D.R. Horton adds $5B to stock buyback plan
D.R. Horton’s board approved an additional $5.0 billion share repurchase authorization and the company now expects at least $3.25 billion of buybacks in fiscal 2026.
Rhea-AI Filing Summary
D.R. Horton, Inc. (DHI) announced that its Board of Directors authorized the repurchase of an additional $5.0 billion of the company’s common stock, with no expiration date on the authorization. This expands the company’s capacity to buy back shares beyond its prior repurchase program.
As of September 15, 2026, the company had approximately $53 million remaining under its prior stock repurchase authorization. D.R. Horton now expects its total fiscal 2026 common stock repurchases to be at least $3.25 billion, indicating a significant planned return of capital through share repurchases.
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Additional stock repurchase authorization: $5.0 billion
Remaining prior repurchase authorization: $53 million
Expected fiscal 2026 share repurchases: $3.25 billion
+1 more
4 metrics
Additional stock repurchase authorization
$5.0 billion
Authorized by the Board of Directors on September 15, 2026
Remaining prior repurchase authorization
$53 million
Amount remaining under prior stock repurchase authorization at September 15, 2026
Expected fiscal 2026 share repurchases
$3.25 billion
Company’s expectation for total fiscal 2026 common stock repurchases
Senior Notes coupon rate
5.000%
Coupon on NYSE Texas 5.000% Senior Notes due 2034 listed under symbol DHI 34
Key Terms
stock repurchase, stock repurchase authorization, Senior Notes, Emerging growth company
4 terms
stock repurchase financial
"authorized the repurchase of an additional $5.0 billion of the Company’s common stock"
A stock repurchase is when a company buys back its own shares from the market, reducing the number of shares available to investors. That matters because shrinking the share count can raise the profit attributed to each remaining share and increase each shareholder’s ownership slice, often signaling management thinks the stock is undervalued; however, it also uses corporate cash that could have been spent on growth or paid as dividends.
stock repurchase authorization financial
"remaining under its prior stock repurchase authorization"
A stock repurchase authorization is board approval for a company to buy back its own shares up to a stated amount or time period, using its cash or borrowed funds. For investors it matters because reducing the number of shares outstanding can increase each remaining share’s claim on profits and often signals management’s confidence, but it also uses cash that could have been spent on other priorities — like shrinking a pie so each slice is bigger.
Senior Notes financial
"NYSE Texas 5.000% Senior Notes due 2034"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much remained under D.R. Horton’s prior repurchase authorization as of September 15, 2026?
As of September 15, 2026, D.R. Horton had approximately $53 million remaining under its prior stock repurchase authorization. The new authorization of $5.0 billion is in addition to this remaining amount.
What total common stock repurchases does D.R. Horton (DHI) expect for fiscal 2026?
D.R. Horton states that it now expects its total fiscal 2026 repurchases of common stock to be at least $3.25 billion. This figure reflects the company’s current expectations for buybacks during the fiscal year.
Does D.R. Horton’s new repurchase authorization have an expiration date?
No. D.R. Horton specifies that the additional $5.0 billion stock repurchase authorization approved on September 15, 2026 has no expiration date, allowing the company to execute repurchases over an open-ended period.
Who signed the D.R. Horton (DHI) report about the new buyback authorization?
The report was signed on behalf of D.R. Horton by Bill W. Wheat, who is identified as the company’s Executive Vice President and Chief Financial Officer, dated September 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
