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Earnings Per Share and Certain Related Information | 9 Months Ended
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Jun. 26, 2026
Earnings Per Share Reconciliation [Abstract] |
Earnings Per Share and Certain Related Information | Earnings Per Share and Certain Related Information Basic and diluted earnings per share (“EPS”) are computed using the two-class method, which is an earnings allocation method that determines EPS for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings. Net earnings used for the purpose of determining basic and diluted EPS is determined by taking net earnings, less earnings available to participating securities and the redeemable noncontrolling interests redemption value adjustment associated with the PA Consulting investment. In connection with the PA Consulting Transaction, the Company issued 2,043,537 shares of Company Common Stock. See Note 15- PA Consulting Redeemable Noncontrolling Interests for more discussion on the transaction. The following table reconciles the numerator and denominator used to compute basic EPS to the numerator and denominator used to compute diluted EPS for the three and nine months ended June 26, 2026 and June 27, 2025 (in thousands):
| Three Months Ended |  | Nine Months Ended
| June 26, 2026 |  | June 27, 2025 |  | June 26, 2026 |  | June 27, 2025
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |
Net Earnings Attributable to Jacobs from Continuing Operations | $ | 137,359 |  |  | $ | 181,234 |  |  | $ | 219,319 |  |  | $ | 175,266 |
Redeemable Noncontrolling interests redemption value adjustment (See Note 15- PA Consulting Redeemable Noncontrolling Interests) | — |  |  | 6,605 |  |  | 13,480 |  |  | 12,417 |
Net Earnings from continuing operations allocated to common stock for EPS calculation | $ | 137,359 |  |  | $ | 187,839 |  |  | $ | 232,799 |  |  | $ | 187,683 |
Net Loss from discontinued operations allocated to common stock for EPS calculation | $ | (806) |  |  | $ | (1,629) |  |  | $ | (3,142) |  |  | $ | (8,180) |
Net Earnings allocated to common stock for EPS calculation | $ | 136,553 |  |  | $ | 186,210 |  |  | $ | 229,657 |  |  | $ | 179,503 |
Denominator for Basic and Diluted EPS: |  |  |  |  |  |  |
Shares used for calculating basic EPS attributable to common stock | 117,745 |  |  | 120,084 |  |  | 117,867 |  |  | 122,132 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock compensation plans | 1,153 |  |  | 407 |  |  | 619 |  |  | 450 |
Shares used for calculating diluted EPS attributable to common stock | 118,898 |  |  | 120,491 |  |  | 118,486 |  |  | 122,582 |
Net Earnings Per Share: |  |  |  |  |  |  |
Basic Net Earnings from Continuing Operations Per Share | $ | 1.17 |  |  | $ | 1.56 |  |  | $ | 1.98 |  |  | $ | 1.54 |
Basic Net Loss from Discontinuing Operations Per Share | $ | (0.01) |  |  | $ | (0.01) |  |  | $ | (0.03) |  |  | $ | (0.07) |
Basic Earnings Per Share | $ | 1.16 |  |  | $ | 1.55 |  |  | $ | 1.95 |  |  | $ | 1.47 |
Diluted Net Earnings from Continuing Operations Per Share | $ | 1.16 |  |  | $ | 1.56 |  |  | $ | 1.96 |  |  | $ | 1.53 |
Diluted Loss from Discontinuing Operations Per Share | $ | (0.01) |  |  | $ | (0.01) |  |  | $ | (0.03) |  |  | $ | (0.07) |
Diluted Earnings Per Share | $ | 1.15 |  |  | $ | 1.55 |  |  | $ | 1.94 |  |  | $ | 1.46 |
Note: Per share amounts may not add due to rounding. |  |  |  |  |  |  |
Share Repurchases
On January 25, 2023, the Company's Board of Directors authorized a share repurchase program of up to $1.0 billion of the Company's common stock, which expired on January 25, 2026 (the "2023 Repurchase Authorization"). By the end of the second fiscal quarter of 2025, the Company had repurchased the full amount of common stock authorized under the 2023 Repurchase Authorization. On January 30, 2025, the Company's Board of Directors authorized an incremental share repurchase program of up to $1.5 billion of the Company's common stock (exclusive of any related taxes, fees or similar expenses), to expire on January 30, 2028 (the "2025 Repurchase Authorization"). At June 26, 2026, the Company had $618.8 million remaining under the 2025 Repurchase Authorization.
The following table summarizes repurchase ac tivity for fiscal 2026 u nder the 2025 Repurchase Authorization through the third fiscal quarter of 2026:
Amount Authorized (2025 Repurchase Authorization) |  | Average Price Per Share (1) |  | Total Shares Repurchased and Retired |  |
$1,500,000,000 |  | $133.58 |  | 4,597,096 |  |
(1)Includes commissions paid and excise tax due under the Inflation Reduction Act of 2022 and calculated at the average price per share.
Our share repurchase program does not obligate the Company to purchase any shares. Share repurchases may be executed through various means including, without limitation, accelerated share repurchases, open market transactions, privately negotiated transactions, purchases pursuant to Rule 10b5-1 plans or otherwise. The authorization for the share repurchase programs may be terminated, increased or decreased by the Company’s Board of Directors in its discretion at any time. The timing, amount and manner of share repurchases may depend upon market conditions and economic circumstances, availability of investment opportunities, the availability and costs of financing, currency fluctuations, the market price of the Company's common stock, other uses of capital and other factors.
Cash Dividends On July 30, 2026, the Company’s Board of Directors declared a quarterly dividend of $0.36 per share of the Company’s common stock to be paid on September 18, 2026, to shareholders of record on the close of business on August 21, 2026. Future dividend declarations are subject to review and approval by the Company’s Board of Directors. Dividends paid through the third fiscal quarter of 2026 and the preceding fiscal year are as follows:
Declaration Date |  | Record Date |  | Payment Date |  | Cash Amount (per share) |  |
April 30, 2026 |  | May 22, 2026 |  | June 19, 2026 |  | $0.36 |  |
January 29, 2026 |  | February 20, 2026 |  | March 20, 2026 |  | $0.36 |  |
November 18, 2025 |  | December 2, 2025 |  | December 19, 2025 |  | $0.32 |  |
July 31, 2025 |  | August 22, 2025 |  | September 19, 2025 |  | $0.32 |  |
April 30, 2025 |  | May 23, 2025 |  | June 20, 2025 |  | $0.32 |  |
January 30, 2025 |  | February 21, 2025 |  | March 21, 2025 |  | $0.32 |  |
September 26, 2024 |  | October 25, 2024 |  | November 22, 2024 |  | $0.29 |  |

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