11 unchanged sentences
June 17, 2025 July 22, 2025 August 1, 2025 $ 0.525 $ 355
−Removed: September 18, 2024 October 22, 2024 November 1, 2024 $ 0.445 $ 312
+Added: September 4, 2025 October 21, 2025 October 31, 2025 $ 0.525 $ 351
December 4, 2025 January 20, 2026 January 30, 2026 $ 0.525 $ 344
During the fiscal year ended January 30, 2026, we also paid an immaterial amount of dividend equivalents on eligible vested equity awards which are not included above.
−Removed: On February 27, 2025, we announced that the Board of Directors approved an 18% increase in the dividend rate to $0.525 per share per fiscal quarter beginning in the first quarter of the fiscal year ending January 30, 2026.
+Added: On February 26, 2026, we announced that the Board of Directors approved a 20% increase in the dividend rate to $0.63 per share per fiscal quarter beginning in the first quarter of the fiscal year ending January 29, 2027.
The dividend policy and the declaration and payment of each quarterly cash dividend will be subject to the continuing determination by the Board of Directors that the policy and the declaration of dividends thereunder are in the best interests of our stockholders and are in compliance with applicable law.
The Board of Directors retains the power to modify, suspend, or cancel the dividend policy in any manner and at any time that it may deem necessary or appropriate.
−Removed: Table of Conte nts
+Added: Sales of Unregistered Securities
+Added: During November 2025, the Company issued 18,000 shares of Class C Common Stock to a stockholder upon the conversion of the same number of shares of our Class A Common Stock held by and at the election of such stockholder.
+Added: The issuance of the Class C Common Stock in this transaction was made in reliance on the exemption from registration under the Securities Act afforded by Section 3(a)(9) thereof.
+Added: No commission or other remuneration was paid or given directly or indirectly for soliciting the exchange of these securities.
Purchases of Equity Securities
6 unchanged sentences
Total 14.9 14.9
−Removed: On September 23, 2021, our Board of Directors approved a stock repurchase program with no fixed expiration date under which we may repurchase up to $5 billion of shares of Class C Common Stock, exclusive of any fees, commissions, or other expenses related to such repurchases.
−Removed: On October 5, 2023 and February 27, 2025, subsequent to the close of Fiscal 2025, our Board of Directors authorized additional shares for repurchase under the stock repurchase program of $5 billion and $10 billion, respectively.
−Removed: Following the February 27, 2025 approval, we had approximately $11.5 billion of authorized shares remaining under the program.
−Removed: Table of Conte nts
+Added: On September 23, 2021, our Board of Directors approved a stock repurchase program with no fixed expiration date under which we may repurchase a specified dollar value of Class C Common Stock, exclusive of any fees, commissions, or other expenses related to such repurchases.
+Added: As of January 30, 2026, our Board of Directors authorized the repurchase of up to $20 billion of Class C Common Stock and on February 26, 2026, subsequent to the close of Fiscal 2026, authorized an additional $10 billion of Class C Common Stock for repurchase.
+Added: Following the February 26, 2026 approval, we had approximately $15.2 billion of authorized shares remaining for repurchase under the program.
Stock Performance Graph
3 unchanged sentences
The comparisons in the graph are based on historical data.
−Removed: January 31, 2020 January 29, 2021 January 28, 2022 February 3, 2023 February 2, 2024 January 31, 2025
+Added: January 29, 2021 January 28, 2022 February 3, 2023 February 2, 2024 January 31, 2025 January 30, 2026
Class C Common Stock $ 100.00 $ 152.52 $ 118.27 $ 247.98 $ 302.09 $ 339.99
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.