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Revenues (Tables)
 6 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Impact of Adoption of New Revenue Standard
The following tables summarize the impact of the new revenue standard on the Company’s consolidated statement of operations for the three and six months ended March 31, 2019 and the consolidated balance sheet as of March 31, 2019:
 
For the Three Months Ended
March 31, 2019
 
For the Six Months Ended
March 31, 2019
 
As Reported
 
Impact of the New Revenue Standard
 
Results Under Prior Revenue Standard
 
As Reported
 
Impact of the New Revenue Standard
 
Results Under Prior Revenue Standard
 
(in millions)
Net revenues
$
5,494

 
$
(39
)
 
$
5,455

 
$
11,000

 
$
(91
)
 
$
10,909

 
 
 
 
 
 
 
 
 
 
 
 
Operating Expenses 
 
 
 
 
 
 
 
 
 
 
 
Marketing
241

 
(39
)
 
202

 
517

 
(69
)
 
448

Professional fees
101

 
(3
)
 
98

 
192

 
(6
)
 
186

General and administrative
264

 
(7
)
 
257

 
540

 
(10
)
 
530

Total operating expenses
1,853

 
(49
)
 
1,804

 
3,642

 
(85
)
 
3,557

Operating income
3,641

 
10

 
3,651

 
7,358

 
(6
)
 
7,352

 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
3,677

 
10

 
3,687

 
7,307

 
(6
)
 
7,301

Income tax provision
700

 
2

 
702

 
1,353

 
1

 
1,354

Net income
2,977

 
8

 
2,985

 
5,954

 
(7
)
 
5,947

 
March 31, 2019
 
As Reported
 
Impact of the New Revenue Standard
 
Results Under Prior Revenue Standard
 
(in millions)
Assets
 
 
 
 
 
Current portion of client incentives
$
589

 
$
(262
)
 
$
327

Client incentives
1,664

 
(725
)
 
939

Liabilities
 
 
 
 
 
Accounts payable
119

 
13

 
132

Client incentives
3,484

 
(401
)
 
3,083

Accrued liabilities
1,207

 
(8
)
 
1,199

Deferred tax liabilities
4,911

 
(105
)
 
4,806

Other liabilities
2,669

 
(79
)
 
2,590

Equity
 
 
 
 
 
Accumulated income
12,513

 
(407
)
 
12,106
Disaggregation of Revenue
Disaggregation of Revenues
The nature, amount, timing and uncertainty of the Company’s revenues and cash flows and how they are affected by economic factors are most appropriately depicted through the Company’s revenue categories and geographical markets. The following tables disaggregate the Company’s net revenues by revenue category and by geography for the three and six months ended March 31, 2019 and 2018:
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Service revenues
$
2,417

 
$
2,253

 
$
4,759

 
$
4,399

Data processing revenues
2,432

 
2,127

 
4,902

 
4,274

International transaction revenues
1,796

 
1,752

 
3,647

 
3,418

Other revenues
327

 
230

 
626

 
459

Client incentives
(1,478
)
 
(1,289
)
 
(2,934
)
 
(2,615
)
Net revenues
$
5,494

 
$
5,073

 
$
11,000

 
$
9,935

 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
 
2019
 
2018
 
2019
 
2018
 
(in millions)
U.S.
$
2,479

 
$
2,297

 
$
4,987

 
$
4,562

International
3,015

 
2,776

 
6,013

 
5,373

Net revenues
$
5,494

 
$
5,073

 
$
11,000

 
$
9,935