9 unchanged sentences
(in millions)
−Removed: First quarter fiscal 2024 (d)
−Removed: 15,437,627 $ 16.19
+Added: First quarter fiscal 2025 6,376,797 $ 39.22
Second quarter fiscal 2025 5,480,348 45.62
3 unchanged sentences
June 1, 2025 - June 30, 2025 1,281,951 54.60
−Removed: Total fiscal 2024 (d)
−Removed: 39,615,718 25.24 $ 1,400
+Added: Total fiscal 2025 21,169,368 47.24 $ 400
The Company has not made any purchases of Common Stock other than in connection with the publicly announced stock repurchase program described below.
2 unchanged sentences
The program has no time limit and may be modified, suspended or discontinued at any time.
−Removed: In February 2023, in connection with the stock repurchase program, the Company entered into an accelerated share repurchase (“ASR”) agreement in which the Company paid a third-party financial institution $1 billion and received an initial delivery of approximately 22.5 million shares of Class A Common Stock, representing 80% of the shares expected to be repurchased under the ASR agreement, at a price of $35.54 per share.
−Removed: Upon settlement of the ASR agreement in August 2023, the Company received a final delivery of approximately 7.8 million shares of Class A Common Stock.
−Removed: The final number of shares purchased under the ASR agreement was determined using a price of $33.03 per share (the volume-weighted average market price of the Class A Common Stock on the Nasdaq Global Select Market during the term of the ASR agreement less a discount) (See Note 11—Stockholders’ Equity to the accompanying Consolidated Financial Statements under the heading “Stock Repurchase Program”).
+Added: Subsequent to June 30, 2025, the Company announced that the Board has authorized incremental stock repurchases of an additional $5 billion of Class A and Class B Common Stock.
+Added: With this increase, the Company’s total stock repurchase authorization is now $12 billion .
In total, the Company repurchased approximately 21 million shares of Class A Common Stock for approximately $1 billion during fiscal 2025.
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.