v3.25.2
STOCKHOLDERS' EQUITY
12 Months Ended
Jun. 30, 2025
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 15 — STOCKHOLDERS’ EQUITY

Shares Outstanding

Shares of common stock outstanding were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2025

2024

2023

 

 

 

 

Balance, beginning of year

 

 

7,434

 

 

7,432

 

 

7,464

 

Issued

 

 

31

 

 

34

 

 

37

 

Repurchased

 

 

(31

)

 

 

(32

)

 

 

(69

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of year

 

 

7,434

 

 

7,434

 

 

7,432

 

 

 

 

 

 

 

 

 

 

 

 

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 June 30, 2025, $57.3 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

 

Shares

 

Amount

 

 

 

 

 

 

 

 

Year Ended June 30,

2025

2024

2023

 

 

 

 

 

 

 

First Quarter

7

 

$

2,800

11

 

$

3,560

17

 

$

4,600

Second Quarter

8

 

 

3,500

7

 

 

2,800

20

 

 

4,600

Third Quarter

8

 

 

3,500

 

7

 

 

2,800

 

18

 

 

4,600

 

Fourth Quarter

8

3,200

 

7

2,800

 

14

4,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

31

$

13,000

32

$

11,960

69

$

18,400

 

 

 

 

 

 

 

All repurchases were made using cash resources. Shares repurchased during the fourth quarter of fiscal year 2025 were under the share repurchase programs approved on September 14, 2021 and September 16, 2024. All other shares repurchased 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 $5.4 billion, $5.3 billion, and $3.8 billion for fiscal years 2025, 2024, and 2023, respectively.

Dividends

Our Board of Directors declared the following dividends:

 

Declaration Date

 

 

Record Date

 

 

 

Payment Date

 

Dividend

Per Share

 

 

Amount

 

 

 

Fiscal Year 2025

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

March 11, 2025

 

 

May 15, 2025

 

 

 

June 12, 2025

 

 

 

0.83

 

 

 

6,169

 

June 10, 2025

 

 

August 21, 2025

 

 

 

September 11, 2025

 

 

 

0.83

 

 

 

6,170

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.32

 

 

$

24,678

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 19, 2023

 

November 16, 2023

 

 

 

December 14, 2023

 

 

$

0.75

 

 

$

5,574

November 28, 2023

 

 

February 15, 2024

 

 

 

March 14, 2024

 

 

 

0.75

 

 

 

5,573

 

March 12, 2024

 

 

May 16, 2024

 

 

 

June 13, 2024

 

 

 

0.75

 

 

 

5,574

 

June 12, 2024

 

 

August 15, 2024

 

 

 

September 12, 2024

 

 

 

0.75

 

 

 

5,574

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.00

 

 

$

22,295

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dividend declared on June 10, 2025 was included in other current liabilities as of June 30, 2025.