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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Net revenue $ 40,000 $ 35,926 $ 32,653
Operating Expenses      
Personnel 6,961 6,264 5,831
Marketing 1,684 1,560 1,341
Network and processing 894 778 736
Professional fees 759 635 545
Depreciation and amortization 1,220 1,034 943
General and administrative 1,926 1,598 1,330
Litigation provision 2,562 462 927
Total operating expenses 16,006 12,331 11,653
Operating income 23,994 23,595 21,000
Non-operating Income (Expense)      
Interest expense (589) (641) (644)
Investment income (expense) and other 789 962 681
Total non-operating income (expense) 200 321 37
Income before income taxes 24,194 23,916 21,037
Income tax provision 4,136 4,173 3,764
Net income $ 20,058 $ 19,743 $ 17,273
Class A common stock      
Earnings Per Share      
Basic earnings per share (in dollars per share) $ 10.22 $ 9.74 $ 8.29
Basic weighted-average shares outstanding (in shares) 1,714 1,621 1,618
Diluted earnings per share (in dollars per share) $ 10.20 $ 9.73 $ 8.28
Diluted weighted-average shares outstanding (in shares) 1,966 2,029 2,085
Class B-1 common stock      
Earnings Per Share      
Basic earnings per share (in dollars per share) $ 15.97 $ 15.46 $ 13.26
Basic weighted-average shares outstanding (in shares) 5 148 245
Diluted earnings per share (in dollars per share) $ 15.95 $ 15.45 $ 13.24
Diluted weighted-average shares outstanding (in shares) 5 148 245
Class B-2 common stock      
Earnings Per Share      
Basic earnings per share (in dollars per share) [1] $ 15.72 $ 15.45 $ 0
Basic weighted-average shares outstanding (in shares) [1] 120 49 0
Diluted earnings per share (in dollars per share) [1] $ 15.70 $ 15.43 $ 0
Diluted weighted-average shares outstanding (in shares) [1] 120 49 0
Class C common stock      
Earnings Per Share      
Basic earnings per share (in dollars per share) $ 40.87 $ 38.97 $ 33.17
Basic weighted-average shares outstanding (in shares) 9 16 10
Diluted earnings per share (in dollars per share) $ 40.82 $ 38.92 $ 33.13
Diluted weighted-average shares outstanding (in shares) 9 16 10
[1]
(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 15—Stockholders’ Equity for further details.