v3.26.1
STOCKHOLDERS' EQUITY
12 Months Ended
Jun. 30, 2026
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 15 — STOCKHOLDERS’ EQUITY

Shares Outstanding

Shares of common stock outstanding were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2026

2025

2024

 

 

 

 

Balance, beginning of year

 

 

7,434

 

 

7,434

 

 

7,432

 

Issued

 

 

29

 

 

31

 

 

34

 

Repurchased

 

 

(36

)

 

 

(31

)

 

 

(32

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of year

 

 

7,427

 

 

7,434

 

 

7,434

 

 

 

 

 

 

 

 

 

 

 

 

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, 2026, $40.6 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,

2026

2025

2024

 

 

 

 

 

 

 

First Quarter

8

 

$

3,955

7

 

$

2,800

11

 

$

3,560

Second Quarter

12

 

 

5,964

8

 

 

3,500

7

 

 

2,800

Third Quarter

7

 

 

3,400

 

8

 

 

3,500

 

7

 

 

2,800

 

Fourth Quarter

9

3,400

 

8

3,200

 

7

2,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

36

$

16,719

31

$

13,000

32

$

11,960

 

 

 

 

 

 

 

All share 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 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 $5.6 billion, $5.4 billion, and $5.3 billion for fiscal years 2026, 2025, and 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

 

 

 

6,756

 

March 10, 2026

 

 

May 21, 2026

 

 

 

June 11, 2026

 

 

 

0.91

 

 

 

6,758

 

June 10, 2026

 

 

August 20, 2026

 

 

 

September 10, 2026

 

 

 

0.91

 

 

 

6,759

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.64

 

 

$

27,035

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

March 11, 2025

 

 

May 15, 2025

 

 

 

June 12, 2025

 

 

 

0.83

 

 

 

6,169

 

June 10, 2025

 

 

August 21, 2025

 

 

 

September 11, 2025

 

 

 

0.83

 

 

 

6,168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.32

 

 

$

24,676

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dividend declared on June 10, 2026 was included in other current liabilities as of June 30, 2026.