Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2024

Schedule of Earnings Per Share, Basic and Diluted

The following table presents earnings per share for the three months ended March 31, 2024:


	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	$	3,616	1,579	$	2.29	$	4,663	2,039	(3)	$	2.29
Class B-1 common stock	892		245	$	3.63	$	891	245		$	3.63
Class C common stock	85		9	$	9.16	$	85	9		$	9.15
Participating securities	70		Not presented	Not presented		$	70	Not presented		Not presented
Net income	$	4,663

The following table presents earnings per share for the six months ended March 31, 2024:


	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	$	7,408	1,582	$	4.68	$	9,553	2,042	(3)	$	4.68
Class B-1 common stock	1,825		245	$	7.44	$	1,823	245		$	7.43
Class C common stock	176		9	$	18.73	$	176	9		$	18.71
Participating securities	144		Not presented	Not presented		$	144	Not presented		Not presented
Net income	$	9,553

The following table presents earnings per share for the three months ended March 31, 2023:


	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	$	3,307	1,624	$	2.04	$	4,257	2,093	(3)	$	2.03
Class B-1 common stock	800		245	$	3.26	$	799	245		$	3.25
Class C common stock	79		10	$	8.15	$	79	10		$	8.14
Participating securities	71		Not presented	Not presented		$	71	Not presented		Not presented
Net income	$	4,257

The following table presents earnings per share for the six months ended March 31, 2023:


	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	$	6,549	1,627	$	4.03	$	8,436	2,098	(3)	$	4.02
Class B-1 common stock	1,584		245	$	6.45	$	1,582	245		$	6.44
Class C common stock	157		10	$	16.10	$	156	10		$	16.09
Participating securities	146		Not presented	Not presented		$	146	Not presented		Not presented
Net income	$	8,436

(1)The weighted-average number of shares of as-converted class B-1 common stock used in the income allocation was 390 million for the three and six months ended March 31, 2024 and 393 million for the three and six months ended March 31, 2023. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 37 million and 38 million for the three and six months ended March 31, 2024, respectively, and 39 million for the three and six months ended March 31, 2023. 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 six months ended March 31, 2024 and 10 million and 11 million of as-converted series A preferred stock for the three and six months ended March 31, 2023, respectively, 7 million of as-converted series B preferred stock for the three and six months ended March 31, 2024 and 2023, and 11 million of as-converted series C preferred stock for the three and six months ended March 31, 2024 and 2023.

(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are 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 six months ended March 31, 2024 and 2023.