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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2015
Note 15—Earnings Per Share
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 Notpresented 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 Notpresented 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.
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