HP (HPQ) Stock Buyback History
TTM buyback yield 5.97% · Shareholder yield (TTM) 5.97%.
HPQ
TTM buyback yield
5.97%
Shareholder yield (TTM)
5.97%
5Y share count change
-32.9%
TTM buyback spend
$1.07B
SBC coverage (TTM)
2.10x
YoY change in spend
-59.5%
5Y CAGR of spend
-22.8%
Peak year (2010)
$11.04B
Cumulative spend
$111.59B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- HP (HPQ) repurchased about $1.07B of stock over the trailing twelve months.
- Diluted share count is down 32.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 2.10× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -22.8% per year over the latest 5-year window.
- TTM repurchases used about 60% 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 | $850.00M | $522.00M | $328.00M | 0.95B | -3.6% | 3.27% |
| 2024 | $2.10B | $452.00M | $1.65B | 0.99B | -1.1% | 6.04% |
| 2023 | $100.00M | $438.00M | −$338.00M | 1.00B | -4.8% | 0.38% |
| 2022 | $4.30B | $343.00M | $3.95B | 1.05B | -13.9% | 15.88% |
| 2021 | $6.25B | $330.00M | $5.92B | 1.22B | -14.1% | 17.73% |
| 2020 | $3.11B | $278.00M | $2.83B | 1.42B | -6.8% | 12.84% |
| 2019 | $2.40B | $297.00M | $2.11B | 1.52B | -6.7% | 9.38% |
| 2018 | $2.56B | $268.00M | $2.29B | 1.63B | -4.0% | 6.71% |
| 2017 | $1.41B | $224.00M | $1.19B | 1.70B | -2.4% | 3.92% |
| 2016 | $1.16B | $182.00M | $979.00M | 1.74B | -5.1% | 4.68% |
| 2015 | $2.88B | $709.00M | $2.17B | 1.84B | -4.0% | 13.07% |
| 2014 | $2.73B | $560.00M | $2.17B | 1.91B | -1.9% | 8.99% |
| 2013 | $1.53B | $500.00M | $1.03B | 1.95B | -1.2% | 7.22% |
| 2012 | $1.62B | $635.00M | $984.00M | 1.97B | -7.2% | 13.18% |
| 2011 | $10.12B | $685.00M | $9.43B | 2.13B | -10.3% | 42.28% |
| 2010 | $11.04B | $668.00M | $10.37B | 2.37B | -2.7% | 26.23% |
| 2009 | $5.14B | $635.00M | $4.50B | 2.44B | -5.1% | 10.12% |
| 2008 | $9.62B | $606.00M | $9.01B | 2.57B | -5.5% | 22.97% |
| 2007 | $10.89B | $629.00M | $10.26B | 2.72B | -4.8% | 18.13% |
| 2006 | $7.78B | $536.00M | $7.24B | 2.85B | -2.0% | 16.35% |
| 2005 | $3.51B | $0.00 | $3.51B | 2.91B | -4.8% | 9.78% |
| 2004 | $3.31B | $0.00 | $3.31B | 3.06B | -0.3% | 13.36% |
| 2003 | $751.00M | $0.00 | $751.00M | 3.06B | 22.6% | 2.44% |
| 2002 | $671.00M | $0.00 | $671.00M | 2.50B | 26.6% | 3.12% |
| 2001 | $1.24B | $0.00 | $1.24B | 1.97B | -5.0% | 8.38% |
| 2000 | $5.57B | $0.00 | $5.57B | 2.08B | -1.3% | — |
| 1999 | $2.64B | $0.00 | $2.64B | 2.10B | -1.8% | — |
| 1998 | $2.42B | $0.00 | $2.42B | 2.14B | 1.4% | — |
| 1997 | $724.00M | $0.00 | $724.00M | 2.11B | 0.5% | — |
| 1996 | $1.09B | $0.00 | $1.09B | 2.10B | — | — |
| 1995 | $686.00M | $0.00 | $686.00M | — | — | — |
| 1994 | $325.00M | $0.00 | $325.00M | — | — | — |
| 1993 | $314.00M | $0.00 | $314.00M | — | — | — |
| 1992 | $530.00M | $0.00 | $530.00M | — | — | — |
| 1991 | $79.00M | $0.00 | $79.00M | — | — | — |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1989 | $140.00M | $0.00 | $140.00M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for HP (HPQ) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for HP (HPQ)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for HP (HPQ)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $850.00M | -59.5% | -$1.25B | ||
| 2024 | $2.10B | +2000.0% | +$2.00B | ||
| 2023 | $100.00M | -97.7% | -$4.20B | ||
| 2022 | $4.30B | -31.2% | -$1.95B | ||
| 2021 | $6.25B | +101.1% | +$3.14B | ||
| 2020 | $3.11B | +29.2% | +$702.00M | ||
| 2019 | $2.40B | -5.9% | -$152.00M | ||
| 2018 | $2.56B | +81.1% | +$1.15B | ||
| 2017 | $1.41B | +21.6% | +$251.00M | ||
| 2016 | $1.16B | -59.7% | -$1.72B | ||
| 2015 | $2.88B | +5.7% | +$155.00M | ||
| 2014 | $2.73B | +78.1% | +$1.20B | ||
| 2013 | $1.53B | -5.4% | -$87.00M | ||
| 2012 | $1.62B | -84.0% | -$8.50B | ||
| 2011 | $10.12B | -8.4% | -$925.00M | ||
| 2010 | $11.04B | +114.8% | +$5.90B | ||
| 2009 | $5.14B | -46.6% | -$4.48B | ||
| 2008 | $9.62B | -11.6% | -$1.27B | ||
| 2007 | $10.89B | +40.0% | +$3.11B | ||
| 2006 | $7.78B | +121.4% | +$4.26B | ||
| 2005 | $3.51B | +6.2% | +$205.00M | ||
| 2004 | $3.31B | +340.6% | +$2.56B | ||
| 2003 | $751.00M | +11.9% | +$80.00M | ||
| 2002 | $671.00M | -45.9% | -$569.00M | ||
| 2001 | $1.24B | -77.7% | -$4.33B | ||
| 2000 | $5.57B | +110.7% | +$2.93B | ||
| 1999 | $2.64B | +9.0% | +$219.00M | ||
| 1998 | $2.42B | +234.8% | +$1.70B | ||
| 1997 | $724.00M | -33.5% | -$365.00M | ||
| 1996 | $1.09B | +58.7% | +$403.00M | ||
| 1995 | $686.00M | +111.1% | +$361.00M | ||
| 1994 | $325.00M | +3.5% | +$11.00M | ||
| 1993 | $314.00M | -40.8% | -$216.00M | ||
| 1992 | $530.00M | +570.9% | +$451.00M | ||
| 1991 | $79.00M | — | +$79.00M | ||
| 1990 | $0 | -100.0% | -$140.00M | ||
| 1989 | $140.00M | — | — |
The 2025 reading of HP (HPQ) buyback spend is $850.00M – plunged 59.5% year-over-year.
Across 2020–2025 (5 years), HP buyback spend produced a CAGR of -22.8% – with a net decline across the window.
HP buyback spend plunged from $11.04B in 2010 to $850.00M in 2025, a 92.3% drawdown.
2010 marks the peak buyback spend at $11.04B, with the historical low of $0 recorded in 1990.
HP (HPQ) sits 7th of 8 Technology peers we track on this metric, against a peer median of $6.01B.
HP Buyback Spend 2025: $850.00M
HP buyback spend in 2025 was $850.00M, plunged 59.5% below 2024.
HP Buyback Spend 2024: $2.10B
HP buyback spend in 2024 was $2.10B, surged 2000.0% from 2023.
HP Buyback Spend 2023: $100.00M
HP buyback spend in 2023 was $100.00M, plunged 97.7% below 2022.
HP Buyback Spend 2022: $4.30B
HP buyback spend in 2022 was $4.30B, plunged 31.2% below 2021.
HP Buyback Spend 2021: $6.25B
HP buyback spend in 2021 was $6.25B.
See more financial history for HP (HPQ).
Sector peers by buyback spend
Companies in the same sector as HP, 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: 2.10×.
Capital allocation mix
How HP 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 $1.79B (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 HP'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 HP buy back its own stock?
Yes, HP (HPQ) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does HP spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $1.07B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is HP's buyback yield?
TTM buyback yield is about 5.97% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is HP's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 5.97% combined (TTM-based where available).
Is HP 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 HP's share count changed?
Diluted weighted average shares changed by about -32.9% over roughly five fiscal years (annual income statement data).
What is HP's buyback spend?
Latest reported buyback spend for HP (HPQ) is $1.07B (period ending January 31, 2026).
How has HP buyback spend changed year-over-year?
HP (HPQ) buyback spend changed -59.5% year-over-year on the latest annual filing.
What is the long-term growth rate of HP buyback spend?
HP (HPQ) buyback spend compound annual growth rate is -22.8% over the most recent 5 years available.
When did HP buyback spend hit its highest annual value?
HP buyback spend reached its highest annual value of $11.04B in 2010.
What was HP buyback spend in 2024?
HP (HPQ) buyback spend in 2024 was $2.10B.
What was HP buyback spend in 2025?
HP (HPQ) buyback spend in 2025 was $850.00M.
Explore more
HPQ Overview
Company profile, financial tools, and key metrics
HPQ Revenue Counter
Earns $1,783 every second. See per minute, hour, and day.
HPQ Earnings Counter
Earns $79.56 per second net profit. See per minute, hour, and day.
HPQ Economic Scale
Exceeds Bolivia's GDP. Compare with world economies.
HPQ What If Invested
What if you had invested $1,000? See historical returns from any date.
HPQ How It Makes Money
Discover visual breakdown of $56.23B in revenue — where it comes from and where it goes.
HPQ Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
HPQ Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
HPQ Daily Price Character
Balanced · 47.8% historical win rate (green days). Streaks & record days.
HPQ Stock Split History
8 splits on record. Dates, ratios, and cumulative multiple.
HPQ Dividend Profile
Yield: 5.59%. Safety: 5/8. See full history.
HPQ Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
HPQ Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
HPQ Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
HPQ Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.