Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 2022

Schedule of Earnings Per Share, Basic and Diluted

The following table presents earnings per share for the three months ended June 30, 2022:


	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	2,634	1,642	$	1.60	$	3,411	2,129	(3)	$	1.60
Class B common stock	637		245	$	2.59	$	636	245		$	2.59
Class C common stock	64		10	$	6.42	$	64	10		$	6.41
Participating securities	76		Not presented	Not presented		$	76	Not presented		Not presented
Net income	$	3,411

The following table presents earnings per share for the nine months ended June 30, 2022:


	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	8,518	1,655	$	5.15	$	11,017	2,143	(3)	$	5.14
Class B common stock	2,046		245	$	8.33	$	2,044	245		$	8.33
Class C common stock	207		10	$	20.58	$	207	10		$	20.56
Participating securities	246		Not presented	Not presented		$	246	Not presented		Not presented
Net income	$	11,017

The following table presents earnings per share for the three months ended June 30, 2021:


	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	1,996	1,691	$	1.18	$	2,575	2,184	(3)	$	1.18
Class B common stock	470		245	$	1.92	$	470	245		$	1.91
Class C common stock	49		10	$	4.72	$	49	10		$	4.72
Participating securities	60		Not presented	Not presented		$	60	Not presented		Not presented
Net income	$	2,575

The following table presents earnings per share for the nine months ended June 30, 2021:


	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	6,748	1,693	$	3.99	$	8,727	2,192	(3)	$	3.98
Class B common stock	1,588		245	$	6.47	$	1,586	245		$	6.46
Class C common stock	169		11	$	15.94	$	169	11		$	15.92
Participating securities	222		Not presented	Not presented		$	221	Not presented		Not presented
Net income	$	8,727

(1)The weighted-average number of shares of as-converted class B common stock used in the income allocation was 397 million for the three months ended June 30, 2022 and 398 million for nine months ended June 30, 2022 and three and nine months ended June 30, 2021. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 40 million for the three and nine months ended June 30, 2022 and 42 million for the three and nine months ended June 30, 2021. The weighted-average number of shares of preferred stock included within participating securities was 6 million of as-converted series A preferred stock for the three and nine months ended June 30, 2022 and 9 million and 14 million of as-converted series A preferred stock for the three and nine months ended June 30, 2021, respectively, 15 million of as-converted series B preferred stock for the three months ended June 30, 2022 and 16 million of as-converted series B preferred stock for the nine months ended June 30, 2022 and three and nine months ended June 30, 2021 and 22 million of as-converted series C preferred stock for the three and nine months ended June 30, 2022 and 2021.

(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted 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 common stock equivalents are not material for the three and nine months ended June 30, 2022 and 2021.