Buyback yield (TTM)
0.39%
Shareholder yield (TTM)
0.63%
5Y share count change
-11.0%
Buyback spend (TTM)
$17B
Cumulative buybacks
$349B
Key takeaways
- Alphabet (GOOGL) repurchased about $17B of stock over the trailing twelve months.
- Diluted share count is down 11.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 0.60× — repurchases only partially offset SBC dilution.
- Cash buyback spend has compounded at +8.0% per year over the latest 5-year window.
- TTM repurchases used about 40% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Alphabet (GOOGL)
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 Alphabet (GOOGL)
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 Alphabet (GOOGL)
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 Alphabet (GOOGL)
Latest: $45.7B
Overview
2025's annual buyback spend for Alphabet (GOOGL) came in at $45.7B – declined 26.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Alphabet buyback spend compounded at +8.0% per year, with mixed annual results across the window.
Alphabet buyback spend peaked at $62.2B in 2024; the latest annual figure is $45.7B in 2025 (26.5% below peak).
The highest annual buyback spend of $62.2B was reported in 2024. The lowest in the available history was $0.00 in 2002.
Alphabet Buyback Spend 2025: $45.7B
Alphabet buyback spend in 2025 was $45.7B, declined 26.5% below 2024.
Alphabet Buyback Spend 2024: $62.2B
2024's buyback spend for Alphabet came in at $62.2B, edged up 1.2% from 2023. This figure represents the highest annual value in the available history.
Alphabet Buyback Spend 2023: $61.5B
Alphabet posted buyback spend of $61.5B in 2023, edged up 3.7% from 2022.
Alphabet Buyback Spend 2022: $59.3B
In 2022, Alphabet reported buyback spend of $59.3B, grew 17.9% from 2021.
Alphabet Buyback Spend 2021: $50.3B
Alphabet buyback spend in 2021 was $50.3B.
See more financial history for Alphabet (GOOGL).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $45.7B | $25B | $20.8B | 1.21% | 12.2B | -1.7% | |
| 2024 | $62.2B | $22.8B | $39.4B | 2.69% | 12.4B | -2.2% | |
| 2023 | $61.5B | $22.5B | $39B | 3.53% | 12.7B | -3.3% | |
| 2022 | $59.3B | $19.4B | $39.9B | 5.21% | 13.2B | -2.9% | |
| 2021 | $50.3B | $15.4B | $34.9B | 2.62% | 13.6B | -1.4% | |
| 2020 | $31.1B | $13B | $18.2B | 2.63% | 13.7B | -1.7% | |
| 2019 | $18.4B | $10.8B | $7.6B | 1.99% | 14B | -0.7% | |
| 2018 | $9.08B | $9.35B | -$278M | 1.25% | 14.1B | -0.0% | |
| 2017 | $4.85B | $7.68B | -$2.83B | 0.66% | 14.1B | +0.6% | |
| 2016 | $3.69B | $6.7B | -$3.01B | 0.68% | 14B | +0.9% | |
| 2015 | $1.78B | $5.2B | -$3.42B | 0.33% | 13.9B | +0.8% | |
| 2014 | $0.00 | $4.28B | -$4.28B | — | 13.7B | +1.4% | |
| 2013 | $0.00 | $3.34B | -$3.34B | — | 13.6B | +2.0% | |
| 2012 | $0.00 | $2.69B | -$2.69B | — | 13.3B | +1.6% | |
| 2011 | $0.00 | $1.97B | -$1.97B | — | 13.1B | +1.2% | |
| 2010 | $801M | $1.38B | -$575M | 0.42% | 12.9B | +1.2% | |
| 2009 | $0.00 | $1.16B | -$1.16B | — | 12.8B | +0.6% | |
| 2008 | $71.5M | $1.12B | -$1.05B | 0.07% | 12.7B | +0.4% | |
| 2007 | $0.00 | $869M | -$869M | — | 12.6B | +2.2% | |
| 2006 | $0.00 | $458M | -$458M | — | 12.4B | +6.1% | |
| 2005 | $0.00 | $201M | -$201M | — | 11.7B | +6.9% | |
| 2004 | $0.00 | $279M | -$279M | — | 10.9B | -21.9% | |
| 2003 | $0.00 | $229M | -$229M | — | 14B | +44.3% | |
| 2002 | $0.00 | $21.6M | -$21.6M | — | 9.69B | -30.7% | |
| 2001 | $1M | $0.00 | $1M | — | 14B | — |
- 2025$45.7B
- 2024$62.2B
- 2023$61.5B
- 2022$59.3B
- 2021$50.3B
- 2020$31.1B
- 2019$18.4B
- 2018$9.08B
- 2017$4.85B
- 2016$3.69B
- 2015$1.78B
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$801M
- 2009$0.00
- 2008$71.5M
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$1M
Buybacks vs stock-based compensation for Alphabet (GOOGL)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.60×.
Buybacks vs dividends (share of cash returned) for Alphabet (GOOGL)
How Alphabet splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Alphabet, ranked by their latest buyback spend.
| $26.2B | |
| $9.97B | |
| $9.13B | |
| $7.16B | |
| $6.58B | |
| $3.5B | |
| $511M | |
| $0.00 |
- $26.2B
- $9.97B
- $9.13B
- $7.16B
- $6.58B
- $3.5B
- $511M
- $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 $43B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks0.39% TTM
- Dividend Profile0.25% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History2 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.