Buyback yield (TTM)
0.48%
Shareholder yield (TTM)
3.24%
5Y share count change
5.8%
Buyback spend (TTM)
$1.08B
Cumulative buybacks
$149.38B
Key takeaways
- IBM (IBM) repurchased about $1.08B of stock over the trailing twelve months.
- Diluted share count is up 5.8% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 0.61× — repurchases only partially offset SBC dilution.
- Cash buyback spend has compounded at +27.5% per year over the latest 5-year window.
- TTM repurchases used about 16% of free cash flow remaining after dividends.
Dividend & buyback yield over time for IBM (IBM)
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 IBM (IBM)
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 IBM (IBM)
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 IBM (IBM)
Latest: $1.02B
Overview
In 2025, IBM (IBM) buyback spend totalled $1.02B.
Looking at the 2020–2025 (5 years) stretch, IBM buyback spend compounded at +27.5% per year, with mixed annual results across the window.
IBM buyback spend peaked at $18.83B in 2007; the latest annual figure is $1.02B in 2025 (94.6% below peak).
The record annual buyback spend stands at $18.83B, reached in 2007; the historical low of $0.00 was recorded in 1993.
IBM Buyback Spend 2025: $1.02B
IBM buyback spend in 2025 was $1.02B.
IBM Buyback Spend 2024: $0.00
IBM posted buyback spend of $0.00 in 2024, plunged 100.0% below 2023.
IBM Buyback Spend 2023: $402.00M
In 2023, IBM reported buyback spend of $402.00M, edged down 1.2% below 2022.
IBM Buyback Spend 2022: $407.00M
IBM buyback spend in 2022 was $407.00M, grew 27.6% from 2021.
IBM Buyback Spend 2021: $319.00M
IBM buyback spend in 2021 was $319.00M.
See more financial history for IBM (IBM).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.02B | $0.00 | $1.02B | 0.37% | 0.95B | +1.2% | |
| 2024 | $0.00 | $1.31B | −$1.31B | — | 0.94B | +1.6% | |
| 2023 | $402.00M | $1.13B | −$731.00M | 0.27% | 0.92B | +1.1% | |
| 2022 | $407.00M | $987.00M | −$580.00M | 0.32% | 0.91B | +0.8% | |
| 2021 | $319.00M | $982.00M | −$663.00M | 0.27% | 0.90B | +0.9% | |
| 2020 | $302.00M | $937.00M | −$635.00M | 0.28% | 0.90B | +0.4% | |
| 2019 | $1.63B | $679.00M | $954.00M | 1.44% | 0.89B | -2.6% | |
| 2018 | $4.61B | $510.00M | $4.10B | 4.71% | 0.92B | -2.3% | |
| 2017 | $4.53B | $534.00M | $4.00B | 3.34% | 0.94B | -2.2% | |
| 2016 | $3.63B | $544.00M | $3.08B | 2.41% | 0.96B | -2.4% | |
| 2015 | $4.86B | $468.00M | $4.39B | 3.81% | 0.98B | -2.7% | |
| 2014 | $13.68B | $512.00M | $13.17B | 9.00% | 1.01B | -8.4% | |
| 2013 | $13.86B | $614.00M | $13.24B | 7.21% | 1.10B | -4.5% | |
| 2012 | $11.99B | $688.00M | $11.31B | 5.82% | 1.16B | -4.8% | |
| 2011 | $15.05B | $697.00M | $14.35B | 7.30% | 1.21B | -5.7% | |
| 2010 | $15.38B | $629.00M | $14.75B | 8.84% | 1.29B | -4.0% | |
| 2009 | $7.43B | $558.00M | $6.87B | 4.50% | 1.34B | -2.9% | |
| 2008 | $10.58B | $659.00M | $9.92B | 9.78% | 1.38B | -4.7% | |
| 2007 | $18.83B | $713.00M | $18.11B | 13.17% | 1.45B | -6.6% | |
| 2006 | $8.08B | $846.00M | $7.24B | 5.80% | 1.55B | -4.6% | |
| 2005 | $0.00 | $1.04B | −$1.04B | — | 1.63B | -4.8% | |
| 2004 | $0.00 | $1.58B | −$1.58B | — | 1.71B | -2.7% | |
| 2003 | $3.23B | $1.57B | $1.66B | 2.16% | 1.76B | +1.5% | |
| 2002 | $3.09B | $0.00 | $3.09B | 2.45% | 1.73B | -2.4% | |
| 2001 | $3.91B | $0.00 | $3.91B | 1.97% | 1.77B | -2.2% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 1.81B | -3.2% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 1.87B | -2.6% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 1.92B | -5.0% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 2.02B | -5.2% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 2.13B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $90.00M | $0.00 | $90.00M | — | — | — | |
| 1991 | $196.00M | $0.00 | $196.00M | — | — | — | |
| 1990 | $491.00M | $0.00 | $491.00M | — | — | — | |
| 1989 | $1.79B | $0.00 | $1.79B | — | — | — |
- 2025$1.02B
- 2024$0.00
- 2023$402.00M
- 2022$407.00M
- 2021$319.00M
- 2020$302.00M
- 2019$1.63B
- 2018$4.61B
- 2017$4.53B
- 2016$3.63B
- 2015$4.86B
- 2014$13.68B
- 2013$13.86B
- 2012$11.99B
- 2011$15.05B
- 2010$15.38B
- 2009$7.43B
- 2008$10.58B
- 2007$18.83B
- 2006$8.08B
- 2005$0.00
- 2004$0.00
- 2003$3.23B
- 2002$3.09B
- 2001$3.91B
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$90.00M
- 1991$196.00M
- 1990$491.00M
- 1989$1.79B
Buybacks vs stock-based compensation for IBM (IBM)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.61×.
Buybacks vs dividends (share of cash returned) for IBM (IBM)
How IBM splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as IBM, 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 $6.80B (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