Buyback yield (TTM)
6.83%
Shareholder yield (TTM)
9.55%
5Y share count change
-14.2%
Buyback spend (TTM)
$24.15B
Cumulative buybacks
$193.88B
Key takeaways
- Bank of America (BAC) repurchased about $24.15B of stock over the trailing twelve months.
- Diluted share count is down 14.2% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 5.99× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +28.0% per year over the latest 5-year window.
- TTM repurchases used about 51% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Bank of America (BAC)
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 Bank of America (BAC)
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 Bank of America (BAC)
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 Bank of America (BAC)
Latest: $24.10B
Overview
In 2025, Bank of America (BAC) buyback spend totalled $24.10B – surged 83.9% year-over-year.
Over 2020–2025 (5 years), Bank of America buyback spend expanded at a +28.0% compound annual rate, sustaining 2 straight years of year-over-year growth.
Bank of America buyback spend peaked at $28.14B in 2019; the latest annual figure is $24.10B in 2025 (14.4% below peak).
2019 marks the peak buyback spend at $28.14B, with the historical low of $0.00 recorded in 1992.
Bank of America Buyback Spend 2025: $24.10B
Bank of America posted buyback spend of $24.10B in 2025, surged 83.9% from 2024.
Bank of America Buyback Spend 2024: $13.10B
In 2024, Bank of America reported buyback spend of $13.10B, surged 186.4% from 2023.
Bank of America Buyback Spend 2023: $4.58B
Bank of America buyback spend in 2023 was $4.58B, declined 9.8% below 2022.
Bank of America Buyback Spend 2022: $5.07B
2022's buyback spend for Bank of America came in at $5.07B, plunged 79.8% below 2021.
Bank of America Buyback Spend 2021: $25.13B
Bank of America buyback spend in 2021 was $25.13B.
See more financial history for Bank of America (BAC).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $24.10B | $4.00B | $20.10B | 5.95% | 7.55B | -3.8% | |
| 2024 | $13.10B | $3.43B | $9.67B | 3.85% | 7.84B | -2.9% | |
| 2023 | $4.58B | $2.94B | $1.63B | 1.70% | 8.08B | -1.1% | |
| 2022 | $5.07B | $2.86B | $2.21B | 1.89% | 8.17B | -4.6% | |
| 2021 | $25.13B | $2.77B | $22.36B | 6.87% | 8.56B | -2.7% | |
| 2020 | $7.03B | $2.03B | $4.99B | 2.66% | 8.80B | -6.8% | |
| 2019 | $28.14B | $1.97B | $26.17B | 8.86% | 9.44B | -7.8% | |
| 2018 | $24.61B | $1.73B | $22.88B | 10.13% | 10.24B | -5.0% | |
| 2017 | $12.81B | $1.65B | $11.16B | 4.15% | 10.78B | -2.4% | |
| 2016 | $5.11B | $1.37B | $3.75B | 2.27% | 11.05B | -1.7% | |
| 2015 | $2.37B | $89.00M | $2.29B | 1.36% | 11.24B | +6.2% | |
| 2014 | $1.68B | $78.00M | $1.60B | 0.89% | 10.58B | -7.9% | |
| 2013 | $9.68B | $0.00 | $9.68B | 5.85% | 11.49B | +6.0% | |
| 2012 | $0.00 | $2.27B | −$2.27B | — | 10.84B | +5.7% | |
| 2011 | $0.00 | $0.00 | $0.00 | — | 10.25B | +4.7% | |
| 2010 | $0.00 | $0.00 | $0.00 | — | 9.79B | +26.7% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 7.73B | +5.5% | |
| 2008 | $0.00 | $0.00 | $0.00 | — | 7.33B | 0.0% | |
| 2007 | $3.79B | $0.00 | $3.79B | 2.07% | 7.33B | 0.0% | |
| 2006 | $14.63B | $0.00 | $14.63B | 6.18% | 7.33B | 0.0% | |
| 2005 | $5.76B | $0.00 | $5.76B | 2.71% | 7.33B | 0.0% | |
| 2004 | $6.29B | $0.00 | $6.29B | 3.32% | 7.33B | +141.8% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 3.03B | -3.2% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 3.13B | -3.6% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 3.25B | -2.3% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 3.32B | -5.5% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 3.52B | +200.6% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 1.17B | +2.3% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 1.14B | -4.9% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 1.20B | — | |
| 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 | — | — | — |
- 2025$24.10B
- 2024$13.10B
- 2023$4.58B
- 2022$5.07B
- 2021$25.13B
- 2020$7.03B
- 2019$28.14B
- 2018$24.61B
- 2017$12.81B
- 2016$5.11B
- 2015$2.37B
- 2014$1.68B
- 2013$9.68B
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$3.79B
- 2006$14.63B
- 2005$5.76B
- 2004$6.29B
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
Buybacks vs stock-based compensation for Bank of America (BAC)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 5.99×.
Buybacks vs dividends (share of cash returned) for Bank of America (BAC)
How Bank of America splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Bank of America, ranked by their latest buyback spend.
| $34.59B | |
| $19.52B | |
| $18.25B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $19.52B
- $18.25B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
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 $46.93B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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