NVDA · 10-K · 2026A · Full report

Capital Return Program

NVIDIA CORP · 2026-02-25 · Importance 84 · Surprise 74

On August 26, 2025, NVIDIA's Board approved an additional $60.0 billion share repurchase authorization without expiration; in FY2026 the company repurchased 282 million shares for $40.4 billion. As of January 25, 2026, NVIDIA was authorized to repurchase up to $58.5 billion of its common stock (subject to specifications) and repurchased an additional 8 million shares for $1.5 billion through February 20, 2026 under a pre-established trading plan. NVIDIA paid $974 million in cash dividends in FY2026 and noted future dividends are at the Board's discretion. The company disclosed the 1% excise tax on repurchases under the U.S. Inflation Reduction Act is included in repurchase cost and was not material for FY2026 and FY2025.

Key facts

• On August 26, 2025, NVIDIA's Board approved an additional $60.0 billion in share repurchase authorization without expiration.
• In fiscal year 2026, NVIDIA repurchased 282 million shares of common stock for $40.4 billion.
• As of January 25, 2026, NVIDIA was authorized, subject to certain specifications, to repurchase up to $58.5 billion of its common stock.
• Net cash used in financing activities was $(48,474) million in fiscal year 2026 compared to $(42,359) million in fiscal year 2025.
• Cash used in financing activities increased in fiscal year 2026 compared to fiscal year 2025 mainly due to higher share repurchases.
• In fiscal year 2026, NVIDIA paid cash dividends to shareholders of $974 million.
• From January 26, 2026 through February 20, 2026, NVIDIA repurchased 8 million shares for $1.5 billion pursuant to a pre-established trading plan.

Impact estimates