XML 25 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Operating Revenues      
Service revenues $ 8,918 $ 7,975 $ 6,747 [1]
Data processing revenues 9,027 7,786 6,272 [1]
International transaction revenues 7,211 6,321 4,649 [1]
Other revenue, net 944 841 823 [1]
Client incentives (5,491) (4,565) (3,409) [1]
Net operating revenues 20,609 18,358 15,082 [1]
Operating Expenses      
Personnel 3,170 2,628 2,226 [1]
Marketing 988 922 869 [1]
Network and processing 686 620 538 [1]
Professional fees 446 409 389 [1]
Depreciation and amortization 613 556 502 [1]
General and administrative 1,145 1,060 796 [1]
Litigation provision (Note 17) 607 19 2 [1]
Visa Europe Framework Agreement loss 0 0 1,877 [1]
Total operating expenses 7,655 6,214 7,199 [1]
Operating income 12,954 12,144 7,883 [1]
Non-operating Income (Expense)      
Interest expense (612) (563) (427) [1]
Other 464 113 556 [1]
Total non-operating income (expense) (148) (450) 129 [1]
Income before income taxes 12,806 11,694 8,012 [1]
Income tax provision (Note 16) 2,505 4,995 2,021 [1]
Net income $ 10,301 $ 6,699 $ 5,991 [1]
Class A common stock      
Earnings Per Share [Abstract]      
Basic earnings per share (Note 12) (in dollars per share) $ 4.43 $ 2.80 $ 2.49 [2]
Basic weighted-average shares outstanding (Note 12) (in shares) 1,792 1,845 1,906
Diluted earnings per share (Note 12) (in dollars per share) [2] $ 4.42 $ 2.80 $ 2.48
Diluted weighted-average shares outstanding (Note 12) (in shares) [3] 2,329 2,395 2,414
Class B common stock      
Earnings Per Share [Abstract]      
Basic earnings per share (Note 12) (in dollars per share) $ 7.28 $ 4.62 $ 4.10 [2]
Basic weighted-average shares outstanding (Note 12) (in shares) 245 245 245
Diluted earnings per share (Note 12) (in dollars per share) [2] $ 7.27 $ 4.61 $ 4.09
Diluted weighted-average shares outstanding (Note 12) (in shares) 245 245 245
Class C common stock      
Earnings Per Share [Abstract]      
Basic earnings per share (Note 12) (in dollars per share) $ 17.72 $ 11.21 $ 9.94 [2]
Basic weighted-average shares outstanding (Note 12) (in shares) 12 14 19
Diluted earnings per share (Note 12) (in dollars per share) [2] $ 17.69 $ 11.19 $ 9.93
Diluted weighted-average shares outstanding (Note 12) (in shares) 12 14 19
[1] The Company did not include Visa Europe’s financial results in the Company’s consolidated statements of operations from the acquisition date, June 21, 2016, through June 30, 2016 as the impact was immaterial. The Company’s consolidated statement of operations for the year ended September 30, 2016 includes Visa Europe’s financial results for the three months ended September 30, 2016.
[2] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
[3] 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 3 million common stock equivalents for fiscal 2018, and 5 million common stock equivalents for fiscal 2017 and 2016, because their effect would have been dilutive. The computation excludes 1 million of common stock equivalents for fiscal 2018, and 2 million of common stock equivalents for fiscal 2017 and 2016, because their effect would have been anti-dilutive.