Net Income Per Share

3 Months Ended

Mar. 31, 2026

NET INCOME (LOSS) PER SHARE

A reconciliation of the shares used in the computation of basic and diluted net income (loss) per share is as follows:


	Three Months Ended March 31,
(AMOUNTS IN MILLIONS EXCEPT PER SHARE AMOUNTS)	2026		2025
Net Income (Loss)


Net income (loss) available to IFF shareholders	$	169	$	(1,018)
Shares
Weighted average common shares outstanding (basic)	256		256
Adjustment for assumed dilution:
Stock options and restricted stock awards	1		—

Weighted average shares assuming dilution (diluted)	257		256

Net Income (Loss) per Share
Net income (loss) per share - basic and diluted	$	0.66	$	(3.98)

The Company declared a quarterly dividend to its shareholders of $0.40 for each of the three months ended March 31, 2026 and 2025.

For the three months ended March 31, 2026 and 2025, there were approximately 0.3 million share equivalents that had an anti-dilutive effect and therefore were excluded from the computation of diluted net income per share in the period.

Share Repurchase Program

On August 5, 2025, the Company announced that its Board of Directors has authorized a new share repurchase program with a total value of $500 million. The program began on October 1, 2025 and does not have a specified term or termination date. Under the program, the Company is authorized to repurchase shares of common stock in privately negotiated transactions, and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act, and in block trades, or a combination of the foregoing. The Board will review the share repurchase program periodically and may authorize adjustment of its term and size. The Company plans to fund repurchases from available cash and cash provided by operating activities.

During the first quarter of 2026, the Company repurchased approximately 481,000 shares of common stock at a cost of approximately $35 million.