The following table presents basic and diluted loss per share for the three months ended June 30, 2012.



	Basic Earnings (Loss) Per Share								Diluted Earnings (Loss) Per Share
	(in millions, except per share data)
	Loss Allocation (A)				Weighted Average Shares Outstanding (B)	Earnings (Loss) per Share = (A)/(B)⁽¹⁾			Loss Allocation (A)				Weighted Average Shares Outstanding (B)		Earnings (Loss) per Share = (A)/(B)⁽¹⁾

Class A common stock	$	(1,437	)		525	$	(2.74	)	$	(1,839	)		672	⁽²⁾	$	(2.74	)
Class B common stock	(286		)	⁽³⁾	245	(1.16		)	(286		)	⁽³⁾	245		(1.16		)
Class C common stock	(109		)		40	(2.74		)	(109		)		40		(2.74		)
Participating securities⁽⁴⁾	(7		)		Not presented	Not presented			(7		)		Not presented		Not presented
Net loss attributable to Visa Inc.	$	(1,839	)

The following table presents basic and diluted earnings per share for the nine months ended June 30, 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⁾

Class A common stock	$	372		523	$	0.71	$	482		681	⁽²⁾	$	0.71
Class B common stock	78		⁽³⁾	245	0.32		78		⁽³⁾	245		0.32
Class C common stock	30			43	0.71		30			43		0.71
Participating securities⁽⁴⁾	2			Not presented	Not presented		2			Not presented		Not presented
Net income attributable to Visa Inc.	$	482

The following table presents basic and diluted earnings per share for the three months ended June 30, 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⁾

Class A common stock	$	746		521	$	1.43	$	1,005		704	⁽²⁾	$	1.43
Class B common stock	172		⁽³⁾	245	0.70		171		⁽³⁾	245		0.70
Class C common stock	84			59	1.43		84			59		1.43
Participating securities⁽⁴⁾	3			Not presented	Not presented		3			Not presented		Not presented
Net income attributable to Visa Inc.	$	1,005

The following table presents basic and diluted earnings per share for the nine months ended June 30, 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⁾

Class A common stock	$	1,976		506	$	3.90	$	2,770		712	⁽²⁾	$	3.89
Class B common stock	483		⁽³⁾	245	1.97		481		⁽³⁾	245		1.96
Class C common stock	302			78	3.90		302			78		3.89
Participating securities⁽⁴⁾	9			Not presented	Not presented		9			Not presented		Not presented
Net income attributable to Visa Inc.	$	2,770


⁽¹⁾	Earnings (loss) 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 dilutive shares of outstanding stock awards for the nine months ended June 30, 2012 and 3 million and 2 million for the three and nine months ended June 30, 2011, respectively. As the Company had a net loss for the three months ended June 30, 2012, the computation excluded 7 million outstanding stock awards because their effect would have been anti-dilutive. The computation excluded stock options to purchase less than 1 million shares of common stock for the nine months ended June 30, 2012 and 2 million for the three and nine months ended June 30, 2011, respectively, because their effect would have been anti-dilutive.

⁽³⁾

Net income (loss) 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 (loss) income allocation were 104 million and 110 million for the three and nine months ended June 30, 2012 and 120 million and 124 million for the three and nine months ended June 30, 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.