Buyback yield (TTM)
2.14%
Shareholder yield (TTM)
2.56%
5Y share count change
-14.4%
Buyback spend (TTM)
$78.20B
Cumulative buybacks
$818.14B
Key takeaways
- Apple (AAPL) repurchased about $78.20B of stock over the trailing twelve months.
- Diluted share count is down 14.4% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 5.80× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +4.6% per year over the latest 5-year window.
- TTM repurchases used about 69% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Apple (AAPL)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Apple (AAPL)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Apple (AAPL)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Apple (AAPL)
Latest: $90.71B
Overview
The 2025 reading of Apple (AAPL) buyback spend is $90.71B – edged down 4.5% year-over-year.
Through 2020–2025 (5 years), Apple buyback spend delivered a +4.6% annualised rate; with mixed annual results across the window.
Apple buyback spend edged down from $94.95B in 2024 to $90.71B in 2025, a 4.5% drawdown.
2024 marks the peak buyback spend at $94.95B, with the historical low of $0.00 recorded in 1994.
Apple Buyback Spend 2025: $90.71B
In 2025, Apple reported buyback spend of $90.71B, edged down 4.5% below 2024.
Apple Buyback Spend 2024: $94.95B
Apple buyback spend in 2024 was $94.95B, grew 22.4% from 2023. This figure represents the highest annual value in the available history.
Apple Buyback Spend 2023: $77.55B
2023's buyback spend for Apple came in at $77.55B, declined 13.3% below 2022.
Apple Buyback Spend 2022: $89.40B
Apple posted buyback spend of $89.40B in 2022, edged up 4.0% from 2021.
Apple Buyback Spend 2021: $85.97B
Apple buyback spend in 2021 was $85.97B.
See more financial history for Apple (AAPL).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $90.71B | $12.86B | $77.85B | 2.38% | 15.00B | -2.6% | |
| 2024 | $94.95B | $11.69B | $83.26B | 2.75% | 15.41B | -2.6% | |
| 2023 | $77.55B | $10.83B | $66.72B | 2.90% | 15.81B | -3.1% | |
| 2022 | $89.40B | $9.04B | $80.36B | 3.71% | 16.33B | -3.2% | |
| 2021 | $85.97B | $7.91B | $78.06B | 3.55% | 16.86B | -3.8% | |
| 2020 | $72.36B | $6.83B | $65.53B | 3.78% | 17.53B | -5.7% | |
| 2019 | $66.90B | $6.07B | $60.83B | 6.62% | 18.60B | -7.0% | |
| 2018 | $72.74B | $5.34B | $67.40B | 6.71% | 20.00B | -4.8% | |
| 2017 | $32.90B | $4.84B | $28.06B | 4.15% | 21.01B | -4.5% | |
| 2016 | $29.72B | $4.21B | $25.51B | 4.91% | 22.00B | -5.1% | |
| 2015 | $35.25B | $3.59B | $31.67B | 5.42% | 23.17B | -5.4% | |
| 2014 | $45.00B | $2.86B | $42.14B | 7.53% | 24.49B | -6.1% | |
| 2013 | $22.86B | $2.25B | $20.61B | 5.12% | 26.09B | -1.4% | |
| 2012 | $0.00 | $1.74B | −$1.74B | — | 26.47B | +0.9% | |
| 2011 | $0.00 | $1.17B | −$1.17B | — | 26.23B | +1.3% | |
| 2010 | $0.00 | $879.00M | −$879.00M | — | 25.89B | +2.0% | |
| 2009 | $0.00 | $710.00M | −$710.00M | — | 25.40B | +0.5% | |
| 2008 | $0.00 | $516.00M | −$516.00M | — | 25.26B | +1.4% | |
| 2007 | $3.00M | $242.00M | −$239.00M | 0.00% | 24.90B | +1.3% | |
| 2006 | $355.00M | $163.00M | $192.00M | 0.54% | 24.57B | +2.4% | |
| 2005 | $0.00 | $49.00M | −$49.00M | — | 23.99B | +10.6% | |
| 2004 | $0.00 | $46.00M | −$46.00M | — | 21.69B | +6.6% | |
| 2003 | $26.00M | $16.00M | $10.00M | 0.35% | 20.35B | +0.5% | |
| 2002 | $0.00 | $5.00M | −$5.00M | — | 20.26B | +4.7% | |
| 2001 | $0.00 | $2.00M | −$2.00M | — | 19.35B | -4.1% | |
| 2000 | $116.00M | $0.00 | $116.00M | — | 20.18B | +3.4% | |
| 1999 | $75.00M | $0.00 | $75.00M | — | 19.51B | +3.7% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 18.81B | +33.2% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 14.12B | +1.9% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 13.86B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $273.00M | $0.00 | $273.00M | — | — | — | |
| 1992 | $212.63M | $0.00 | $212.63M | — | — | — | |
| 1991 | $184.70M | $0.00 | $184.70M | — | — | — | |
| 1990 | $569.60M | $0.00 | $569.60M | — | — | — | |
| 1989 | $12.90M | $0.00 | $12.90M | — | — | — |
- 2025$90.71B
- 2024$94.95B
- 2023$77.55B
- 2022$89.40B
- 2021$85.97B
- 2020$72.36B
- 2019$66.90B
- 2018$72.74B
- 2017$32.90B
- 2016$29.72B
- 2015$35.25B
- 2014$45.00B
- 2013$22.86B
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$3.00M
- 2006$355.00M
- 2005$0.00
- 2004$0.00
- 2003$26.00M
- 2002$0.00
- 2001$0.00
- 2000$116.00M
- 1999$75.00M
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$273.00M
- 1992$212.63M
- 1991$184.70M
- 1990$569.60M
- 1989$12.90M
Buybacks vs stock-based compensation for Apple (AAPL)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 5.80×.
Buybacks vs dividends (share of cash returned) for Apple (AAPL)
How Apple splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Apple, ranked by their latest buyback spend.
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $113.62B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation