v3.22.2
Earnings Per Share (Tables)
 9 Months Ended
Jun. 30, 2022
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, 2022:
 Basic Earnings Per ShareDiluted 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$2,634 1,642 $1.60 $3,411 2,129 
(3)
$1.60 
Class B common stock637 245 $2.59 $636 245 $2.59 
Class C common stock64 10 $6.42 $64 10 $6.41 
Participating securities76 Not presentedNot presented$76 Not presentedNot presented
Net income$3,411 
The following table presents earnings per share for the nine months ended June 30, 2022:
 Basic Earnings Per ShareDiluted 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$8,518 1,655 $5.15 $11,017 2,143 
(3)
$5.14 
Class B common stock2,046 245 $8.33 $2,044 245 $8.33 
Class C common stock207 10 $20.58 $207 10 $20.56 
Participating securities246 Not presentedNot presented$246 Not presentedNot presented
Net income$11,017 
The following table presents earnings per share for the three months ended June 30, 2021:
 Basic Earnings Per ShareDiluted 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$1,996 1,691 $1.18 $2,575 2,184 
(3)
$1.18 
Class B common stock470 245 $1.92 $470 245 $1.91 
Class C common stock49 10 $4.72 $49 10 $4.72 
Participating securities60 Not presentedNot presented$60 Not presentedNot presented
Net income$2,575 
The following table presents earnings per share for the nine months ended June 30, 2021:
 Basic Earnings Per ShareDiluted 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$6,748 1,693 $3.99 $8,727 2,192 
(3)
$3.98 
Class B common stock1,588 245 $6.47 $1,586 245 $6.46 
Class C common stock169 11 $15.94 $169 11 $15.92 
Participating securities222 Not presentedNot presented$221 Not presentedNot presented
Net income$8,727 
(1)The weighted-average number of shares of as-converted class B common stock used in the income allocation was 397 million for the three months ended June 30, 2022 and 398 million for nine months ended June 30, 2022 and three and nine months ended June 30, 2021. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 40 million for the three and nine months ended June 30, 2022 and 42 million for the three and nine months ended June 30, 2021. The weighted-average number of shares of preferred stock included within participating securities was 6 million of as-converted series A preferred stock for the three and nine months ended June 30, 2022 and 9 million and 14 million of as-converted series A preferred stock for the three and nine months ended June 30, 2021, respectively, 15 million of as-converted series B preferred stock for the three months ended June 30, 2022 and 16 million of as-converted series B preferred stock for the nine months ended June 30, 2022 and three and nine months ended June 30, 2021 and 22 million of as-converted series C preferred stock for the three and nine months ended June 30, 2022 and 2021.
(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share is calculated based on unrounded numbers.
(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 common stock equivalents are not material for the three and nine months ended June 30, 2022 and 2021.