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⁽⁴⁾	1,045		245	$	4.26	$	1,042	245		$	4.25
Class C common stock⁽⁴⁾	224		22	$	10.33	$	223	22		$	10.30
Participating securities⁽⁵⁾	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⁽⁴⁾	892		245	$	3.63	$	890	245		$	3.62
Class C common stock⁽⁴⁾	222		26	$	8.65	$	221	26		$	8.62
Participating securities⁽⁵⁾	17		Not presented	Not presented		$	16	Not presented		Not presented
Net income	$	5,438

The following table presents earnings per share for fiscal 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	$	3,959	2,080	$	1.90	$	4,980	2,624	⁽³⁾	$	1.90
Class B common stock⁽⁴⁾	786		245	$	3.20	$	784	245		$	3.19
Class C common stock⁽⁴⁾	216		28	$	7.61	$	215	28		$	7.59
Participating securities⁽⁵⁾	19		Not presented	Not presented		$	19	Not presented		Not presented
Net income	$	4,980


⁽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 numbers of shares of as-converted class B common stock used in the income allocation were 405 million for fiscal 2015 and 413 million for fiscal 2014 and 2013. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 87 million, 103 million and 113 million for fiscal 2015, 2014 and 2013, 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 6 million, 7 million and 8 million common stock equivalents for fiscal 2015, 2014 and 2013, respectively, because their effect would have been dilutive. The computation excludes 2 million of common stock equivalents for fiscal 2015, 2014 and 2013 because their effect would have been anti-dilutive.

⁽⁴⁾

The outstanding number of shares of class B and C common stock were not impacted by the stock split as these stockholders received an adjustment to their respective conversion ratios instead of stock dividends. See Note 14—Stockholders' Equity. Weighted-average basic and diluted shares outstanding for class B and C common stock are calculated based on the common shares outstanding of each respective class rather than on an as-converted basis.


⁽⁵⁾	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.