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Buybacks for DraftKings (DKNG)

TTM repurchases $735.63M · 5Y diluted share change +62.3% · SBC coverage 2.26×.

Analysis
Capital Return

Buyback yield (TTM)

6.98%

Shareholder yield (TTM)

6.98%

5Y share count change

62.3%

Buyback spend (TTM)

$735.63M

Key takeaways

  • DraftKings (DKNG) repurchased about $735.63M of stock over the trailing twelve months.
  • Diluted share count is up 62.3% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
  • TTM buyback ÷ stock-based-comp ratio of 2.26× — repurchases more than cover SBC dilution.
  • Cash buyback spend has compounded at +23.5% 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 DraftKings (DKNG)

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 DraftKings (DKNG)

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 DraftKings (DKNG)

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 DraftKings (DKNG)

Latest: $829.29M

Overview

2025's annual buyback spend for DraftKings (DKNG) came in at $829.29M – surged 449.3% year-over-year.

Through 2020–2025 (5 years), DraftKings buyback spend delivered a +23.5% annualised rate; sustaining 4 straight years of year-over-year growth.

2025 marks the peak buyback spend at $829.29M, with the historical low of $0.00 recorded in 2017.

DraftKings Buyback Spend 2025: $829.29M

DraftKings buyback spend in 2025 was $829.29M, surged 449.3% from 2024. This figure represents the highest annual value in the available history.

DraftKings Buyback Spend 2024: $150.96M

2024's buyback spend for DraftKings came in at $150.96M, surged 88.6% from 2023.

DraftKings Buyback Spend 2023: $80.05M

DraftKings posted buyback spend of $80.05M in 2023, surged 213.7% from 2022.

DraftKings Buyback Spend 2022: $25.52M

In 2022, DraftKings reported buyback spend of $25.52M, surged 43.1% from 2021.

DraftKings Buyback Spend 2021: $17.83M

DraftKings buyback spend in 2021 was $17.83M.

See more financial history for DraftKings (DKNG).

Buyback, SBC & dilution history

Buyback spend, SBC, net dilution effect, and share count.

  • 2025$829.29M
  • 2024$150.96M
  • 2023$80.05M
  • 2022$25.52M
  • 2021$17.83M
  • 2020$288.79M
  • 2019$722.00K
  • 2018$0.00
  • 2017$0.00

Buybacks vs stock-based compensation for DraftKings (DKNG)

Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 2.26×.

Buybacks vs dividends (share of cash returned) for DraftKings (DKNG)

How DraftKings splits cash returned to shareholders between dividends and buybacks.

Sector peers by buyback spend

Companies in the same sector as DraftKings, ranked by their latest buyback spend.

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.

TTM buybacks vs headroom (FCF − dividends, TTM)100% of headroom

Headroom $678.52M (TTM FCF − TTM dividends, clamped at zero).

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