Quarterly report [Sections 13 or 15(d)]

Shareholders' Equity

v3.26.1
Shareholders' Equity
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Common Stock
Declared Quarterly Cash Dividends on Common Stock (1)
Declaration Date Record Date Payment Date Dividend Per Share
April 23, 2026 June 5, 2026 June 26, 2026 $ 0.28 
February 3, 2026 March 6, 2026 March 27, 2026 0.28 
(1) In 2026, and through May 1, 2026.
During the three months ended March 31, 2026, the Corporation repurchased and retired approximately 140 million shares of common stock, which reduced shareholders’ equity by $7.2 billion, including excise taxes.
During the three months ended March 31, 2026, in connection with employee stock plans, the Corporation issued 92 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 35 million shares of common stock. At March 31, 2026, the Corporation had reserved 498 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock.
On April 23, 2026, the Board of Directors declared a quarterly common stock dividend of $0.28 per share.
Preferred Stock
During the three months ended March 31, 2026, the Corporation declared $425 million of cash dividends on preferred stock. During the three months ended March 31, 2026, the Corporation fully redeemed Series DD for $1.0 billion.
For more information on the Corporation’s preferred stock, including liquidation preference, dividend requirements and redemption period, see Note 13 – Shareholders’ Equity to the Consolidated Financial Statements of the Corporation’s 2025 Annual Report on Form 10-K.