Buyback yield (TTM)
6.45%
Shareholder yield (TTM)
8.57%
5Y share count change
-25.7%
Buyback spend (TTM)
$3.63B
Cumulative buybacks
$30.86B
Key takeaways
- Aflac (AFL) repurchased about $3.63B of stock over the trailing twelve months.
- Diluted share count is down 25.7% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 129.64× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +18.1% per year over the latest 5-year window.
- TTM repurchases used about 209% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Aflac (AFL)
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 Aflac (AFL)
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 Aflac (AFL)
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 Aflac (AFL)
Latest: $3.53B
Overview
In 2025, Aflac (AFL) buyback spend totalled $3.53B – grew 26.1% year-over-year.
Aflac buyback spend compound annual growth for the 2020–2025 (5 years) window is +18.1%, with mixed annual results across the window.
Across the available history, buyback spend reached its high of $3.53B in 2025 and its low of $0.00 in 1989.
Aflac Buyback Spend 2025: $3.53B
Aflac posted buyback spend of $3.53B in 2025, grew 26.1% from 2024. This figure represents the highest annual value in the available history.
Aflac Buyback Spend 2024: $2.80B
In 2024, Aflac reported buyback spend of $2.80B, edged down 0.0% below 2023.
Aflac Buyback Spend 2023: $2.80B
Aflac buyback spend in 2023 was $2.80B, grew 16.7% from 2022.
Aflac Buyback Spend 2022: $2.40B
2022's buyback spend for Aflac came in at $2.40B, edged up 4.3% from 2021.
Aflac Buyback Spend 2021: $2.30B
Aflac buyback spend in 2021 was $2.30B.
See more financial history for Aflac (AFL).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $3.53B | $0.00 | $3.53B | 6.04% | 0.53B | -5.8% | |
| 2024 | $2.80B | $0.00 | $2.80B | 4.85% | 0.57B | -5.6% | |
| 2023 | $2.80B | $0.00 | $2.80B | 5.83% | 0.60B | -6.1% | |
| 2022 | $2.40B | $0.00 | $2.40B | 5.38% | 0.64B | -5.8% | |
| 2021 | $2.30B | $0.00 | $2.30B | 5.98% | 0.68B | -5.5% | |
| 2020 | $1.54B | $0.00 | $1.54B | 5.02% | 0.72B | -4.1% | |
| 2019 | $1.63B | $0.00 | $1.63B | 4.19% | 0.75B | -3.6% | |
| 2018 | $1.30B | $0.00 | $1.30B | 3.80% | 0.77B | -2.9% | |
| 2017 | $1.35B | $0.00 | $1.35B | 3.92% | 0.80B | -3.6% | |
| 2016 | $1.42B | $0.00 | $1.42B | 5.09% | 0.83B | -4.4% | |
| 2015 | $1.31B | $0.00 | $1.31B | 5.24% | 0.87B | -4.6% | |
| 2014 | $1.21B | $0.00 | $1.21B | 4.44% | 0.91B | -2.9% | |
| 2013 | $813.00M | $0.00 | $813.00M | 2.63% | 0.93B | -0.4% | |
| 2012 | $118.00M | $0.00 | $118.00M | 0.48% | 0.94B | -0.0% | |
| 2011 | $308.00M | $0.00 | $308.00M | 1.53% | 0.94B | -0.8% | |
| 2010 | $121.00M | $0.00 | $121.00M | 0.46% | 0.95B | +0.9% | |
| 2009 | $10.00M | $0.00 | $10.00M | 0.05% | 0.94B | -2.0% | |
| 2008 | $1.49B | $0.00 | $1.49B | 6.97% | 0.96B | -3.1% | |
| 2007 | $606.00M | $0.00 | $606.00M | 2.02% | 0.99B | -1.6% | |
| 2006 | $470.00M | $0.00 | $470.00M | 2.08% | 1.00B | -1.2% | |
| 2005 | $438.00M | $0.00 | $438.00M | 1.89% | 1.02B | -1.7% | |
| 2004 | $392.00M | $0.00 | $392.00M | 1.96% | 1.03B | -1.1% | |
| 2003 | $343.00M | $0.00 | $343.00M | 1.86% | 1.04B | -1.2% | |
| 2002 | $346.00M | $0.00 | $346.00M | 2.23% | 1.06B | -1.7% | |
| 2001 | $350.00M | $0.00 | $350.00M | 2.74% | 1.07B | -1.4% | |
| 2000 | $239.00M | $0.00 | $239.00M | — | 1.09B | -1.1% | |
| 1999 | $224.00M | $0.00 | $224.00M | — | 1.10B | -0.2% | |
| 1998 | $125.00M | $0.00 | $125.00M | — | 1.10B | -1.9% | |
| 1997 | $314.00M | $0.00 | $314.00M | — | 1.13B | -2.9% | |
| 1996 | $204.00M | $0.00 | $204.00M | — | 1.16B | — | |
| 1995 | $224.20M | $0.00 | $224.20M | — | — | — | |
| 1994 | $131.73M | $0.00 | $131.73M | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$3.53B
- 2024$2.80B
- 2023$2.80B
- 2022$2.40B
- 2021$2.30B
- 2020$1.54B
- 2019$1.63B
- 2018$1.30B
- 2017$1.35B
- 2016$1.42B
- 2015$1.31B
- 2014$1.21B
- 2013$813.00M
- 2012$118.00M
- 2011$308.00M
- 2010$121.00M
- 2009$10.00M
- 2008$1.49B
- 2007$606.00M
- 2006$470.00M
- 2005$438.00M
- 2004$392.00M
- 2003$343.00M
- 2002$346.00M
- 2001$350.00M
- 2000$239.00M
- 1999$224.00M
- 1998$125.00M
- 1997$314.00M
- 1996$204.00M
- 1995$224.20M
- 1994$131.73M
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Aflac (AFL)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 129.64×.
Buybacks vs dividends (share of cash returned) for Aflac (AFL)
How Aflac splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Aflac, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
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 $1.74B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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