Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “LDOS.”
HOLDERS OF COMMON STOCK
As of February 10, 2026, there were approximately 15,268 holders of record of Leidos common stock. The number of stockholders of record of our common stock is not representative of the number of beneficial owners due to the fact that many shares are held by depositories, brokers or nominees.
DIVIDEND POLICY
During fiscal 2025 and 2024, we declared and paid quarterly dividends totaling $1.63 and $1.54 per share, respectively, of Leidos common stock. We currently intend to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by our Board of Directors and will depend on many factors, including available cash, estimated cash needs, earnings, financial condition, operating results and capital requirements, as well as limitations in our contractual agreements, applicable law, regulatory constraints, industry practice and other business considerations that the Board of Directors considers relevant. Our ability to declare and pay future dividends on Leidos stock may be restricted by the provisions of Delaware law and covenants in our then-existing indebtedness arrangements.
STOCK PERFORMANCE GRAPH
This stock performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of Leidos under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
The following graph compares the total cumulative five-year return on Leidos common stock through January 2, 2026, to two indices: (i) the Standard & Poor’s 500 Composite index and (ii) the Standard & Poor’s 500 IT Services Industry index. The graph assumes an initial investment of $100 on January 1, 2021, and that dividends, if any, have been reinvested. The comparisons in the graph are required by the SEC, based upon historical data and are not intended to forecast or be indicative of possible future performance of Leidos common stock.
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COMPARISON OF CUMULATIVE TOTAL RETURN
Leidos Holdings, Inc.
S&P 500 Composite Index
S&P 500 IT Services Index
Company/Market/Peer Group 1/1/2021 12/31/2021 12/30/2022 12/29/2023 1/3/2025 1/2/2026
Leidos Holdings, Inc. $ 100.00 $ 85.80 $ 103.00 $ 107.64 $ 147.91 $ 186.30
S&P 500 Composite Index $ 100.00 $ 126.89 $ 102.22 $ 126.99 $ 158.21 $ 182.60
S&P 500 IT Services Index $ 100.00 $ 103.89 $ 83.62 $ 109.91 $ 122.42 $ 117.44
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
The following table presents information related to the repurchases of our common stock during the quarter ended January 2, 2026:
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number
of Shares Purchased as Part of Publicly Announced Repurchase Plans or Programs
Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (2)
October 4, 2025 - October 31, 2025 — — — 3,234,632
November 1, 2025 - November 30, 2025 830,800 190.99 830,800 2,403,832
December 1, 2025 - December 31, 2025 760,116 188.84 748,138 1,655,694
January 1, 2026 - January 2, 2026 — — — 1,655,694
Total 1,590,916 $ 189.96 1,578,938
(1) The total number of shares purchased includes shares surrendered to satisfy statutory tax withholding obligations related to vesting of restricted stock units.
(2) In February 2022, our Board of Directors authorized a share repurchase program of up to 20 million shares of our outstanding common stock. The shares may be repurchased from time to time in one or more open market repurchases or privately negotiated transactions, including accelerated share repurchase transactions. The actual timing, number and value of shares repurchased under the program will depend on a number of factors, including the market price of our common stock, general market and economic conditions, applicable legal requirements, compliance with the terms of our outstanding indebtedness and other considerations. There is no assurance as to the number of shares that will be repurchased, and the repurchase program may be suspended or discontinued at any time at our Board of Directors’ discretion. This share repurchase authorization replaces the previous share repurchase authorization announced in February 2018.
Item 6. [Reserved]
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