v3.25.4
STOCKHOLDERS' EQUITY
6 Months Ended
Dec. 31, 2025
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 14 STOCKHOLDERS’ EQUITY

Share Repurchases

On September 14, 2021, our Board of Directors approved a share repurchase program authorizing up to $60.0 billion in share repurchases. This share repurchase program commenced in November 2021 and was completed in April 2025.

On September 16, 2024, our Board of Directors approved a share repurchase program authorizing up to $60.0 billion in share repurchases. This share repurchase program commenced in April 2025, following completion of the program approved on September 14, 2021, has no expiration date, and may be terminated at any time. As of December 31, 2025, $47.4 billion remained of this $60.0 billion share repurchase program.

We repurchased the following shares of common stock under the share repurchase programs:

 

(In millions)

Shares

 

Amount

Shares

 

Amount

 

 

 

 

Fiscal Year

 

2026

 

2025

First Quarter

8

$

3,955

7

$

2,800

Second Quarter

 

 

12

 

 

 

5,964

 

 

 

8

 

 

 

3,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

20

 

 

$

9,919

 

 

 

15

 

 

$

6,300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All repurchases were made using cash resources. Shares repurchased during fiscal year 2026 were under the share repurchase program approved on September 16, 2024. Shares repurchased during fiscal year 2025 were under the share repurchase program approved on September 14, 2021. The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards of $1.5 billion and $3.1 billion for the three and six months ended December 31, 2025, respectively, and $1.5 billion and $2.8 billion for the three and six months ended December 31, 2024, respectively.

Dividends

Our Board of Directors declared the following dividends:

 

Declaration Date

Record Date

Payment Date

Dividend

Per Share

Amount

Fiscal Year 2026

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

September 15, 2025

 

 

November 20, 2025

 

 

 

December 11, 2025

 

 

$

0.91

 

 

$

6,762

 

December 2, 2025

 

 

February 19, 2026

 

 

 

March 12, 2026

 

 

 

0.91

 

 

 

6,760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

1.82

 

 

$

13,522

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 16, 2024

 

 

November 21, 2024

 

 

 

December 12, 2024

 

 

$

0.83

 

 

$

6,170

 

December 3, 2024

 

 

February 20, 2025

 

 

 

March 13, 2025

 

 

 

0.83

 

 

 

6,169

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

1.66

 

 

$

12,339

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dividend declared on December 2, 2025 was included in other current liabilities as of December 31, 2025.