| Schedule of Earnings Per Share, Basic and Diluted |
The following table presents earnings per share for the three months ended June 30, 2013.(1) | | | | | | | | | | | | | | | | | | | | | | | | | Basic Earnings Per Share | | | Diluted Earnings Per Share | | (in millions, except per share data) | | Income Allocation (A)(2) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B) | | | Income Allocation (A)(2) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B) | Class A common stock | $ | 973 |
| | 515 |
| | $ | 1.89 |
| | | $ | 1,225 |
| | 651 |
| (3) | $ | 1.88 |
| Class B common stock | 194 |
| | 245 |
| | 0.79 |
| | | 194 |
| | 245 |
| | 0.79 |
| Class C common stock | 53 |
| | 28 |
| | 1.89 |
| | | 53 |
| | 28 |
| | 1.88 |
| Participating securities(4) | 5 |
| | Not presented |
| | Not presented |
| | | 5 |
| | Not presented |
| | Not presented |
| Net income attributable to Visa Inc. | $ | 1,225 |
| | | | | | | | | | | |
The following table presents earnings per share for the nine months ended June 30, 2013.(1) | | | | | | | | | | | | | | | | | | | | | | | | | Basic Earnings Per Share | | | Diluted Earnings Per Share | | (in millions, except per share data) | | Income Allocation (A)(2) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B) | | | Income Allocation (A)(2) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B) | Class A common stock | $ | 3,014 |
| | 524 |
| | $ | 5.76 |
| | | $ | 3,788 |
| | 660 |
| (3) | $ | 5.74 |
| Class B common stock | 594 |
| | 245 |
| | 2.42 |
| | | 592 |
| | 245 |
| | 2.41 |
| Class C common stock | 166 |
| | 29 |
| | 5.76 |
| | | 165 |
| | 29 |
| | 5.74 |
| Participating securities(4) | 14 |
| | Not presented |
| | Not presented |
| | | 14 |
| | Not presented |
| | Not presented |
| Net income attributable to Visa Inc. | $ | 3,788 |
| | | | | | | | | | | |
The following table presents loss per share for the three months ended June 30, 2012.(1) | | | | | | | | | | | | | | | | | | | | | | | | | Basic Earnings (Loss) Per Share | | | Diluted Earnings (Loss) Per Share | | (in millions, except per share data) | | Loss Allocation (A)(2) | | Weighted- Average Shares Outstanding (B) | | Earnings (Loss) per Share = (A)/(B) | | | Loss Allocation (A)(2) | | Weighted- Average Shares Outstanding (B) | | Earnings (Loss) per Share = (A)/(B) | Class A common stock | $ | (1,437 | ) | | 525 |
| | $ | (2.74 | ) | | | $ | (1,839 | ) | | 672 |
| (3) | $ | (2.74 | ) | Class B common stock | (286 | ) |
| 245 |
| | (1.16 | ) | | | (286 | ) |
| 245 |
| | (1.16 | ) | Class C common stock | (109 | ) | | 40 |
| | (2.74 | ) | | | (109 | ) | | 40 |
| | (2.74 | ) | Participating securities(4) | (7 | ) | | Not presented |
| | Not presented |
| | | (7 | ) | | Not presented |
| | Not presented |
| Net loss attributable to Visa Inc. | $ | (1,839 | ) | | | | | | | | | | | |
The following table presents earnings per share for the nine months ended June 30, 2012. (1) | | | | | | | | | | | | | | | | | | | | | | | | | Basic Earnings Per Share | | | Diluted Earnings Per Share | | (in millions, except per share data) | | Income Allocation (A)(2) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B) | | | Income Allocation (A)(2) | | Weighted- Average Shares Outstanding (B) | | Earnings per Share = (A)/(B) | Class A common stock | $ | 372 |
| | 523 |
| | $ | 0.71 |
| | | $ | 482 |
| | 681 |
| (3) | $ | 0.71 |
| Class B common stock | 78 |
| | 245 |
| | 0.32 |
| | | 78 |
| | 245 |
| | 0.32 |
| Class C common stock | 30 |
| | 43 |
| | 0.71 |
| | | 30 |
| | 43 |
| | 0.71 |
| Participating securities(4) | 2 |
| | Not presented |
| | Not presented |
| | | 2 |
| | Not presented |
| | Not presented |
| Net income attributable to Visa Inc. | $ | 482 |
| | | | | | | | | | | |
| | (1) | Figures in the table may not recalculate exactly due to rounding. Earnings (loss) per share is calculated based on whole numbers, not the rounded numbers presented. |
| | (2) | Net income (loss) attributable to Visa Inc. is allocated based on proportional ownership on an as-converted basis. The weighted-average numbers of shares of as-converted class B common stock used in the income (loss) allocation were 103 million for the three and nine months ended June 30, 2013, and 104 million and 110 million for the three and nine months ended June 30, 2012, respectively. |
| | (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 computation includes 2 million common stock equivalents for the three and nine months ended June 30, 2013, and 3 million for the nine months ended June 30, 2012, because their effect would have been dilutive. The computation excludes less than 1 million common stock equivalents for the three and nine months ended June 30, 2013 and the nine months ended June 30, 2012, because their effect would have been anti-dilutive. The computation also excludes 7 million outstanding stock awards for the three months ended June 30, 2012, because their effect would have been anti-dilutive as the Company had a net loss. |
| | (4) | Participating securities are unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, such as the Company's restricted stock awards, restricted stock units and earned performance-based shares. |
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