Cisco (CSCO) Stock Buyback History
TTM buyback yield 1.97% · Shareholder yield (TTM) 1.97%.
CSCO
TTM buyback yield
1.97%
Shareholder yield (TTM)
1.97%
5Y share count change
-6.0%
TTM buyback spend
$6.93B
SBC coverage (TTM)
1.73x
YoY change in spend
+6.5%
5Y CAGR of spend
+16.4%
Peak year (2019)
$21.58B
Cumulative spend
$177.75B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Cisco (CSCO) repurchased about $6.93B of stock over the trailing twelve months.
- Diluted share count is down 6.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 1.73× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +16.4% per year over the latest 5-year window.
- TTM repurchases used about 112% 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 | $7.22B | $3.64B | $3.58B | 4.00B | -1.6% | 2.66% |
| 2024 | $6.78B | $3.07B | $3.71B | 4.06B | -1.0% | 3.52% |
| 2023 | $4.89B | $2.35B | $2.54B | 4.11B | -2.1% | 2.53% |
| 2022 | $8.38B | $1.89B | $6.50B | 4.19B | -1.0% | 4.12% |
| 2021 | $3.51B | $1.76B | $1.75B | 4.24B | -0.4% | 1.50% |
| 2020 | $3.39B | $1.57B | $1.82B | 4.25B | -4.5% | 1.88% |
| 2019 | $21.58B | $1.57B | $20.01B | 4.45B | -8.8% | 9.12% |
| 2018 | $18.25B | $1.58B | $16.67B | 4.88B | -3.3% | 9.24% |
| 2017 | $4.30B | $1.53B | $2.78B | 5.05B | -0.8% | 2.74% |
| 2016 | $4.47B | $1.46B | $3.01B | 5.09B | -1.1% | 2.89% |
| 2015 | $4.83B | $1.44B | $3.39B | 5.15B | -2.6% | 3.34% |
| 2014 | $9.84B | $1.35B | $8.49B | 5.28B | -1.8% | 7.62% |
| 2013 | $3.10B | $1.12B | $1.98B | 5.38B | -0.4% | 2.26% |
| 2012 | $4.76B | $1.40B | $3.36B | 5.40B | -2.9% | 5.60% |
| 2011 | $6.90B | $1.62B | $5.28B | 5.56B | -4.9% | 7.95% |
| 2010 | $7.86B | $1.52B | $6.35B | 5.85B | -0.2% | 5.99% |
| 2009 | $3.61B | $1.14B | $2.47B | 5.86B | -5.0% | 2.84% |
| 2008 | $10.44B | $1.02B | $9.42B | 6.16B | -1.6% | 8.04% |
| 2007 | $7.68B | $931.00M | $6.75B | 6.26B | -0.1% | 4.38% |
| 2006 | $8.29B | $1.05B | $7.25B | 6.27B | -5.1% | 7.63% |
| 2005 | $10.23B | $165.00M | $10.07B | 6.61B | -6.3% | 8.35% |
| 2004 | $9.08B | $0.00 | $9.08B | 7.06B | -2.3% | 6.44% |
| 2003 | $5.98B | $0.00 | $5.98B | 7.22B | -3.0% | 4.39% |
| 2002 | $1.85B | $0.00 | $1.85B | 7.45B | 3.5% | 1.93% |
| 2001 | $0.00 | $0.00 | $0.00 | 7.20B | -3.3% | — |
| 2000 | $0.00 | $0.00 | $0.00 | 7.44B | 5.3% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 7.06B | 6.1% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 6.66B | 6.4% | — |
| 1997 | $323.00M | $0.00 | $323.00M | 6.26B | 5.0% | — |
| 1996 | $115.62M | $0.00 | $115.62M | 5.96B | — | — |
| 1995 | $69.88M | $0.00 | $69.88M | — | — | — |
| 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 | — | — | — |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Cisco (CSCO) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Cisco (CSCO)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Cisco (CSCO)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $7.22B | +6.5% | +$443.00M | ||
| 2024 | $6.78B | +38.6% | +$1.89B | ||
| 2023 | $4.89B | -41.7% | -$3.49B | ||
| 2022 | $8.38B | +138.6% | +$4.87B | ||
| 2021 | $3.51B | +3.8% | +$127.00M | ||
| 2020 | $3.39B | -84.3% | -$18.19B | ||
| 2019 | $21.58B | +18.2% | +$3.33B | ||
| 2018 | $18.25B | +324.0% | +$13.95B | ||
| 2017 | $4.30B | -3.6% | -$162.00M | ||
| 2016 | $4.47B | -7.5% | -$360.00M | ||
| 2015 | $4.83B | -51.0% | -$5.02B | ||
| 2014 | $9.84B | +217.2% | +$6.74B | ||
| 2013 | $3.10B | -34.8% | -$1.66B | ||
| 2012 | $4.76B | -31.0% | -$2.14B | ||
| 2011 | $6.90B | -12.3% | -$968.00M | ||
| 2010 | $7.86B | +117.8% | +$4.25B | ||
| 2009 | $3.61B | -65.4% | -$6.83B | ||
| 2008 | $10.44B | +35.9% | +$2.76B | ||
| 2007 | $7.68B | -7.4% | -$614.00M | ||
| 2006 | $8.29B | -19.0% | -$1.94B | ||
| 2005 | $10.23B | +12.7% | +$1.16B | ||
| 2004 | $9.08B | +51.7% | +$3.10B | ||
| 2003 | $5.98B | +222.8% | +$4.13B | ||
| 2002 | $1.85B | — | +$1.85B | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | -100.0% | -$323.00M | ||
| 1997 | $323.00M | +179.4% | +$207.38M | ||
| 1996 | $115.62M | +65.5% | +$45.74M | ||
| 1995 | $69.88M | — | +$69.88M | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | $0 | ||
| 1990 | $0 | — | $0 | ||
| 1989 | $0 | — | — |
In 2025, Cisco (CSCO) buyback spend totalled $7.22B – grew 6.5% year-over-year.
Through 2020–2025 (5 years), Cisco buyback spend delivered a +16.4% annualised rate; sustaining 2 straight years of year-over-year growth.
Cisco buyback spend plunged from $21.58B in 2019 to $7.22B in 2025, a 66.5% drawdown.
2019 marks the peak buyback spend at $21.58B, with the historical low of $0 recorded in 1989.
Among 8 Technology peers, Cisco (CSCO) ranks 4th; the peer median for buyback spend is $6.01B.
Cisco Buyback Spend 2025: $7.22B
Cisco buyback spend in 2025 was $7.22B, grew 6.5% from 2024.
Cisco Buyback Spend 2024: $6.78B
Cisco buyback spend in 2024 was $6.78B, surged 38.6% from 2023.
Cisco Buyback Spend 2023: $4.89B
Cisco buyback spend in 2023 was $4.89B, plunged 41.7% below 2022.
Cisco Buyback Spend 2022: $8.38B
Cisco buyback spend in 2022 was $8.38B, surged 138.6% from 2021.
Cisco Buyback Spend 2021: $3.51B
Cisco buyback spend in 2021 was $3.51B.
See more financial history for Cisco (CSCO).
Sector peers by buyback spend
Companies in the same sector as Cisco, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Apple (AAPL) | $90.71B | Technology |
| NVIDIA (NVDA) | $40.09B | Technology |
| Microsoft (MSFT) | $18.42B | Technology |
| Broadcom (AVGO) | $6.31B | Technology |
| ASML (ASML) | $5.72B | Technology |
| AMD (AMD) | $1.32B | Technology |
| TSMC (TSM) | $0 | Technology |
| Micron Technology (MU) | $0 | Technology |
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: 1.73×.
Capital allocation mix
How Cisco 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 $6.18B (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 Cisco'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 Cisco buy back its own stock?
Yes, Cisco (CSCO) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Cisco spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $6.93B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Cisco's buyback yield?
TTM buyback yield is about 1.97% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Cisco's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 1.97% combined (TTM-based where available).
Is Cisco 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 Cisco's share count changed?
Diluted weighted average shares changed by about -6.0% over roughly five fiscal years (annual income statement data).
What is Cisco's buyback spend?
Latest reported buyback spend for Cisco (CSCO) is $6.93B (period ending April 25, 2026).
How has Cisco buyback spend changed year-over-year?
Cisco (CSCO) buyback spend changed +6.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Cisco buyback spend?
Cisco (CSCO) buyback spend compound annual growth rate is +16.4% over the most recent 5 years available.
When did Cisco buyback spend hit its highest annual value?
Cisco buyback spend reached its highest annual value of $21.58B in 2019.
What was Cisco buyback spend in 2024?
Cisco (CSCO) buyback spend in 2024 was $6.78B.
What was Cisco buyback spend in 2025?
Cisco (CSCO) buyback spend in 2025 was $7.22B.
Explore more
CSCO Overview
Company profile, financial tools, and key metrics
CSCO Revenue Counter
Earns $1,926 every second. See per minute, hour, and day.
CSCO Earnings Counter
Earns $379.19 per second net profit. See per minute, hour, and day.
CSCO Economic Scale
Exceeds Bolivia's GDP. Compare with world economies.
CSCO What If Invested
What if you had invested $1,000? See historical returns from any date.
CSCO How It Makes Money
Discover visual breakdown of $60.75B in revenue — where it comes from and where it goes.
CSCO Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
CSCO Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
CSCO Daily Price Character
Balanced · 50.7% historical win rate (green days). Streaks & record days.
CSCO Stock Split History
9 splits on record. Dates, ratios, and cumulative multiple.
CSCO Dividend Profile
Yield: 1.44%. Safety: 6/8. See full history.
CSCO Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
CSCO Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
CSCO Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
CSCO Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.