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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues        
Service revenues $ 2,196 $ 1,948 $ 6,595 $ 5,859
Data processing revenues 2,359 1,984 6,633 5,719
International transaction revenues 1,830 1,571 5,248 4,529
Other revenues 229 209 688 615
Client incentives (1,374) (1,147) (3,989) (3,219)
Net operating revenues 5,240 4,565 15,175 13,503
Operating Expenses        
Personnel 852 698 2,355 1,973
Marketing 240 221 724 632
Network and processing 169 158 498 453
Professional fees 112 102 312 265
Depreciation and amortization 152 132 450 409
General and administrative 230 230 688 822
Litigation provision (Note 11) 600 0 600 17
Total operating expenses 2,355 1,541 5,627 4,571
Operating income 2,885 3,024 9,548 8,932
Non-operating Income (Expense)        
Interest expense (155) (140) (462) (415)
Other 82 30 182 78
Total non-operating expense (73) (110) (280) (337)
Income before income taxes 2,812 2,914 9,268 8,595
Income tax provision (Note 10) 483 855 1,812 4,036
Net income $ 2,329 $ 2,059 $ 7,456 $ 4,559
Class A common stock        
Earnings Per Share        
Basic earnings per share (in dollars per share) [1] $ 1.00 $ 0.87 $ 3.20 $ 1.90
Basic weighted-average shares outstanding (in shares) 1,784 1,840 1,798 1,852
Diluted earnings per share (in dollars per share) [1] $ 1.00 $ 0.86 $ 3.19 $ 1.90
Diluted weighted-average shares outstanding (in shares) [2] 2,321 2,385 2,337 2,404
Class B common stock        
Earnings Per Share        
Basic earnings per share (in dollars per share) [1] $ 1.66 $ 1.43 $ 5.27 $ 3.13
Basic weighted-average shares outstanding (in shares) 245 245 245 245
Diluted earnings per share (in dollars per share) [1] $ 1.65 $ 1.42 $ 5.26 $ 3.13
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) [1] $ 4.02 $ 3.46 $ 12.78 $ 7.60
Basic weighted-average shares outstanding (in shares) 12 14 12 15
Diluted earnings per share (in dollars per share) [1] $ 4.01 $ 3.45 $ 12.76 $ 7.59
Diluted weighted-average shares outstanding (in shares) 12 14 12 15
[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 3 million common stock equivalents for the three and nine months ended June 30, 2018, and 4 million and 5 million common stock equivalents for the three and nine months ended June 30, 2017, respectively, because their effect would be dilutive. The computation excludes less than 1 million and 1 million of common stock equivalents for the three and nine months ended June 30, 2018, respectively, and less than 1 million and 3 million of common stock equivalents for the three and nine months ended June 30, 2017, respectively, because their effect would have been anti-dilutive.