C	98			80	1.24		98			80		1.23
Participating securities⁽⁴⁾	3			Not presented	Not presented		3			Not presented		Not presented
Net income attributable to Visa Inc.	$	881

The following table presents basic and diluted earnings per share for the six months ended March 31, 2011.



	Basic Earnings Per Share						Diluted Earnings Per Share
	(in millions, except per share data)
	Income Allocation (A)			Weighted Average Shares Outstanding (B)	Earnings per Share = (A)/(B)⁽¹⁾		Income Allocation (A)			Weighted Average Shares Outstanding (B)		Earnings per Share = (A)/(B)⁽¹⁾
Common Stock:
Class A	$	1,234		499	$	2.47	$	1,765		717	⁽²⁾	$	2.46
Class B	310		⁽³⁾	245	1.26		309		⁽³⁾	245		1.26
Class C	215			87	2.47		214			87		2.46
Participating securities⁽⁴⁾	6			Not presented	Not presented		6			Not presented		Not presented
Net income attributable to Visa Inc.	$	1,765


⁽¹⁾	Earnings per share calculated based on whole numbers, not rounded numbers.

⁽²⁾

The computation of weighted-average dilutive shares outstanding included the effect of 3 million and 2 million dilutive shares of outstanding stock awards for the three and six months ended March 31, 2012 and March 31, 2011, respectively. The computation of weighted-average dilutive shares outstanding excluded stock options to purchase less than 1 million shares of common stock for the three and six months ended March 31, 2012 and 2 million for the three and six months ended March 31, 2011 because their effect would have been anti-dilutive.


⁽³⁾	Net income attributable to Visa Inc. is allocated to each class of common stock on an as-converted basis. The weighted-average number of shares of as-converted class B common stock used in the income allocation were 104 million and 112 million for the three and six months ended March 31, 2012 and 125 million and 126 million for the three and six months ended March 31, 2011, respectively.


⁽⁴⁾	Participating securities are unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, such as the Company's restricted stock awards, restricted stock units and earned performance-based shares.