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Earnings Per Share (Tables) | 12 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share | The following table presents earnings per share for fiscal 2016.(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 | $ | 4,738 |  |  | 1,906 |  |  | $ | 2.49 |  |  |  | $ | 5,991 |  |  | 2,414 |  | (3) | $ | 2.48 |
Class B common stock | 1,006 |  |  | 245 |  |  | $ | 4.10 |  |  |  | $ | 1,004 |  |  | 245 |  |  | $ | 4.09 |
Class C common stock | 185 |  |  | 19 |  |  | $ | 9.94 |  |  |  | $ | 185 |  |  | 19 |  |  | $ | 9.93 |
Participating securities(4) | 62 |  |  | Not presented |  |  | Not presented |  |  |  | $ | 61 |  |  | Not presented |  |  | Not presented |
Net income | $ | 5,991 |  |  |  |  |  |  |  |  |  |  |  |
The following table presents earnings per share for fiscal 2015.(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 | $ | 5,044 |  |  | 1,954 |  |  | $ | 2.58 |  |  |  | $ | 6,328 |  |  | 2,457 |  | (3) | $ | 2.58 |
Class B common stock | 1,045 |  |  | 245 |  |  | $ | 4.26 |  |  |  | $ | 1,042 |  |  | 245 |  |  | $ | 4.25 |
Class C common stock | 224 |  |  | 22 |  |  | $ | 10.33 |  |  |  | $ | 223 |  |  | 22 |  |  | $ | 10.30 |
Participating securities(4) | 15 |  |  | Not presented |  |  | Not presented |  |  |  | $ | 15 |  |  | Not presented |  |  | Not presented |
Net income | $ | 6,328 |  |  |  |  |  |  |  |  |  |  |  |
The following table presents earnings per share for fiscal 2014.(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 | $ | 4,307 |  |  | 1,993 |  |  | $ | 2.16 |  |  |  | $ | 5,438 |  |  | 2,523 |  | (3) | $ | 2.16 |
Class B common stock | 892 |  |  | 245 |  |  | $ | 3.63 |  |  |  | $ | 890 |  |  | 245 |  |  | $ | 3.62 |
Class C common stock | 222 |  |  | 26 |  |  | $ | 8.65 |  |  |  | $ | 221 |  |  | 26 |  |  | $ | 8.62 |
Participating securities(4) | 17 |  |  | Not presented |  |  | Not presented |  |  |  | $ | 16 |  |  | Not presented |  |  | Not presented |
Net income | $ | 5,438 |  |  |  |  |  |  |  |  |  |  |  |
(1) | Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers. The number of shares and per share amounts for the prior periods presented have been retroactively adjusted to reflect the four-for-one stock split effected in the fiscal second quarter of 2015. See Note 14—Stockholders' Equity.
(2) | Net income attributable to Visa Inc. is allocated based on proportional ownership on an as-converted basis. The weighted-average number of shares of as-converted class B common stock used in the income allocation were 405 million for fiscal 2016 and 2015 and 413 million for fiscal 2014. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 75 million, 87 million and 103 million for fiscal 2016, 2015 and 2014, 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 5 million, 6 million and 7 million common stock equivalents for fiscal 2016, 2015 and 2014, respectively, because their effect would have been dilutive. The computation excludes 2 million of common stock equivalents for fiscal 2016, 2015 and 2014 because their effect would have been anti-dilutive.
(4) | Participating securities include preferred stock outstanding and unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, such as the Company's U.K.&I and Europe preferred stock, restricted stock awards, restricted stock units and earned performance-based shares. U.K.&I and Europe preferred stock were issued as part of the purchase price consideration in connection with the Visa Europe acquisition and are convertible into a number of shares of class A common stock or class A equivalent preferred stock upon certain conditions. Participating securities' income is allocated based on the weighted-average number of shares of as-converted stock. See Note 2—Acquisition of Visa Europe and Note 14—Stockholders' Equity.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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