Earnings Per Share (Tables)

3 Months Ended

Dec. 31, 2024

Schedule of Earnings Per Share, Basic and Diluted

The following tables present earnings per share:


	Three Months Ended December 31, 2024
	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)			Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	4,466	1,729	$	2.58	$	5,119	(3)	1,985	(3)	$	2.58
Class B-1 common stock	20		5	$	4.04	$	20		5		$	4.04
Class B-2 common stock(4)	480		120	$	3.99	$	479		120		$	3.98
Class C common stock	98		10	$	10.33	$	98		10		$	10.32
Participating securities	55		Not presented	Not presented		$	55		Not presented		Not presented
Net income	$	5,119


	Three Months Ended December 31, 2023
	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)			Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	3,792	1,584	$	2.39	$	4,890	(3)	2,045	(3)	$	2.39
Class B-1 common stock	933		245	$	3.80	$	932		245		$	3.80
Class C common stock	91		9	$	9.58	$	91		9		$	9.57
Participating securities	74		Not presented	Not presented		$	74		Not presented		Not presented
Net income	$	4,890

(1)Income allocation is based on the weighted-average number of as-converted class A common stock outstanding as shown in the table below.

(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers.

(3)Diluted class A common stock earnings per share calculation includes the assumed conversion of any class B-1, B-2 and C common stock and participating securities on an as-converted basis as shown in the table below and the incremental common stock equivalents related to employee stock plans, as calculated under the treasury stock method. The common stock equivalents were not material for the three months ended December 31, 2024 and 2023.

(4)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.

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:


	Three Months Ended December 31,
		2024	2023
		(in millions)
Class B-1 common stock		8	390
Class B-2 common stock(1)		186	—
Class C common stock		38	38
Participating securities		21	31

(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.