Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2025

Schedule of Earnings Per Share, Basic and Diluted

The following tables present earnings per share:


	Three Months Ended March 31, 2025
	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	$	3,996	1,721	$	2.32	$	4,577	(3)	1,974	(3)	$	2.32
Class B-1 common stock	18		5	$	3.63	$	18		5		$	3.63
Class B-2 common stock(4)	431		120	$	3.58	$	430		120		$	3.58
Class C common stock	85		9	$	9.29	$	85		9		$	9.27
Participating securities	47		Not presented	Not presented		$	47		Not presented		Not presented
Net income	$	4,577


	Six Months Ended March 31, 2025
	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	$	8,463	1,725	$	4.90	$	9,696	(3)	1,979	(3)	$	4.90
Class B-1 common stock	37		5	$	7.68	$	37		5		$	7.67
Class B-2 common stock(4)	911		120	$	7.57	$	909		120		$	7.56
Class C common stock	183		9	$	19.62	$	183		9		$	19.59
Participating securities	102		Not presented	Not presented		$	102		Not presented		Not presented
Net income	$	9,696


	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	(3)	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


	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	(3)	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

(1)Income allocation is based on the weighted-average number of as-converted class A common stock outstanding as shown in the table below.

(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)Diluted class A common stock earnings per share calculation includes the assumed conversion of any class B-1, B-2 and C common stock and participating securities on an as-converted basis as shown in the table below and the incremental common stock equivalents related to employee stock plans, as calculated under the treasury stock method. The common stock equivalents were not material for the three and six months ended March 31, 2025 and 2024.

(4)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer in May 2024. See Note 9—Stockholders’ Equity for further details.

Schedule of Weighted Average Number of Shares as Converted

The following table presents the weighted-average number of as-converted class A common stock outstanding:


	Three Months Ended March 31,		Six Months Ended March 31,
	2025	2024	2025	2024
	(in millions)
Class B-1 common stock	8	390	8	390
Class B-2 common stock(1)	186	—	186	—
Class C common stock	37	37	37	38
Participating securities	20	31	21	31

(1) No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer in May 2024. See Note 9—Stockholders’ Equity for further details.