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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Revenues        
Net revenues $ 5,854 $ 5,494 $ 11,908 $ 11,000
Operating Expenses        
Personnel 940 894 1,922 1,701
Marketing 235 241 509 517
Network and processing 183 171 364 344
Professional fees 103 101 209 192
Depreciation and amortization 192 160 374 319
General and administrative 269 264 582 540
Litigation provision (Note 14) 8 22 8 29
Total operating expenses 1,930 1,853 3,968 3,642
Operating income 3,924 3,641 7,940 7,358
Non-operating Income (Expense)        
Interest expense, net (118) (140) (229) (285)
Investment income and other 23 176 92 234
Total non-operating income (expense) (95) 36 (137) (51)
Income before income taxes 3,829 3,677 7,803 7,307
Income tax provision (Note 13) 745 700 1,447 1,353
Net income $ 3,084 $ 2,977 $ 6,356 $ 5,954
Class A common stock        
Earnings Per Share        
Basic earnings per share (in dollars per share) $ 1.39 $ 1.31 $ 2.85 $ 2.61
Basic weighted-average shares outstanding (in shares) 1,703 1,748 1,708 1,754
Diluted earnings per share (in dollars per share) $ 1.38 $ 1.31 $ 2.85 $ 2.61
Diluted weighted-average shares outstanding (in shares) 2,228 2,279 2,234 2,285
Class B common stock        
Earnings Per Share        
Basic earnings per share (in dollars per share) $ 2.25 $ 2.13 $ 4.62 $ 4.25
Basic weighted-average shares outstanding (in shares) 245 245 245 245
Diluted earnings per share (in dollars per share) $ 2.25 $ 2.13 $ 4.62 $ 4.25
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) $ 5.54 $ 5.23 $ 11.40 $ 10.44
Basic weighted-average shares outstanding (in shares) 11 12 11 12
Diluted earnings per share (in dollars per share) $ 5.54 $ 5.23 $ 11.38 $ 10.42
Diluted weighted-average shares outstanding (in shares) 11 12 11 12