Bought back $2.7B of its own shares, 17.2× what it paid in stock
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 1 registration of shares for a merger, units or notes, 1 shelf registration; also 1 notes offering.
- Apr 21, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
- Aug 22, 2024 Shares for a merger, units or notes 424B5
Every offering filing →“We may offer any of the following securities from time to time: • debt securities; preferred shares; depositary shares relating to preferred shares; common shares; and warrants to purchase debt securities, common shares or preferred shares.”
S-3ASR, Apr 21, 2026 ↗
Diluted shares: 655.00M in the year to Jan 31, 2026 2026 -9.0%2025 -0.7%2024 -0.3%2023 -3.6%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
Where the cash came from and where it went
FY2025, from the cash flow statement in the 10-K, added up.
Came from
| Operating cash flow | $7.3B |
| Debt raised | $43.0M |
| Shares sold | $182.0M |
| Cash on hand used | $625.0M |
Went to
| Capital spending | $3.9B |
| Buybacks | $2.7B |
| Dividends | $885.0M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$722.0M |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2026-01-31 | $2.7B | $885.0M | $157.0M | $182.0M | 655.00M |
| 2025-02-01 | $4.2B | $883.0M | $175.0M | $127.0M | 720.00M |
| 2024-02-03 | $62.0M | $796.0M | $172.0M | $50.0M | 725.00M |
| 2023-01-28 | $993.0M | $682.0M | $190.0M | $134.0M | 727.00M |
| 2022-01-29 | $1.6B | $589.0M | $203.0M | $172.0M | 754.00M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.