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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Net revenue $ 9,594 $ 8,775 $ 19,104 $ 17,409
Operating Expenses        
Personnel 1,657 1,603 3,470 3,082
Marketing 381 338 687 631
Network and processing 224 189 431 370
Professional fees 173 160 316 291
Depreciation and amortization 305 249 587 496
General and administrative 419 452 900 792
Litigation provision 1,000 430 1,044 439
Total operating expenses 4,159 3,421 7,435 6,101
Operating income 5,435 5,354 11,669 11,308
Non-operating Income (Expense)        
Interest expense (158) (82) (340) (269)
Investment income (expense) and other 161 241 309 516
Total non-operating income (expense) 3 159 (31) 247
Income before income taxes 5,438 5,513 11,638 11,555
Income tax provision 861 850 1,942 2,002
Net income $ 4,577 $ 4,663 $ 9,696 $ 9,553
Class A common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 2.32 $ 2.29 $ 4.90 $ 4.68
Basic Weighted-average Shares Outstanding (in shares) 1,721 1,579 1,725 1,582
Diluted Earnings Per Share (in dollars per share) $ 2.32 $ 2.29 $ 4.90 $ 4.68
Diluted Weighted-average Shares Outstanding (in shares) 1,974 2,039 1,979 2,042
Class B-1 common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 3.63 $ 3.63 $ 7.68 $ 7.44
Basic Weighted-average Shares Outstanding (in shares) 5 245 5 245
Diluted Earnings Per Share (in dollars per share) $ 3.63 $ 3.63 $ 7.67 $ 7.43
Diluted Weighted-average Shares Outstanding (in shares) 5 245 5 245
Class B-2 common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) [1] $ 3.58 $ 0 $ 7.57 $ 0
Basic Weighted-average Shares Outstanding (in shares) [1] 120 0 120 0
Diluted Earnings Per Share (in dollars per share) [1] $ 3.58 $ 0 $ 7.56 $ 0
Diluted Weighted-average Shares Outstanding (in shares) [1] 120 0 120 0
Class C common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 9.29 $ 9.16 $ 19.62 $ 18.73
Basic Weighted-average Shares Outstanding (in shares) 9 9 9 9
Diluted Earnings Per Share (in dollars per share) $ 9.27 $ 9.15 $ 19.59 $ 18.71
Diluted Weighted-average Shares Outstanding (in shares) 9 9 9 9
[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.