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Earnings Per Share (Tables) | 9 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table presents earnings per share for the three months ended June 30, 2024:
| Basic Earnings Per Share |  | Diluted Earnings Per Share
| Income Allocation (A) |  | Weighted- Average Shares Outstanding (B) |  | Earnings per Share = (A)/(B)(1) |  | Income Allocation (A) |  | Weighted- Average Shares Outstanding (B) |  | Earnings per Share = (A)/(B)(1)
| (in millions, except per share data)
Class A common stock | $ | 3,870 |  |  | 1,610 |  |  | $ | 2.40 |  |  | $ | 4,872 |  |  | 2,029 |  | (2) | $ | 2.40 |
Class B-1 common stock | 372 |  |  | 97 |  |  | $ | 3.82 |  |  | $ | 371 |  |  | 97 |  |  | $ | 3.81 |
Class B-2 common stock(3) | 283 |  |  | 74 |  |  | $ | 3.82 |  |  | $ | 282 |  |  | 74 |  |  | $ | 3.81 |
Class C common stock | 275 |  |  | 29 |  |  | $ | 9.62 |  |  | $ | 275 |  |  | 29 |  |  | $ | 9.60 |
Participating securities | 72 |  |  | Not presented |  | Not presented |  | $ | 72 |  |  | Not presented |  | Not presented
Net income | $ | 4,872 |  |  |  |  |  |  |  |  |  |  |
The following table presents earnings per share for the nine months ended June 30, 2024:
| Basic Earnings Per Share |  | Diluted Earnings Per Share
| Income Allocation (A) |  | Weighted- Average Shares Outstanding (B) |  | Earnings per Share = (A)/(B)(1) |  | Income Allocation (A) |  | Weighted- Average Shares Outstanding (B) |  | Earnings per Share = (A)/(B)(1)
| (in millions, except per share data)
Class A common stock | $ | 11,276 |  |  | 1,591 |  |  | $ | 7.09 |  |  | $ | 14,425 |  |  | 2,038 |  | (2) | $ | 7.08 |
Class B-1 common stock | 2,209 |  |  | 196 |  |  | $ | 11.25 |  |  | $ | 2,206 |  |  | 196 |  |  | $ | 11.24 |
Class B-2 common stock(3) | 277 |  |  | 25 |  |  | $ | 11.25 |  |  | $ | 276 |  |  | 25 |  |  | $ | 11.24 |
Class C common stock | 447 |  |  | 16 |  |  | $ | 28.35 |  |  | $ | 447 |  |  | 16 |  |  | $ | 28.31 |
Participating securities | 216 |  |  | Not presented |  | Not presented |  | $ | 216 |  |  | Not presented |  | Not presented
Net income | $ | 14,425 |  |  |  |  |  |  |  |  |  |  |
The following table presents earnings per share for the three months ended June 30, 2023:
| Basic Earnings Per Share |  | Diluted Earnings Per Share
| Income Allocation (A) |  | Weighted- Average Shares Outstanding (B) |  | Earnings per Share = (A)/(B)(1) |  | Income Allocation (A) |  | Weighted- Average Shares Outstanding (B) |  | Earnings per Share = (A)/(B)(1)
| (in millions, except per share data)
Class A common stock | $ | 3,228 |  |  | 1,614 |  |  | $ | 2.00 |  |  | $ | 4,156 |  |  | 2,080 |  | (2) | $ | 2.00 |
Class B-1 common stock | 785 |  |  | 245 |  |  | $ | 3.20 |  |  | $ | 784 |  |  | 245 |  |  | $ | 3.19 |
Class C common stock | 77 |  |  | 10 |  |  | $ | 8.00 |  |  | $ | 76 |  |  | 10 |  |  | $ | 7.99 |
Participating securities | 66 |  |  | Not presented |  | Not presented |  | $ | 66 |  |  | Not presented |  | Not presented
Net income | $ | 4,156 |  |  |  |  |  |  |  |  |  |  |
The following table presents earnings per share for the nine months ended June 30, 2023:
| Basic Earnings Per Share |  | Diluted Earnings Per Share
| Income Allocation (A) |  | Weighted- Average Shares Outstanding (B) |  | Earnings per Share = (A)/(B)(1) |  | Income Allocation (A) |  | Weighted- Average Shares Outstanding (B) |  | Earnings per Share = (A)/(B)(1)
| (in millions, except per share data)
Class A common stock | $ | 9,778 |  |  | 1,623 |  |  | $ | 6.03 |  |  | $ | 12,592 |  |  | 2,092 |  | (2) | $ | 6.02 |
Class B-1 common stock | 2,369 |  |  | 245 |  |  | $ | 9.65 |  |  | $ | 2,366 |  |  | 245 |  |  | $ | 9.64 |
Class C common stock | 233 |  |  | 10 |  |  | $ | 24.10 |  |  | $ | 233 |  |  | 10 |  |  | $ | 24.08 |
Participating securities | 212 |  |  | Not presented |  | Not presented |  | $ | 211 |  |  | Not presented |  | Not presented
Net income | $ | 12,592 |  |  |  |  |  |  |  |  |  |  |
(1)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers. (2)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 common stock equivalents are not material for the three and nine months ended June 30, 2024 and 2023. (3)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. 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 used in the income allocation:
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in millions)
Class B-1 common stock | 155 |  |  | 393 |  |  | 312 |  |  | 393 |
Class B-2 common stock(1) | 118 |  |  | — |  |  | 39 |  |  | — |
Class C common stock | 114 |  |  | 38 |  |  | 63 |  |  | 39 |
Participating securities: |  |  |  |  |  |  |
Series A preferred stock | 6 |  |  | 8 |  |  | 6 |  |  | 10 |
Series B preferred stock | 7 |  |  | 7 |  |  | 7 |  |  | 7 |
Series C preferred stock | 11 |  |  | 11 |  |  | 11 |  |  | 11 |
(1) No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See Note 9—Stockholders’ Equity for further details.

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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/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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