STOCKHOLDERS’ EQ UITY STATEMENTS
(In millions, except per share amounts)
Year Ended June 30, ..................... 2025 / 2025 / 2024 / 2024 / 2023 / 2023
Common stock and paid-in capital
Balance, beginning of period ............ $ / 100,923 / $ / 93,718 / $ / 86,939
Common stock issued ..................... 2,056 / 2,002 / 1,866
Common stock repurchased ................ ( 5,856 / ) / ( 5,712 / ) / ( 4,696 / )
Stock-based compensation expense ........ 11,974 / 10,734 / 9,611
Other, net .............................. ( 2 / ) / 181 / ( 2 / )
Balance, end of period .................. 109,095 / 100,923 / 93,718
Retained earnings
Balance, beginning of period ............ 173,144 / 118,848 / 84,281
Net income .............................. 101,832 / 88,136 / 72,361
Common stock cash dividends ............. ( 24,677 / ) / ( 22,293 / ) / ( 20,226 / )
Common stock repurchased ................ ( 12,568 / ) / ( 11,547 / ) / ( 17,568 / )
Balance, end of period .................. 237,731 / 173,144 / 118,848
Accumulated other comprehensive loss
Balance, beginning of period ............ ( 5,590 / ) / ( 6,343 / ) / ( 4,678 / )
Other comprehensive income (loss) ....... 2,243 / 753 / ( 1,665 / )
Balance, end of period .................. ( 3,347 / ) / ( 5,590 / ) / ( 6,343 / )
Total stockholders’ equity .............. $ / 343,479 / $ / 268,477 / $ / 206,223
Cash dividends declared per common share ... $ / 3.32 / $ / 3.00 / $ / 2.72
Refer to accompanying notes.
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PART II