MSFT · 10-K · 2026A · Full report
Capital Return Program
MICROSOFT CORP · 2026-07-29 · Importance 52 · Surprise 30 · In source text
Microsoft repurchased 36 million common shares for $16.7 billion in fiscal 2026, compared with 31 million shares for $13.0 billion in fiscal 2025. As of June 30, 2026, $40.6 billion remained available under the $60 billion share repurchase authorization. The Board declared $27.0 billion of dividends in fiscal 2026, up from $24.7 billion in fiscal 2025. Cash used in financing increased to $52.5 billion, including a $3.9 billion increase in repurchases and a $2.4 billion increase in dividends paid.
Key facts
- As of June 30, 2026, $40.6 billion remained of our $60 billion share repurchase program. source
- During fiscal years 2026 and 2025, Microsoft repurchased 36 million shares and 31 million shares of common stock for $16.7 billion and $13.0 billion, respectively. source
- Cash used in financing increased $847 million to $52.5 billion for fiscal year 2026. source
- During fiscal years 2026 and 2025, the Board declared dividends totaling $27.0 billion and $24.7 billion, respectively. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -4.5% | As of June 30, 2026, $40.6 billion remained of our $60 billion share repurchase program. |
| cash | negative | realized | -2.2% | During fiscal years 2026 and 2025, Microsoft repurchased 36 million shares and 31 million shares of common stock for $16.7 billion and… |