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Buybacks for Arista Networks (ANET)

TTM repurchases $842.20M · 5Y diluted share change +0.3% · SBC coverage 1.80×.

Analysis

Buyback yield (TTM)

0.55%

Shareholder yield (TTM)

0.55%

5Y share count change

0.3%

Buyback spend (TTM)

$842.20M

Key takeaways

  • Arista Networks (ANET) repurchased about $842.20M of stock over the trailing twelve months.
  • Diluted share count is roughly flat (0.3%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
  • TTM buyback ÷ stock-based-comp ratio of 1.80× — repurchases more than cover SBC dilution.
  • Cash buyback spend has compounded at +32.3% per year over the latest 5-year window.
  • TTM repurchases used about 16% of free cash flow remaining after dividends.

Dividend & buyback yield over time for Arista Networks (ANET)

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 Arista Networks (ANET)

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 Arista Networks (ANET)

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 Arista Networks (ANET)

Latest: $1.60B

Overview

Arista Networks (ANET) most recent annual buyback spend stands at $1.60B (2025) – surged 278.4% year-over-year.

Looking at the 2020–2025 (5 years) stretch, Arista Networks buyback spend compounded at +32.3% per year, sustaining 2 straight years of year-over-year growth.

$1.60B stands as the all-time-high annual buyback spend, posted in 2025, against a low of $0.00 during 2011.

Arista Networks Buyback Spend 2025: $1.60B

Arista Networks posted buyback spend of $1.60B in 2025, surged 278.4% from 2024. This figure represents the highest annual value in the available history.

Arista Networks Buyback Spend 2024: $423.62M

In 2024, Arista Networks reported buyback spend of $423.62M, surged 277.3% from 2023.

Arista Networks Buyback Spend 2023: $112.28M

Arista Networks buyback spend in 2023 was $112.28M, plunged 83.2% below 2022.

Arista Networks Buyback Spend 2022: $670.29M

2022's buyback spend for Arista Networks came in at $670.29M, surged 62.8% from 2021.

Arista Networks Buyback Spend 2021: $411.64M

Arista Networks buyback spend in 2021 was $411.64M.

See more financial history for Arista Networks (ANET).

Buyback, SBC & dilution history

Buyback spend, SBC, net dilution effect, and share count.

  • 2025$1.60B
  • 2024$423.62M
  • 2023$112.28M
  • 2022$670.29M
  • 2021$411.64M
  • 2020$395.17M
  • 2019$266.14M
  • 2018$0.00
  • 2017$0.00
  • 2016$0.00
  • 2015$261.00K
  • 2014$0.00
  • 2013$0.00
  • 2012$0.00
  • 2011$0.00

Buybacks vs stock-based compensation for Arista Networks (ANET)

Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 1.80×.

Buybacks vs dividends (share of cash returned) for Arista Networks (ANET)

How Arista Networks splits cash returned to shareholders between dividends and buybacks.

Sector peers by buyback spend

Companies in the same sector as Arista Networks, ranked by their latest buyback spend.

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.

TTM buybacks vs headroom (FCF − dividends, TTM)16% of headroom

Headroom $5.28B (TTM FCF − TTM dividends, clamped at zero).

Frequently asked questions

Data & methodology

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