| Schedule of Earnings Per Share, Basic and Diluted |
The following tables present earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
March 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 | $ | 3,996 | | | 1,721 | | | $ | 2.32 | | | $ | 4,577 | | (3) | 1,974 | | (3) | $ | 2.32 | | | Class B-1 common stock | 18 | | | 5 | | | $ | 3.63 | | | $ | 18 | | | 5 | | | $ | 3.63 | | Class B-2 common stock(4) | 431 | | | 120 | | | $ | 3.58 | | | $ | 430 | | | 120 | | | $ | 3.58 | | | Class C common stock | 85 | | | 9 | | | $ | 9.29 | | | $ | 85 | | | 9 | | | $ | 9.27 | | | Participating securities | 47 | | | Not presented | | Not presented | | $ | 47 | | | Not presented | | Not presented | | Net income | $ | 4,577 | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
March 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 | $ | 8,463 | | | 1,725 | | | $ | 4.90 | | | $ | 9,696 | | (3) | 1,979 | | (3) | $ | 4.90 | | | Class B-1 common stock | 37 | | | 5 | | | $ | 7.68 | | | $ | 37 | | | 5 | | | $ | 7.67 | | Class B-2 common stock(4) | 911 | | | 120 | | | $ | 7.57 | | | $ | 909 | | | 120 | | | $ | 7.56 | | | Class C common stock | 183 | | | 9 | | | $ | 19.62 | | | $ | 183 | | | 9 | | | $ | 19.59 | | | Participating securities | 102 | | | Not presented | | Not presented | | $ | 102 | | | Not presented | | Not presented | | Net income | $ | 9,696 | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
March 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 | $ | 3,616 | | | 1,579 | | | $ | 2.29 | | | $ | 4,663 | | (3) | 2,039 | | (3) | $ | 2.29 | | | Class B-1 common stock | 892 | | | 245 | | | $ | 3.63 | | | $ | 891 | | | 245 | | | $ | 3.63 | | | Class C common stock | 85 | | | 9 | | | $ | 9.16 | | | $ | 85 | | | 9 | | | $ | 9.15 | | | Participating securities | 70 | | | Not presented | | Not presented | | $ | 70 | | | Not presented | | Not presented | | Net income | $ | 4,663 | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
March 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 | $ | 7,408 | | | 1,582 | | | $ | 4.68 | | | $ | 9,553 | | (3) | 2,042 | | (3) | $ | 4.68 | | | Class B-1 common stock | 1,825 | | | 245 | | | $ | 7.44 | | | $ | 1,823 | | | 245 | | | $ | 7.43 | | | Class C common stock | 176 | | | 9 | | | $ | 18.73 | | | $ | 176 | | | 9 | | | $ | 18.71 | | | Participating securities | 144 | | | Not presented | | Not presented | | $ | 144 | | | Not presented | | Not presented | | Net income | $ | 9,553 | | | | | | | | | | | |
(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 and six months ended March 31, 2025 and 2024. (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.
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| 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
March 31, | | Six Months Ended
March 31, | | 2025 | | 2024 | | 2025 | | 2024 | | (in millions) | | Class B-1 common stock | 8 | | | 390 | | | 8 | | | 390 | | Class B-2 common stock(1) | 186 | | | — | | | 186 | | | — | | | Class C common stock | 37 | | | 37 | | | 37 | | | 38 | | | Participating securities | 20 | | | 31 | | | 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.
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