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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating Revenues        
Service revenues $ 1,216 $ 1,055 $ 3,608 $ 3,156
Data processing revenues 1,040 886 2,913 2,553
International transaction revenues 748 662 2,229 1,916
Other revenues 175 167 532 484
Client incentives (614) (448) (1,592) (1,304)
Total operating revenues 2,565 2,322 7,690 6,805
Operating Expenses        
Personnel 435 363 1,255 1,071
Network and processing 102 91 303 251
Marketing 242 251 602 631
Professional fees 99 84 251 222
Depreciation and amortization 84 74 244 211
General and administrative 112 114 320 319
Litigation provision (Note 10) 4,098    4,098 6
Total operating expenses 5,172 977 7,073 2,711
Operating (loss) income (2,607) 1,345 617 4,094
Other Income (Expense)        
Interest expense (11) (11) (28) (19)
Investment income, net 12 88 31 107
Other (1) 121 (1) 120
Total other income    198 2 208
(Loss) income before income taxes (2,607) 1,543 619 4,302
Income tax (benefit) provision (768) 539 139 1,534
Net (loss) income including non-controlling interest (1,839) 1,004 480 2,768
Loss attributable to non-controlling interest    1 2 2
Net (loss) income attributable to Visa Inc. (1,839) 1,005 482 2,770
Class A common stock
       
Other Income (Expense)        
Net (loss) income attributable to Visa Inc. (1,437) 746 372 1,976
Earnings Per Share        
Basic (loss) earnings per share (Note 7) $ (2.74) $ 1.43 [1] $ 0.71 [1] $ 3.90 [1]
Basic weighted-average shares outstanding (Note 7) 525 521 523 506
Diluted (loss) earnings per share (Note 7) $ (2.74) $ 1.43 $ 0.71 $ 3.89
Diluted weighted-average shares outstanding (Note 7) 672 704 [2] 681 [2] 712 [2]
Class B common stock
       
Other Income (Expense)        
Net (loss) income attributable to Visa Inc. (286) 172 [3] 78 [3] 483 [3]
Earnings Per Share        
Basic (loss) earnings per share (Note 7) $ (1.16) $ 0.70 [1] $ 0.32 [1] $ 1.97 [1]
Basic weighted-average shares outstanding (Note 7) 245 245 245 245
Diluted (loss) earnings per share (Note 7) $ (1.16) $ 0.70 $ 0.32 $ 1.96
Diluted weighted-average shares outstanding (Note 7) 245 245 245 245
Class C common stock
       
Other Income (Expense)        
Net (loss) income attributable to Visa Inc. $ (109) $ 84 $ 30 $ 302
Earnings Per Share        
Basic (loss) earnings per share (Note 7) $ (2.74) $ 1.43 [1] $ 0.71 [1] $ 3.90 [1]
Basic weighted-average shares outstanding (Note 7) 40 59 43 78
Diluted (loss) earnings per share (Note 7) $ (2.74) $ 1.43 $ 0.71 $ 3.89
Diluted weighted-average shares outstanding (Note 7) 40 59 43 78
[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.