Item 1A. Risk Factors

3K characters. Original on sec.gov · Markdown

Item 1A. Risk Factors

There have been no material changes in our risk factors disclosed in Part 1, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended June 30, 2025.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Issuer Purchases of Equity Securities


	Total Number of Shares Purchased (1)	Average Price Paid per Share (2)		Total Number of Shares Purchased as Part of the Publicly Announced Common Stock Repurchase Plan (1)	Maximum Approximate Dollar Value of Shares that may yet be Purchased under the Common Stock Repurchase Plan (1) (2)
Period
January 1 to 14, 2026	301,427	$	260.08	301,427	$	840,246,265
January 15 to 31, 2026	387,669	$	259.92	387,669	$	5,899,235,832

February 1 to 28, 2026	840,993	$	222.18	840,993	$	5,712,388,001

March 1 to 31, 2026	1,041,772	$	213.29	1,041,772	$	5,490,189,771
Total	2,571,861			2,571,861


(1)	On January 14, 2026, the Board of Directors authorized the repurchase of $6 billion of our common stock, replacing in its entirety the previous 2022 authorization to purchase up to $5 billion of common stock included in the table above as follows:
	Date of Approval
	November 2022	$5 billion
	January 2026	$6 billion

(2)	Inclusive of the impact of the one-percent excise tax under the Inflation Reduction Act of 2022.

There is no expiration date for the common stock repurchase authorization.

Previous: Item 4. Controls and Procedures · Next: Item 5. Other Information