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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Operating Revenues        
Service revenues $ 1,993 $ 1,699 $ 3,911 $ 3,344
Data processing revenues 1,843 1,473 3,735 2,952
International transaction revenues 1,469 1,045 2,958 2,076
Other revenues 203 198 406 396
Client incentives (1,031) (789) (2,072) (1,577)
Net operating revenues 4,477 3,626 8,938 7,191
Operating Expenses        
Personnel 704 528 1,275 1,027
Marketing 193 186 411 380
Network and processing 150 126 295 254
Professional fees 83 66 163 138
Depreciation and amortization 131 121 277 241
General and administrative 406 164 592 320
Litigation provision (Note 13) 2 1 17 1
Total operating expenses 1,669 1,192 3,030 2,361
Operating income 2,808 2,434 5,908 4,830
Non-operating (Expense) Income        
Interest expense (135) (132) (275) (161)
Other 29 139 48 411
Non-operating (expense) income (106) 7 (227) 250
Income before income taxes 2,702 2,441 5,681 5,080
Income tax provision (Note 12) 2,272 734 3,181 1,432
Net income $ 430 $ 1,707 $ 2,500 $ 3,648
Class A common stock        
Earnings Per Share        
Basic earnings per share (in dollars per share) $ 0.18 $ 0.71 [1] $ 1.04 [1] $ 1.51 [1]
Basic weighted-average shares outstanding (in shares) 1,854 1,909 1,857 1,923
Diluted earnings per share (in dollars per share) $ 0.18 $ 0.71 [1] $ 1.04 [1] $ 1.51 [1]
Diluted weighted-average shares outstanding (in shares) [2] 2,406 2,401 2,413 2,416
Class B common stock        
Earnings Per Share        
Basic earnings per share (in dollars per share) $ 0.30 $ 1.17 [1] $ 1.71 [1] $ 2.49 [1]
Basic weighted-average shares outstanding (in shares) 245 245 245 245
Diluted earnings per share (in dollars per share) $ 0.29 $ 1.17 [1] $ 1.71 [1] $ 2.49 [1]
Diluted weighted-average shares outstanding (in shares) 245 245 245 245
Class C common stock        
Earnings Per Share        
Basic earnings per share (in dollars per share) $ 0.72 $ 2.85 [1] $ 4.15 [1] $ 6.05 [1]
Basic weighted-average shares outstanding (in shares) 15 19 16 19
Diluted earnings per share (in dollars per share) $ 0.72 $ 2.84 [1] $ 4.14 [1] $ 6.04 [1]
Diluted weighted-average shares outstanding (in shares) 15 19 16 19
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
[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 six months ended March 31, 2017 and 2016, because their effect would be dilutive. The computation excludes 3 million of common stock equivalents for the three and six months ended March 31, 2017 and 1 million of common stock equivalents for the three and six months ended March 31, 2016, because their effect would have been anti-dilutive.