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 | 520 | $ | 7.61 | $ | 4,980 | 656 | (3) | $ | 7.59 | |||||||||||
Class B common stock | 786 | 245 | $ | 3.20 | $ | 784 | 245 | $ | 3.19 | |||||||||||||
Class C common stock | 216 | 28 | $ | 7.61 | $ | 215 | 28 | $ | 7.59 | |||||||||||||
Participating securities(4) | 19 | Not presented | Not presented | $ | 19 | Not presented | Not presented | |||||||||||||||
Net income attributable to Visa Inc. | $ | 4,980 | ||||||||||||||||||||
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 | $ | 1,664 | 524 | $ | 3.17 | $ | 2,144 | 678 | (3) | $ | 3.16 | |||||||||||
Class B common stock | 343 | 245 | $ | 1.40 | $ | 341 | 245 | $ | 1.39 | |||||||||||||
Class C common stock | 130 | 41 | $ | 3.17 | $ | 129 | 41 | $ | 3.16 | |||||||||||||
Participating securities(4) | 7 | Not presented | Not presented | $ | 7 | Not presented | Not presented | |||||||||||||||
Net income attributable to Visa Inc. | $ | 2,144 | ||||||||||||||||||||
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 | $ | 2,638 | 509 | $ | 5.18 | $ | 3,650 | 707 | (3 | ) | $ | 5.16 | |||||||||||
Class B common stock | 636 | 245 | $ | 2.59 | $ | 633 | 245 | $ | 2.58 | ||||||||||||||
Class C common stock | 364 | 70 | $ | 5.18 | $ | 363 | 70 | $ | 5.16 | ||||||||||||||
Participating securities(4) | 12 | Not presented | Not presented | $ | 12 | Not presented | Not presented | ||||||||||||||||
Net income attributable to Visa Inc. | $ | 3,650 | |||||||||||||||||||||
(1) | Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on whole numbers, not the rounded numbers presented. |
(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 103 million, 108 million and 123 million for fiscal 2013, 2012 and 2011, 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 2 million common stock equivalents for fiscal 2013 and 3 million for fiscal 2012 and fiscal 2011, because their effect would have been dilutive. The computation excludes less than 1 million of common stock equivalents for fiscal 2013 and 2012, and 2 million for fiscal 2011 because their effect would have been anti-dilutive. |
(4) | 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. |