Buyback yield (TTM)
1.29%
Shareholder yield (TTM)
1.29%
5Y share count change
-8.4%
Buyback spend (TTM)
$156M
Cumulative buybacks
$3.52B
Key takeaways
- Align Technology (ALGN) repurchased about $156M of stock over the trailing twelve months.
- Diluted share count is down 8.4% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 0.58× — repurchases only partially offset SBC dilution.
- TTM repurchases used about 21% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Align Technology (ALGN)
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 Align Technology (ALGN)
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 Align Technology (ALGN)
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 Align Technology (ALGN)
Latest: $466M
Overview
2025's annual buyback spend for Align Technology (ALGN) came in at $466M – surged 32.0% year-over-year.
Through 2015–2025 (10 years), Align Technology buyback spend delivered a +16.4% annualised rate; with mixed annual results across the window.
Align Technology buyback spend peaked at $592M in 2023; the latest annual figure is $466M in 2025 (21.3% below peak).
The record annual buyback spend stands at $592M, reached in 2023; the historical low of $0.00 was recorded in 2005.
Align Technology Buyback Spend 2025: $466M
Align Technology buyback spend in 2025 was $466M, surged 32.0% from 2024.
Align Technology Buyback Spend 2024: $353M
2024's buyback spend for Align Technology came in at $353M, plunged 40.4% below 2023.
Align Technology Buyback Spend 2023: $592M
Align Technology posted buyback spend of $592M in 2023, surged 36.2% from 2022. This figure represents the highest annual value in the available history.
Align Technology Buyback Spend 2022: $435M
In 2022, Align Technology reported buyback spend of $435M, grew 16.0% from 2021.
Align Technology Buyback Spend 2021: $375M
Align Technology buyback spend in 2021 was $375M.
See more financial history for Align Technology (ALGN).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $466M | $186M | $280M | 4.16% | 72.6M | -3.2% | |
| 2024 | $353M | $174M | $179M | 2.27% | 75M | -2.1% | |
| 2023 | $592M | $154M | $438M | 2.86% | 76.6M | -2.4% | |
| 2022 | $435M | $133M | $302M | 2.66% | 78.4M | -1.6% | |
| 2021 | $375M | $114M | $261M | 0.72% | 79.7M | +0.6% | |
| 2020 | $0.00 | $98.4M | -$98.4M | — | 79.2M | -1.1% | |
| 2019 | $400M | $88.2M | $312M | 1.82% | 80.1M | -1.5% | |
| 2018 | $300M | $70.8M | $229M | 1.79% | 81.4M | -0.6% | |
| 2017 | $104M | $58.9M | $44.9M | 0.58% | 81.8M | +0.4% | |
| 2016 | $96.2M | $54.1M | $42.1M | 1.25% | 81.5M | -0.0% | |
| 2015 | $102M | $52.9M | $48.8M | 1.94% | 81.5M | -0.9% | |
| 2014 | $98.2M | $39.8M | $58.4M | 2.18% | 82.3M | -0.4% | |
| 2013 | $95.1M | $26.4M | $68.7M | 2.05% | 82.6M | -0.5% | |
| 2012 | $47.2M | $21.5M | $25.7M | 2.10% | 83M | +3.4% | |
| 2011 | $7.75M | $19.2M | -$11.4M | 0.42% | 80.3M | +2.8% | |
| 2010 | $0.00 | $16.1M | -$16.1M | — | 78.1M | +13.0% | |
| 2009 | $0.00 | $15.1M | -$15.1M | — | 69.1M | +1.5% | |
| 2008 | $50.1M | $17.7M | $32.4M | 8.68% | 68.1M | -4.7% | |
| 2007 | $0.00 | $12.2M | -$12.2M | — | 71.4M | +13.0% | |
| 2006 | $0.00 | $8.91M | -$8.91M | — | 63.2M | +0.1% | |
| 2005 | $0.00 | $67K | -$67K | — | 63.2M | -1.5% | |
| 2004 | $1K | $5.09M | -$5.09M | 0.00% | 64.1M | +11.0% | |
| 2003 | $20K | $12.8M | -$12.8M | 0.00% | 57.8M | +20.6% | |
| 2002 | $317K | $22.2M | -$21.9M | 0.20% | 47.9M | +13.3% | |
| 2001 | $53K | $0.00 | $53K | 0.03% | 42.2M | +661.5% | |
| 2000 | $48K | $0.00 | $48K | — | 5.55M | +31.5% | |
| 1999 | $2K | $0.00 | $2K | — | 4.22M | — |
- 2025$466M
- 2024$353M
- 2023$592M
- 2022$435M
- 2021$375M
- 2020$0.00
- 2019$400M
- 2018$300M
- 2017$104M
- 2016$96.2M
- 2015$102M
- 2014$98.2M
- 2013$95.1M
- 2012$47.2M
- 2011$7.75M
- 2010$0.00
- 2009$0.00
- 2008$50.1M
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$1K
- 2003$20K
- 2002$317K
- 2001$53K
- 2000$48K
- 1999$2K
Buybacks vs stock-based compensation for Align Technology (ALGN)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.58×.
Buybacks vs dividends (share of cash returned) for Align Technology (ALGN)
How Align Technology splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Align Technology, ranked by their latest buyback spend.
| $5.95B | |
| $5.55B | |
| $5.08B | |
| $4.11B | |
| $3B | |
| $980M | |
| $0.00 | |
| $0.00 |
- $5.95B
- $5.55B
- $5.08B
- $4.11B
- $980M
- $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 $756M (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
How this company returns cash to shareholders — buybacks, dividends, and stock splits.