Buyback yield (TTM)
1.97%
Shareholder yield (TTM)
3.80%
5Y share count change
-6.0%
Buyback spend (TTM)
$6.93B
Cumulative buybacks
$177.75B
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.
Dividend & buyback yield over time for Cisco (CSCO)
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 Cisco (CSCO)
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 Cisco (CSCO)
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 Cisco (CSCO)
Latest: $7.22B
Overview
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 $0.00 recorded in 1989.
Cisco Buyback Spend 2025: $7.22B
Cisco posted buyback spend of $7.22B in 2025, grew 6.5% from 2024.
Cisco Buyback Spend 2024: $6.78B
In 2024, Cisco reported buyback spend of $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
2022's buyback spend for Cisco came in at $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $7.22B | $3.64B | $3.58B | 2.66% | 4.00B | -1.6% | |
| 2024 | $6.78B | $3.07B | $3.71B | 3.52% | 4.06B | -1.0% | |
| 2023 | $4.89B | $2.35B | $2.54B | 2.53% | 4.11B | -2.1% | |
| 2022 | $8.38B | $1.89B | $6.50B | 4.12% | 4.19B | -1.0% | |
| 2021 | $3.51B | $1.76B | $1.75B | 1.50% | 4.24B | -0.4% | |
| 2020 | $3.39B | $1.57B | $1.82B | 1.88% | 4.25B | -4.5% | |
| 2019 | $21.58B | $1.57B | $20.01B | 9.12% | 4.45B | -8.8% | |
| 2018 | $18.25B | $1.58B | $16.67B | 9.24% | 4.88B | -3.3% | |
| 2017 | $4.30B | $1.53B | $2.78B | 2.74% | 5.05B | -0.8% | |
| 2016 | $4.47B | $1.46B | $3.01B | 2.89% | 5.09B | -1.1% | |
| 2015 | $4.83B | $1.44B | $3.39B | 3.34% | 5.15B | -2.6% | |
| 2014 | $9.84B | $1.35B | $8.49B | 7.62% | 5.28B | -1.8% | |
| 2013 | $3.10B | $1.12B | $1.98B | 2.26% | 5.38B | -0.4% | |
| 2012 | $4.76B | $1.40B | $3.36B | 5.60% | 5.40B | -2.9% | |
| 2011 | $6.90B | $1.62B | $5.28B | 7.95% | 5.56B | -4.9% | |
| 2010 | $7.86B | $1.52B | $6.35B | 5.99% | 5.85B | -0.2% | |
| 2009 | $3.61B | $1.14B | $2.47B | 2.84% | 5.86B | -5.0% | |
| 2008 | $10.44B | $1.02B | $9.42B | 8.04% | 6.16B | -1.6% | |
| 2007 | $7.68B | $931.00M | $6.75B | 4.38% | 6.26B | -0.1% | |
| 2006 | $8.29B | $1.05B | $7.25B | 7.63% | 6.27B | -5.1% | |
| 2005 | $10.23B | $165.00M | $10.07B | 8.35% | 6.61B | -6.3% | |
| 2004 | $9.08B | $0.00 | $9.08B | 6.44% | 7.06B | -2.3% | |
| 2003 | $5.98B | $0.00 | $5.98B | 4.39% | 7.22B | -3.0% | |
| 2002 | $1.85B | $0.00 | $1.85B | 1.93% | 7.45B | +3.5% | |
| 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 | — | — | — |
- 2025$7.22B
- 2024$6.78B
- 2023$4.89B
- 2022$8.38B
- 2021$3.51B
- 2020$3.39B
- 2019$21.58B
- 2018$18.25B
- 2017$4.30B
- 2016$4.47B
- 2015$4.83B
- 2014$9.84B
- 2013$3.10B
- 2012$4.76B
- 2011$6.90B
- 2010$7.86B
- 2009$3.61B
- 2008$10.44B
- 2007$7.68B
- 2006$8.29B
- 2005$10.23B
- 2004$9.08B
- 2003$5.98B
- 2002$1.85B
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$323.00M
- 1996$115.62M
- 1995$69.88M
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Cisco (CSCO)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 1.73×.
Buybacks vs dividends (share of cash returned) for Cisco (CSCO)
How Cisco splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Cisco, 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 $6.18B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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