J · 10-Q · 2026Q2 · Full report

Capital Return Program

JACOBS SOLUTIONS INC. · 2026-08-04 · Importance 64 · Surprise 42 · In source text

During the nine months ended June 26, 2026, Jacobs repurchased $614.1 million of common stock and paid $123.4 million in shareholder dividends. The company also paid $917.6 million to repurchase the remaining redeemable noncontrolling interest shares associated with the PA Consulting Transaction. These capital-allocation activities were funded partly by $1.4 billion of net borrowing proceeds. Management expects available liquidity and operating cash generation to support continued share buybacks and dividends during the next twelve months.

Key facts

• Net cash used for financing activities during the nine months ended June 26, 2026 included common stock repurchases of $614.1 million, dividends of $123.4 million, and taxes on vested restricted stock of $29.2 million, offset by net proceeds of borrowings of $1.4 billion. source
• On April 30, 2025, the Company's Board declared an in kind dividend of 7.3 million Amentum shares payable to Jacobs’ shareholders of record as of May 16, 2025, which was distributed pro rata on May 30, 2025. source
• Common stock repurchases for the nine months ended June 26, 2026 were $(614,058) thousand. source
• Common stock repurchases for the nine months ended June 27, 2025 were $(653,247) thousand. source
• Net cash used for financing activities in the corresponding prior year period was $126.2 million primarily due to common stock repurchases of $653.2 million, $114.8 million in dividends, and $27.0 million in taxes paid on vested restricted stock, offset by net proceeds from borrowings of $589.4 million and receipt of $70.0 million from the SpinCo Business distribution settlement. source
• Cash dividends to shareholders for the nine months ended June 26, 2026 were $(123,439) thousand. source
• Proceeds from issuances of common stock for the nine months ended June 26, 2026 were $26,177 thousand. source

Impact estimates