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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenue $ 8,900 $ 8,123 $ 26,309 $ 24,044
Operating Expenses        
Personnel 1,573 1,481 4,655 4,333
Marketing 378 297 1,009 938
Network and processing 200 182 570 539
Professional fees 152 133 443 372
Depreciation and amortization 264 235 760 696
General and administrative 382 314 1,174 918
Litigation provision 13 457 452 798
Total operating expenses 2,962 3,099 9,063 8,594
Operating income 5,938 5,024 17,246 15,450
Non-operating Income (Expense)        
Interest expense (196) (182) (465) (461)
Investment income (expense) and other 247 304 763 412
Total non-operating income (expense) 51 122 298 (49)
Income before income taxes 5,989 5,146 17,544 15,401
Income tax provision 1,117 990 3,119 2,809
Net income $ 4,872 $ 4,156 $ 14,425 $ 12,592
Class A common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 2.40 $ 2.00 $ 7.09 $ 6.03
Basic Weighted-average Shares Outstanding (in shares) 1,610 1,614 1,591 1,623
Diluted Earnings Per Share (in dollars per share) $ 2.40 $ 2.00 $ 7.08 $ 6.02
Diluted Weighted-average Shares Outstanding (in shares) 2,029 2,080 2,038 2,092
Class B-1 common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 3.82 $ 3.20 $ 11.25 $ 9.65
Basic Weighted-average Shares Outstanding (in shares) 97 245 196 245
Diluted Earnings Per Share (in dollars per share) $ 3.81 $ 3.19 $ 11.24 $ 9.64
Diluted Weighted-average Shares Outstanding (in shares) 97 245 196 245
Class B-2 common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) [1] $ 3.82 $ 0 $ 11.25 $ 0
Basic Weighted-average Shares Outstanding (in shares) [1] 74 0 25 0
Diluted Earnings Per Share (in dollars per share) [1] $ 3.81 $ 0 $ 11.24 $ 0
Diluted Weighted-average Shares Outstanding (in shares) [1] 74 0 25 0
Class C common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 9.62 $ 8.00 $ 28.35 $ 24.10
Basic Weighted-average Shares Outstanding (in shares) 29 10 16 10
Diluted Earnings Per Share (in dollars per share) $ 9.60 $ 7.99 $ 28.31 $ 24.08
Diluted Weighted-average Shares Outstanding (in shares) 29 10 16 10
[1] No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See Note 9—Stockholders’ Equity for further details.