Buyback yield (TTM)
3.89%
Shareholder yield (TTM)
5.01%
5Y share count change
-9.2%
Buyback spend (TTM)
$5.31B
Cumulative buybacks
$48.82B
Key takeaways
- Dell Technologies (DELL) repurchased about $5.31B of stock over the trailing twelve months.
- Diluted share count is down 9.2% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 7.35× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +30.3% per year over the latest 5-year window.
- TTM repurchases used about 67% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Dell Technologies (DELL)
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 Dell Technologies (DELL)
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 Dell Technologies (DELL)
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 Dell Technologies (DELL)
Latest: $6.01B
Overview
As of the 2026 fiscal year, Dell Technologies (DELL) reported buyback spend of $6.01B – surged 90.0% year-over-year.
Dell Technologies buyback spend has grown for 2 consecutive years, with a +30.3% compound annual growth rate over 2023–2026 (5 years).
Dell Technologies buyback spend plunged from $14.49B in 2019 to $6.01B in 2026, a 58.5% drawdown.
The record annual buyback spend stands at $14.49B, reached in 2019; the historical low of $0.00 was recorded in 2014.
Dell Technologies Buyback Spend 2026: $6.01B
2026's buyback spend for Dell Technologies came in at $6.01B, surged 90.0% from 2025.
Dell Technologies Buyback Spend 2025: $3.17B
Dell Technologies posted buyback spend of $3.17B in 2025, grew 29.1% from 2024.
Dell Technologies Buyback Spend 2024: $2.45B
In 2024, Dell Technologies reported buyback spend of $2.45B, edged up 0.0% from 2024.
Dell Technologies Buyback Spend 2024: $2.45B
In 2024, Dell Technologies reported buyback spend of $2.45B, declined 25.3% below 2023.
Dell Technologies Buyback Spend 2023: $3.28B
Dell Technologies buyback spend in 2023 was $3.28B.
See more financial history for Dell Technologies (DELL).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2026 | $6.01B | $723.00M | $5.29B | 8.06% | 0.68B | -5.5% | |
| 2025 | $3.17B | $785.00M | $2.38B | 4.39% | 0.72B | -1.6% | |
| 2024 | $2.45B | $878.00M | $1.57B | 4.15% | 0.74B | 0.0% | |
| 2024 | $2.45B | $878.00M | $1.57B | 4.15% | 0.74B | -2.3% | |
| 2023 | $3.28B | $931.00M | $2.35B | 11.28% | 0.75B | 0.0% | |
| 2023 | $3.28B | $931.00M | $2.35B | 11.28% | 0.75B | -4.8% | |
| 2022 | $1.84B | $1.62B | $216.00M | 4.24% | 0.79B | 0.0% | |
| 2022 | $1.84B | $1.62B | $216.00M | 4.31% | 0.79B | +3.1% | |
| 2021 | $1.60B | $1.61B | −$5.00M | 5.71% | 0.77B | 0.0% | |
| 2021 | $1.60B | $1.61B | −$5.00M | 7.03% | 0.77B | +2.1% | |
| 2020 | $3.56B | $1.26B | $2.29B | 19.60% | 0.75B | +4.5% | |
| 2019 | $14.49B | $918.00M | $13.57B | 81.89% | 0.72B | +0.1% | |
| 2018 | $1.83B | $835.00M | $997.00M | 11.87% | 0.72B | 0.0% | |
| 2017 | $1.42B | $398.00M | $1.02B | 10.25% | 0.72B | 0.0% | |
| 2016 | $2.00M | $72.00M | −$70.00M | 0.02% | 0.72B | 0.0% | |
| 2015 | $0.00 | $72.00M | −$72.00M | — | 0.72B | +77.8% | |
| 2014 | $0.00 | $266.00M | −$266.00M | — | 0.40B | — |
- 2026$6.01B
- 2025$3.17B
- 2024$2.45B
- 2024$2.45B
- 2023$3.28B
- 2023$3.28B
- 2022$1.84B
- 2022$1.84B
- 2021$1.60B
- 2021$1.60B
- 2020$3.56B
- 2019$14.49B
- 2018$1.83B
- 2017$1.42B
- 2016$2.00M
- 2015$0.00
- 2014$0.00
Buybacks vs stock-based compensation for Dell Technologies (DELL)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 7.35×.
Buybacks vs dividends (share of cash returned) for Dell Technologies (DELL)
How Dell Technologies splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Dell Technologies, 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 $7.92B (TTM FCF − TTM dividends, clamped at zero).
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Data & methodology
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