Bought back $5.0B of its own shares, 9.6× what it paid in stock
Dilution: new shares, stock pay and buybacks
New Oct 15, 2026: Shelf registration: shares and other securities, amount not fixed (S-3ASR) Email me when PG files the next one
Shares offered
Since Nov 12, 2023: 2 shelf registrations; also 10 notes offerings, 1 debt shelf.
- Oct 15, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
- Oct 15, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
Diluted shares: 2.42B in the year to Jun 30, 2026 2026 -1.3%2025 -0.7%2024 -0.5%2023 -2.2%
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
FY2026, from the cash flow statement in the 10-K, added up.
Came from
| Operating cash flow | $19.6B |
| Debt raised | $2.7B |
| Shares sold | $920.0M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$402.0M |
Went to
| Capital spending | $4.4B |
| Acquisitions | $85.0M |
| Buybacks | $5.0B |
| Dividends | $10.2B |
| Debt repaid | $3.4B |
| Added to cash | $386.0M |
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.
What the 10-Ks show for each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years.
Mr. Jejurikar
- Operating cash flow
- $19.6B
- Capital spending
- $4.4B
- Acquisitions
- $85.0M
- Buybacks
- $5.0B
- Dividends
- $10.2B
- Stock-based pay
- $524.0M
- Diluted shares since FY2025
- -1.3%
- Revenue since FY2025
- +3%
- Debt since FY2025
- -$344.0M
- CEO pay (reported)
- $38.1M
Mr. Moeller
- Operating cash flow
- $17.8B
- Capital spending
- $3.8B
- Acquisitions
- $11.0M
- Buybacks
- $6.5B
- Dividends
- $9.9B
- Stock-based pay
- $476.0M
- Diluted shares since FY2024
- -0.7%
- Revenue since FY2024
- +0%
- Debt since FY2024
- +$2.0B
- CEO pay (reported)
- $21.9M
David Taylor, Mr. Taylor, Mr. Moeller
- Operating cash flow
- $16.7B
- Capital spending
- $3.2B
- Acquisitions
- $1.4B
- Buybacks
- $10.0B
- Dividends
- $8.8B
- Stock-based pay
- $528.0M
- Diluted shares since FY2021
- -2.4%
- Revenue since FY2021
- +5%
- Debt since FY2021
- -$590.0M
- CEO pay (reported)
- $36.3M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2026-06-30 | $5.0B | $10.2B | $524.0M | $920.0M | 2.42B |
| 2025-06-30 | $6.5B | $9.9B | $476.0M | $1.7B | 2.45B |
| 2024-06-30 | $5.0B | $9.3B | $562.0M | $1.9B | 2.47B |
| 2023-06-30 | $7.4B | $9.0B | $545.0M | $1.2B | 2.48B |
| 2022-06-30 | $10.0B | $8.8B | $528.0M | $1.9B | 2.54B |
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 = PaymentsOfDividends; sbc = ShareBasedCompensation; issuance = ProceedsFromStockOptionsExercised; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.