Total authorized
December 2025 Repurchase Program: $2.0 billion approved by the Board on December 23, 2025 (open market, privately negotiated, ASR, block trades, Rule 10b5-1), incremental to the December 2024 Repurchase Program of $7.5 billion approved December 11, 2024; plus the December 6, 1999 Repurchase Program to offset stock-option/incentive-plan dilution, funded solely by proceeds and tax benefits from option exercises. None of the programs have expiration dates.
Remaining (Fourth quarter of fiscal 2025 (November 9, 2025 to January 31, 2026); fiscal year 2025 ended January 31, 2026.)
$2,028 million (~$2.0 billion) approximate dollar value of shares that may yet be purchased under the December 2024 and December 2025 Repurchase Programs combined, as of January 31, 2026 (fiscal year-end).
Latest FY repurchased
During 2025, invested $2.7 billion to repurchase 41.8 million shares at an average price of $65.21 per share (under the December 2024 and 1999 Repurchase Programs, including excise tax). Total shareholder returns for 2025 were $4.3 billion from share repurchases and dividends combined.