Earnings Per Share

3 Months Ended

Dec. 31, 2025

Note 11—Earnings Per Share

The following tables present earnings per share:


	Three Months Ended December 31, 2025
	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	$	5,117	1,687	$	3.03	$	5,853	(3)	1,933	(3)	$	3.03
Class B-1 common stock	23		5	$	4.71	$	23		5		$	4.71
Class B-2 common stock	555		120	$	4.61	$	554		120		$	4.61
Class C common stock	108		9	$	12.13	$	108		9		$	12.11
Participating securities	50		Not presented	Not presented		$	50		Not presented		Not presented
Net income	$	5,853


	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	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

(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. For the three months ended December 31, 2025 and 2024, the common stock equivalents were not material for each period.

The following table presents the weighted-average number of as-converted class A common stock outstanding:


	Three Months Ended December 31,
		2025	2024
		(in millions)
Class B-1 common stock		8	8
Class B-2 common stock		183	186
Class C common stock		36	38
Participating securities		17	21