In fiscal 2022, the Board approved and publicly announced a stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. In February 2026, the Board approved a replenishment of the Program with authorization to purchase up to $2.0 billion of our common stock. As of July 31, 2026, $1.7 billion remained available for future stock repurchases under the Program.

In March 2026, we entered into an accelerated stock repurchase agreement (the March 2026 ASR) to repurchase an aggregate of $250.0 million of our common stock. Pursuant to the March 2026 ASR, we made a prepayment of $250.0 million to receive initial deliveries of shares valued at $212.5 million. The remaining balance of $37.5 million was settled on June 1, 2026, resulting in the delivery of an additional 51,437 shares. Total shares repurchased under the March 2026 ASR were approximately 564.7 thousand shares, at an average purchase price of $442.69 per share.

During the second quarter of fiscal 2026, we also repurchased on the open market approximately 126.7 thousand shares of our common stock pursuant to the Program, at an average price of $394.78 per share for an aggregate purchase price of $50.0 million.

Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes are as follows:


	Three Months Ended July 31,				Nine Months Ended July 31,
	2026		2025		2026		2025
	(in thousands)
Shares repurchased	51		—		691		—

Aggregate purchase price	$	37,500	$	—	$	300,000	$	—
Reissuance of treasury stock	212		359		1,480		1,393