Buyback yield (TTM)
3.07%
Shareholder yield (TTM)
3.07%
5Y share count change
-28.4%
Buyback spend (TTM)
$1.77B
Cumulative buybacks
$38.54B
Key takeaways
- AutoZone (AZO) repurchased about $1.77B of stock over the trailing twelve months.
- Diluted share count is down 28.4% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 12.91× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +11.1% per year over the latest 5-year window.
- TTM repurchases used about 108% of free cash flow remaining after dividends.
Dividend & buyback yield over time for AutoZone (AZO)
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 AutoZone (AZO)
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 AutoZone (AZO)
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 AutoZone (AZO)
Latest: $1.58B
Overview
AutoZone (AZO) most recent annual buyback spend stands at $1.58B (2025) – plunged 49.8% year-over-year.
Looking at the 2020–2025 (5 years) stretch, AutoZone buyback spend compounded at +11.1% per year, with mixed annual results across the window.
AutoZone buyback spend peaked at $4.36B in 2022; the latest annual figure is $1.58B in 2025 (63.8% below peak).
The record annual buyback spend stands at $4.36B, reached in 2022; the historical low of $0.00 was recorded in 1990.
AutoZone Buyback Spend 2025: $1.58B
AutoZone buyback spend in 2025 was $1.58B, plunged 49.8% below 2024.
AutoZone Buyback Spend 2024: $3.14B
2024's buyback spend for AutoZone came in at $3.14B, declined 15.1% below 2023.
AutoZone Buyback Spend 2023: $3.70B
AutoZone posted buyback spend of $3.70B in 2023, declined 15.1% below 2022.
AutoZone Buyback Spend 2022: $4.36B
In 2022, AutoZone reported buyback spend of $4.36B, grew 29.1% from 2021. This figure represents the highest annual value in the available history.
AutoZone Buyback Spend 2021: $3.38B
AutoZone buyback spend in 2021 was $3.38B.
See more financial history for AutoZone (AZO).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.58B | $124.72M | $1.45B | 2.25% | 0.02B | -3.1% | |
| 2024 | $3.14B | $106.25M | $3.03B | 5.80% | 0.02B | -6.8% | |
| 2023 | $3.70B | $93.09M | $3.61B | 8.34% | 0.02B | -7.9% | |
| 2022 | $4.36B | $70.61M | $4.29B | 10.40% | 0.02B | -9.1% | |
| 2021 | $3.38B | $56.11M | $3.32B | 10.19% | 0.02B | -5.4% | |
| 2020 | $930.90M | $44.84M | $886.07M | 3.35% | 0.02B | -5.5% | |
| 2019 | $2.00B | $43.26M | $1.96B | 7.45% | 0.03B | -7.0% | |
| 2018 | $1.59B | $43.67M | $1.55B | 7.88% | 0.03B | -5.6% | |
| 2017 | $1.07B | $38.24M | $1.03B | 7.25% | 0.03B | -4.7% | |
| 2016 | $1.45B | $39.83M | $1.41B | 6.58% | 0.03B | -5.3% | |
| 2015 | $1.27B | $40.99M | $1.23B | 5.68% | 0.03B | -4.9% | |
| 2014 | $1.10B | $39.39M | $1.06B | 6.28% | 0.03B | -7.4% | |
| 2013 | $1.39B | $37.31M | $1.35B | 9.43% | 0.04B | -7.7% | |
| 2012 | $1.36B | $33.36M | $1.33B | 9.98% | 0.04B | -9.1% | |
| 2011 | $1.47B | $26.63M | $1.44B | 11.87% | 0.04B | -11.6% | |
| 2010 | $1.12B | $19.12M | $1.10B | 11.22% | 0.05B | -11.9% | |
| 2009 | $1.30B | $19.14M | $1.28B | 17.47% | 0.06B | -12.3% | |
| 2008 | $849.20M | $18.39M | $830.81M | 10.61% | 0.06B | -8.5% | |
| 2007 | $761.89M | $0.00 | $761.89M | 9.53% | 0.07B | -7.9% | |
| 2006 | $578.07M | $0.00 | $578.07M | 9.33% | 0.08B | -4.6% | |
| 2005 | $426.85M | $0.00 | $426.85M | 5.84% | 0.08B | -8.0% | |
| 2004 | $848.10M | $0.00 | $848.10M | 14.12% | 0.09B | -11.2% | |
| 2003 | $891.10M | $0.00 | $891.10M | 10.94% | 0.10B | -9.2% | |
| 2002 | $698.98M | $0.00 | $698.98M | 9.78% | 0.11B | -5.9% | |
| 2001 | $366.10M | $0.00 | $366.10M | 7.14% | 0.11B | -17.4% | |
| 2000 | $639.92M | $0.00 | $639.92M | — | 0.14B | -8.2% | |
| 1999 | $234.60M | $0.00 | $234.60M | — | 0.15B | -2.5% | |
| 1998 | $28.70M | $0.00 | $28.70M | — | 0.15B | +1.1% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.15B | +1.1% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.15B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 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 | — | — | — |
- 2025$1.58B
- 2024$3.14B
- 2023$3.70B
- 2022$4.36B
- 2021$3.38B
- 2020$930.90M
- 2019$2.00B
- 2018$1.59B
- 2017$1.07B
- 2016$1.45B
- 2015$1.27B
- 2014$1.10B
- 2013$1.39B
- 2012$1.36B
- 2011$1.47B
- 2010$1.12B
- 2009$1.30B
- 2008$849.20M
- 2007$761.89M
- 2006$578.07M
- 2005$426.85M
- 2004$848.10M
- 2003$891.10M
- 2002$698.98M
- 2001$366.10M
- 2000$639.92M
- 1999$234.60M
- 1998$28.70M
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
Buybacks vs stock-based compensation for AutoZone (AZO)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 12.91×.
Buybacks vs dividends (share of cash returned) for AutoZone (AZO)
How AutoZone splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as AutoZone, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $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 $1.63B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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