Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities
Share repurchases of the Company’s common stock for the three months ended March 31, 2026 were as follows:
Total Number of Shares Purchased
(in thousands) Total Number of Shares Purchased as Part of Publicly Announced Program
(in thousands) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (1)
(in billions)
Period Average Price Paid Per Share
January 1 - 31 1,631 $ 137.77 1,631 $ 6.20
February 1 - 28 (2)
13,674 107.97 13,674 4.20
March 1 - 31 (2)
4,849 107.97 4,849 4.20
First Quarter 2026 20,154 $ 110.38 20,154 $ 4.20
(1) On May 16, 2023, our board of directors authorized a program to repurchase up to $1.5 billion of our common stock (the “Share Repurchase Program”). In January 2025 and January 2026, our board of directors authorized an additional $3.0 billion and $5.0 billion, respectively, in repurchases under the Share Repurchase Program.
(2) Represents repurchases under the accelerated share repurchase agreement, which was entered into on January 30, 2026. During the three months ended March 31, 2026, the Company repurchased 18.5 million shares of common stock at an average price of $107.97 per share, concluding the program. Refer to Note 13 “Stockholders' Equity” in the notes to our condensed consolidated financial statements for more information.
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