Earnings Per Share

12 Months Ended

Jun. 30, 2025

Earnings per share and the weighted average number of diluted shares are computed as follows (dollars in thousands, except per share data):


	Year Ended June 30,
	2025		2024		2023
Net income	$	499,830	$	419,924	$	384,735
Weighted average number of basic shares outstanding	22,247		22,381		23,196
Dilutive effect of RSUs after application of treasury stock method	146		192		217
Weighted average number of diluted shares outstanding	22,393		22,573		23,413
Basic earnings per share	$	22.47	$	18.76	$	16.59
Diluted earnings per share	$	22.32	$	18.60	$	16.43

Share Repurchases

On January 26, 2023, the Board of Directors authorized a share repurchase program of up to $750.0 million of the Company’s common stock (the "2023 Repurchase Program").

On January 30, 2023, CACI entered into an Accelerated Share Repurchase (ASR) Agreement with Citibank, N.A (Citibank). Under the ASR Agreement, we paid $250.0 million to Citibank and received an initial delivery of approximately 0.7 million shares of common stock, which became treasury shares. On August 4, 2023, the ASR was completed and the Company received an additional 0.1 million shares of common stock, which became treasury shares. In total, the Company repurchased 0.8 million shares at an average price per share of $303.57.

During fiscal 2025 and fiscal 2024, CACI repurchased 0.4 million and 0.5 million shares of its outstanding common stock on the open market at an average share price of $344.35 and $318.99, including commissions paid, respectively.

The total remaining authorization for future common share repurchases under the 2023 Repurchase Program was $187.3 million as of June 30, 2025.