Quarterly report [Sections 13 or 15(d)]

Shareholders' Equity

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Shareholders' Equity
 6 Months Ended
Jun. 30, 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
July 23, 2026 September 4, 2026 September 25, 2026 $ 0.32 
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 July 31, 2026.
During the three and six months ended June 30, 2026, the Corporation repurchased and retired approximately 112 million and 252 million shares of common stock, which reduced shareholders’ equity by $6.0 billion and $13.2 billion, including excise taxes.
During the six months ended June 30, 2026, in connection with employee stock plans, the Corporation issued 93 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 35 million shares of common stock. At June 30, 2026, the Corporation had reserved 532 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock.
On July 23, 2026, the Board of Directors declared a quarterly common stock dividend of $0.32 per share.
Preferred Stock
During the three months ended June 30, 2026 and March 31, 2026, the Corporation declared $326 million and $425 million of cash dividends on preferred stock, or a total of $751 million for the six months ended June 30, 2026. During the first quarter of 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.