v3.26.1
Stockholders' Equity
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Dividends
The Company declared quarterly cash dividends on its Class A and Class B common stock as summarized below: 
Three Months Ended March 31,
20262025
(in millions, except per share data)
Dividends declared per share $0.87 $0.76 
Total dividends declared$771 $692 
Common Stock Activity
The following table presents the changes in the Company’s outstanding Class A and Class B common stock:
Three Months Ended March 31,
20262025
 Class AClass BClass AClass B
(in millions)
Balance at beginning of period887.3 6.6 906.6 6.8 
Purchases of treasury stock(7.8)— (4.7)— 
Share-based payments0.8 — 1.1 — 
Conversion of Class B to Class A common stock— — — — 
Balance at end of period880.3 6.6 903.0 6.8 
In December 2025 and 2024, the Company’s Board of Directors approved programs authorizing the Company to repurchase shares of its Class A common stock up to $14.0 billion and $12.0 billion, respectively. The following table summarizes the Company’s share repurchases of its Class A common stock:
Three Months Ended March 31,
20262025
(in millions, except per share data)
Dollar-value of shares repurchased
$4,035 $2,549 
Shares repurchased7.8 4.7 
Average price paid per share$519.67 $541.38 
As of March 31, 2026, the remaining authorization under share repurchase programs approved by the Company’s Board of Directors was $13.4 billion. Through April 27, 2026, the Company repurchased $1.7 billion dollar-value of shares. As of April 27, 2026, the remaining authorization under share repurchase programs approved by the Company’s Board of Directors was $11.7 billion.