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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Revenues        
Service revenues $ 1,550 $ 1,417 $ 4,665 $ 4,298
Data processing revenues 1,400 1,321 4,123 3,819
International transaction revenues 1,039 860 2,973 2,622
Other revenues 199 195 607 558
Client incentives (670) (638) (2,059) (1,824)
Total operating revenues 3,518 3,155 10,309 9,473
Operating Expenses        
Personnel 566 463 1,558 1,379
Marketing 224 228 619 659
Network and processing 117 127 340 379
Professional fees 82 82 229 234
Depreciation and amortization 130 109 375 323
General and administrative 137 126 404 354
Litigation provision (Note 13) 0 0 3 0
Total operating expenses 1,256 1,135 3,528 3,328
Operating income 2,262 2,020 6,781 6,145
Non-operating (expense) income (94) 10 (69) 29
Income before income taxes 2,168 2,030 6,712 6,174
Income tax provision (Note 12) 471 670 1,896 1,809
Net income $ 1,697 $ 1,360 $ 4,816 $ 4,365
Class A common stock        
Earnings Per Share        
Basic earnings per share (Note 10) (in dollars per share) [1] $ 0.69 $ 0.54 $ 1.96 $ 1.73
Basic weighted-average shares outstanding (Note 10) (in shares) 1,955 1,982 1,964 2,001
Diluted earnings per share (Note 10) (in dollars per share) [1] $ 0.69 $ 0.54 $ 1.96 $ 1.72
Diluted weighted-average shares outstanding (Note 10) (in shares) [2] 2,448 2,511 2,462 2,533
Class B common stock        
Earnings Per Share        
Basic earnings per share (Note 10) (in dollars per share) [1] $ 1.14 $ 0.91 $ 3.23 $ 2.91
Basic weighted-average shares outstanding (Note 10) (in shares) [3] 245 245 245 245
Diluted earnings per share (Note 10) (in dollars per share) [1] $ 1.14 $ 0.91 $ 3.22 $ 2.90
Diluted weighted-average shares outstanding (Note 10) (in shares) [3] 245 245 245 245
Class C common stock        
Earnings Per Share        
Basic earnings per share (Note 10) (in dollars per share) [1] $ 2.78 $ 2.17 $ 7.84 $ 6.91
Basic weighted-average shares outstanding (Note 10) (in shares) [3] 20 26 21 26
Diluted earnings per share (Note 10) (in dollars per share) [1] $ 2.77 $ 2.17 $ 7.82 $ 6.89
Diluted weighted-average shares outstanding (Note 10) (in shares) [3] 20 26 21 26
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers. The number of shares and per share amounts for the prior periods presented have been retroactively adjusted to reflect the four-for-one stock split effected in the fiscal second quarter of 2015. See Note 9—Stockholders' Equity.
[2] Weighted-average diluted shares outstanding are calculated on an as-converted basis, and include incremental common stock equivalents, as calculated under the treasury stock method. The computation includes approximately 5 million common stock equivalents for the three and nine months ended June 30, 2015, and 6 million and 7 million common stock equivalents for the three and nine months ended June 30, 2014, respectively, because their effect would be dilutive. The calculation excludes 1 million of common stock equivalents for the three months ended June 30, 2015 and 2014, and 2 million of common stock equivalents for the nine months ended June 30, 2015 and 2014, because their effect would have been anti-dilutive.
[3] The outstanding number of shares of class B and C common stock were not impacted by the stock split as these stockholders received an adjustment to their respective conversion ratios instead of stock dividends. See Note 9—Stockholders' Equity. Weighted-average basic and diluted shares outstanding for class B and C common stock are calculated based on the common shares outstanding of each respective class rather than on an as-converted basis.