v3.26.3
Stockholder Return Program
9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Stockholder Return Program
Note 12 – Stockholder Return Program

2026 Stockholder Return Program

On December 11, 2025, we announced that our Board of Directors authorized our 2026 Stockholder Return Program of up to $14.6 billion that will run through December 31, 2026 (the “2026 Stockholder Return Program”). On April 23, 2026, we announced that our Board of Directors increased the 2026 Stockholder Return Program authorization to up to $18.2 billion. The 2026 Stockholder Return Program consists of repurchases of shares of our common stock and the payment of cash dividends. The amount available under the 2026 Stockholder Return Program for share repurchases will be reduced by the amount of any cash dividends declared and paid by us.

On December 4, 2025, our Board of Directors declared a cash dividend of $1.02 per share on our issued and outstanding common stock, which was paid on March 12, 2026, to stockholders of record as of the close of business on February 27, 2026.

On March 19, 2026, our Board of Directors declared a cash dividend of $1.02 per share on our issued and outstanding common stock, which was paid on June 11, 2026, to stockholders of record as of the close of business on May 29, 2026.

On June 15, 2026, our Board of Directors declared a cash dividend of $1.02 per share on our issued and outstanding common stock, which was paid on September 10, 2026, to stockholders of record as of the close of business on August 28, 2026.

On September 24, 2026, our Board of Directors declared a cash dividend of $1.17 per share on our issued and outstanding common stock, which will be paid on December 10, 2026, to stockholders of record as of the close of business on November 25, 2026.
During the three and nine months ended September 30, 2026, we paid an aggregate of $1.1 billion and $3.3 billion, respectively, in cash dividends to our stockholders, which are presented within Net cash used in financing activities on our Condensed Consolidated Statements of Cash Flows, of which during the three and nine months ended September 30, 2026, $594 million and $1.8 billion, respectively, were paid to Deutsche Telekom AG (“DT”). As of September 30, 2026, $1.2 billion for dividends payable is presented within Other current liabilities on our Condensed Consolidated Balance Sheets, of which $681 million is payable to DT.

During the three months ended September 30, 2026, we repurchased 13,621,695 shares of our common stock at an average price per share of $177.31 for a total purchase price of $2.4 billion, and during the nine months ended September 30, 2026, we repurchased 48,372,465 shares of our common stock at an average price per share of $195.81 for a total purchase price of $9.5 billion under the 2026 Stockholder Return Program. All shares repurchased during the three and nine months ended September 30, 2026, were purchased at market price. As of September 30, 2026, we had up to $5.4 billion remaining under the 2026 Stockholder Return Program for repurchases of shares and quarterly dividends through December 31, 2026.

Subsequent to September 30, 2026, from October 1, 2026, through October 23, 2026, we repurchased 4,987,500 shares of our common stock at an average price per share of $158.68 for a total purchase price of $791 million. As of October 23, 2026, we had up to $4.6 billion remaining under the 2026 Stockholder Return Program for repurchases of shares and quarterly dividends through December 31, 2026.