Buyback yield (TTM)
1.62%
Shareholder yield (TTM)
1.62%
5Y share count change
59.1%
Buyback spend (TTM)
$2.17B
Cumulative buybacks
$4.67B
Key takeaways
- AppLovin (APP) repurchased about $2.17B of stock over the trailing twelve months.
- Diluted share count is up 59.1% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 9.34× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +315.7% per year over the latest 5-year window.
- TTM repurchases used about 49% of free cash flow remaining after dividends.
Dividend & buyback yield over time for AppLovin (APP)
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 AppLovin (APP)
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 AppLovin (APP)
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 AppLovin (APP)
Latest: $2.19B
Overview
The 2025 reading of AppLovin (APP) buyback spend is $2.19B – surged 123.4% year-over-year.
AppLovin buyback spend compound annual growth for the 2020–2025 (5 years) window is +315.7%, with mixed annual results across the window.
The record annual buyback spend stands at $2.19B, reached in 2025; the historical low of $0.00 was recorded in 2018.
AppLovin Buyback Spend 2025: $2.19B
AppLovin buyback spend in 2025 was $2.19B, surged 123.4% from 2024. This figure represents the highest annual value in the available history.
AppLovin Buyback Spend 2024: $981.30M
2024's buyback spend for AppLovin came in at $981.30M, declined 14.9% below 2023.
AppLovin Buyback Spend 2023: $1.15B
AppLovin posted buyback spend of $1.15B in 2023, surged 240.4% from 2022.
AppLovin Buyback Spend 2022: $338.88M
AppLovin buyback spend in 2022 was $338.88M.
AppLovin Buyback Spend 2021: $0.00
AppLovin buyback spend in 2021 was $0.00.
See more financial history for AppLovin (APP).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $2.19B | $210.42M | $1.98B | 0.96% | 0.34B | -1.7% | |
| 2024 | $981.30M | $369.37M | $611.93M | 0.89% | 0.35B | -4.1% | |
| 2023 | $1.15B | $363.11M | $790.49M | 8.59% | 0.36B | -2.4% | |
| 2022 | $338.88M | $191.61M | $147.27M | 8.69% | 0.37B | +8.4% | |
| 2021 | $0.00 | $133.18M | −$133.18M | — | 0.34B | +59.5% | |
| 2020 | $1.77M | $62.39M | −$60.62M | 0.01% | 0.21B | +1.2% | |
| 2019 | $11.00K | $10.22M | −$10.21M | 0.00% | 0.21B | +12.0% | |
| 2018 | $0.00 | $5.46M | −$5.46M | — | 0.19B | — |
- 2025$2.19B
- 2024$981.30M
- 2023$1.15B
- 2022$338.88M
- 2021$0.00
- 2020$1.77M
- 2019$11.00K
- 2018$0.00
Buybacks vs stock-based compensation for AppLovin (APP)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 9.34×.
Buybacks vs dividends (share of cash returned) for AppLovin (APP)
How AppLovin splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as AppLovin, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $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 $4.40B (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