Align Technology (ALGN) Stock Buyback History
TTM buyback yield 1.80% · Shareholder yield (TTM) 1.80%.
ALGN
TTM buyback yield
1.80%
Shareholder yield (TTM)
1.80%
5Y share count change
-8.4%
TTM buyback spend
$220.55M
SBC coverage (TTM)
0.81x
YoY change in spend
+32.0%
5Y CAGR of spend
N/A
Peak year (2023)
$592.36M
Cumulative spend
$3.52B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Align Technology (ALGN) repurchased about $220.55M 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 0.81× — repurchases only partially offset SBC dilution.
- TTM repurchases used about 32% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $465.94M | $0.00 | $465.94M | 0.07B | -3.2% | 4.16% |
| 2024 | $352.88M | $173.70M | $179.18M | 0.07B | -2.1% | 2.27% |
| 2023 | $592.36M | $154.03M | $438.33M | 0.08B | -2.4% | 2.86% |
| 2022 | $435.04M | $133.37M | $301.67M | 0.08B | -1.6% | 2.66% |
| 2021 | $375.04M | $114.34M | $260.70M | 0.08B | 0.6% | 0.72% |
| 2020 | $0.00 | $98.43M | −$98.43M | 0.08B | -1.1% | — |
| 2019 | $400.00M | $88.18M | $311.81M | 0.08B | -1.5% | 1.82% |
| 2018 | $300.00M | $70.76M | $229.24M | 0.08B | -0.6% | 1.79% |
| 2017 | $103.79M | $58.85M | $44.94M | 0.08B | 0.4% | 0.58% |
| 2016 | $96.22M | $54.15M | $42.07M | 0.08B | -0.0% | 1.25% |
| 2015 | $101.79M | $52.94M | $48.85M | 0.08B | -0.9% | 1.94% |
| 2014 | $98.23M | $39.82M | $58.41M | 0.08B | -0.4% | 2.18% |
| 2013 | $95.11M | $26.44M | $68.67M | 0.08B | -0.5% | 2.05% |
| 2012 | $47.20M | $21.48M | $25.72M | 0.08B | 3.4% | 2.10% |
| 2011 | $7.75M | $19.16M | −$11.41M | 0.08B | 2.8% | 0.42% |
| 2010 | $0.00 | $16.07M | −$16.07M | 0.08B | 13.0% | — |
| 2009 | $0.00 | $15.09M | −$15.09M | 0.07B | 1.5% | — |
| 2008 | $50.14M | $17.73M | $32.40M | 0.07B | -4.7% | 8.68% |
| 2007 | $0.00 | $12.21M | −$12.21M | 0.07B | 13.0% | — |
| 2006 | $0.00 | $8.91M | −$8.91M | 0.06B | 0.1% | — |
| 2005 | $0.00 | $67.00K | −$67.00K | 0.06B | -1.5% | — |
| 2004 | $1.00K | $5.09M | −$5.09M | 0.06B | 11.0% | 0.00% |
| 2003 | $20.00K | $12.80M | −$12.78M | 0.06B | 20.6% | 0.00% |
| 2002 | $317.00K | $22.21M | −$21.89M | 0.05B | 13.3% | 0.20% |
| 2001 | $53.00K | $0.00 | $53.00K | 0.04B | 661.5% | 0.03% |
| 2000 | $48.00K | $0.00 | $48.00K | 0.01B | 31.5% | — |
| 1999 | $2.00K | $0.00 | $2.00K | 0.00B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Align Technology (ALGN) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Align Technology (ALGN)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Align Technology (ALGN)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $465.94M | +32.0% | +$113.06M | ||
| 2024 | $352.88M | -40.4% | -$239.48M | ||
| 2023 | $592.36M | +36.2% | +$157.32M | ||
| 2022 | $435.04M | +16.0% | +$60.00M | ||
| 2021 | $375.04M | — | +$375.04M | ||
| 2020 | $0 | -100.0% | -$400.00M | ||
| 2019 | $400.00M | +33.3% | +$100.00M | ||
| 2018 | $300.00M | +189.0% | +$196.21M | ||
| 2017 | $103.79M | +7.9% | +$7.58M | ||
| 2016 | $96.22M | -5.5% | -$5.57M | ||
| 2015 | $101.79M | +3.6% | +$3.56M | ||
| 2014 | $98.23M | +3.3% | +$3.13M | ||
| 2013 | $95.11M | +101.5% | +$47.90M | ||
| 2012 | $47.20M | +508.8% | +$39.45M | ||
| 2011 | $7.75M | — | +$7.75M | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | -100.0% | -$50.14M | ||
| 2008 | $50.14M | — | +$50.14M | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | -100.0% | -$1,000 | ||
| 2004 | $1,000 | -95.0% | -$19,000 | ||
| 2003 | $20,000 | -93.7% | -$297,000 | ||
| 2002 | $317,000 | +498.1% | +$264,000 | ||
| 2001 | $53,000 | +10.4% | +$5,000 | ||
| 2000 | $48,000 | +2300.0% | +$46,000 | ||
| 1999 | $2,000 | — | — |
2025's annual buyback spend for Align Technology (ALGN) came in at $465.94M – surged 32.0% year-over-year.
Through 2015–2025 (10 years), Align Technology buyback spend delivered a +16.4% annualised rate; with the latest reading among the more recent periods of the dataset.
Align Technology buyback spend peaked at $592.36M in 2023; the latest annual figure is $465.94M in 2025 (21.3% below peak).
The dataset's maximum buyback spend sits at $592.36M (2023); the minimum reading of $0 dates to 2005.
Among 8 Healthcare peers, Align Technology (ALGN) ranks 8th; the peer median for buyback spend is $2.75B.
Align Technology Buyback Spend 2025: $465.94M
Align Technology buyback spend in 2025 was $465.94M, surged 32.0% from 2024.
Align Technology Buyback Spend 2024: $352.88M
Align Technology buyback spend in 2024 was $352.88M, plunged 40.4% below 2023.
Align Technology Buyback Spend 2023: $592.36M
Align Technology buyback spend in 2023 was $592.36M, surged 36.2% from 2022. This figure represents the highest annual value in the available history.
Align Technology Buyback Spend 2022: $435.04M
Align Technology buyback spend in 2022 was $435.04M, grew 16.0% from 2021.
Align Technology Buyback Spend 2021: $375.04M
Align Technology buyback spend in 2021 was $375.04M.
See more financial history for Align Technology (ALGN).
Sector peers by buyback spend
Companies in the same sector as Align Technology, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Johnson & Johnson (JNJ) | $5.95B | Healthcare |
| UnitedHealth Group (UNH) | $5.54B | Healthcare |
| Merck & Co. (MRK) | $5.08B | Healthcare |
| Eli Lilly (LLY) | $4.11B | Healthcare |
| Novo Nordisk (NVO) | $1.39B | Healthcare |
| AbbVie (ABBV) | $980.00M | Healthcare |
| AstraZeneca (AZN) | $719.66M | Healthcare |
| Amgen (AMGN) | $0 | Healthcare |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
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.
Dividend & buyback yield over time
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.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.81×.
Capital allocation mix
How Align Technology splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
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 $686.09M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Align Technology's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Align Technology buy back its own stock?
Yes, Align Technology (ALGN) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Align Technology spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $220.55M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Align Technology's buyback yield?
TTM buyback yield is about 1.80% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Align Technology's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 1.80% combined (TTM-based where available).
Is Align Technology diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Align Technology's share count changed?
Diluted weighted average shares changed by about -8.4% over roughly five fiscal years (annual income statement data).
What is Align Technology's buyback spend?
Latest reported buyback spend for Align Technology (ALGN) is $220.55M (period ending March 31, 2026).
How has Align Technology buyback spend changed year-over-year?
Align Technology (ALGN) buyback spend changed +32.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Align Technology buyback spend?
Align Technology (ALGN) buyback spend compound annual growth rate is +16.4% over the most recent 10 years available.
When did Align Technology buyback spend hit its highest annual value?
Align Technology buyback spend reached its highest annual value of $592.36M in 2023.
What was Align Technology buyback spend in 2024?
Align Technology (ALGN) buyback spend in 2024 was $352.88M.
What was Align Technology buyback spend in 2025?
Align Technology (ALGN) buyback spend in 2025 was $465.94M.
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