Johnson & Johnson (JNJ) Stock Buyback History
TTM buyback yield 1.00% · Shareholder yield (TTM) 1.00%.
TTM buyback yield
1.00%
Shareholder yield (TTM)
1.00%
5Y share count change
-9.0%
TTM buyback spend
$5.95B
SBC coverage (TTM)
4.36x
YoY change in spend
+144.8%
5Y CAGR of spend
+13.1%
Peak year (2012)
$12.92B
Cumulative spend
$129.04B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Johnson & Johnson (JNJ) repurchased about $5.95B of stock over the trailing twelve months.
- Diluted share count is down 9.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 4.36× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +13.1% per year over the latest 5-year window.
- TTM repurchases used about 113% 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 | $5.95B | $1.35B | $4.60B | 2.43B | 0.0% | 1.18% |
| 2024 | $2.43B | $1.18B | $1.26B | 2.43B | -5.1% | 0.70% |
| 2023 | $5.05B | $1.16B | $3.89B | 2.56B | -3.9% | 1.34% |
| 2022 | $6.04B | $1.14B | $4.90B | 2.66B | -0.4% | 1.31% |
| 2021 | $3.46B | $1.14B | $2.32B | 2.67B | 0.1% | 0.77% |
| 2020 | $3.22B | $1.00B | $2.22B | 2.67B | -0.5% | 0.78% |
| 2019 | $6.75B | $977.00M | $5.77B | 2.68B | -1.6% | 1.76% |
| 2018 | $5.87B | $978.00M | $4.89B | 2.73B | -0.6% | 1.67% |
| 2017 | $6.36B | $962.00M | $5.40B | 2.75B | -1.6% | 1.69% |
| 2016 | $8.98B | $878.00M | $8.10B | 2.79B | -0.9% | 2.88% |
| 2015 | $5.29B | $874.00M | $4.42B | 2.81B | -1.8% | 1.87% |
| 2014 | $7.12B | $792.00M | $6.33B | 2.86B | -0.5% | 2.45% |
| 2013 | $3.54B | $728.00M | $2.81B | 2.88B | 2.3% | 1.37% |
| 2012 | $12.92B | $662.00M | $12.26B | 2.81B | 1.3% | 6.63% |
| 2011 | $2.52B | $621.00M | $1.90B | 2.78B | -0.5% | 1.41% |
| 2010 | $2.80B | $614.00M | $2.18B | 2.79B | -0.0% | 1.65% |
| 2009 | $2.13B | $628.00M | $1.50B | 2.79B | -1.6% | 1.20% |
| 2008 | $6.65B | $627.00M | $6.02B | 2.84B | -2.6% | 4.01% |
| 2007 | $5.61B | $698.00M | $4.91B | 2.91B | -1.8% | 2.94% |
| 2006 | $6.72B | $0.00 | $6.72B | 2.96B | -1.3% | 3.50% |
| 2005 | $1.72B | $0.00 | $1.72B | 3.00B | 0.6% | 0.96% |
| 2004 | $1.38B | $0.00 | $1.38B | 2.99B | -5.0% | 0.74% |
| 2003 | $1.18B | $0.00 | $1.18B | 3.14B | 2.9% | 0.77% |
| 2002 | $6.54B | $0.00 | $6.54B | 3.05B | -0.9% | 4.09% |
| 2001 | $2.57B | $0.00 | $2.57B | 3.08B | -0.6% | 1.43% |
| 2000 | $973.00M | $0.00 | $973.00M | 3.10B | 0.8% | — |
| 1999 | $840.00M | $0.00 | $840.00M | 3.07B | 8.5% | — |
| 1998 | $930.00M | $0.00 | $930.00M | 2.83B | 3.4% | — |
| 1997 | $628.00M | $0.00 | $628.00M | 2.74B | 0.5% | — |
| 1996 | $412.00M | $0.00 | $412.00M | 2.73B | — | — |
| 1995 | $322.00M | $0.00 | $322.00M | — | — | — |
| 1994 | $185.00M | $0.00 | $185.00M | — | — | — |
| 1993 | $632.00M | $0.00 | $632.00M | — | — | — |
| 1992 | $740.00M | $0.00 | $740.00M | — | — | — |
| 1991 | $222.00M | $0.00 | $222.00M | — | — | — |
| 1990 | $209.00M | $0.00 | $209.00M | — | — | — |
| 1989 | $153.00M | $0.00 | $153.00M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Johnson & Johnson (JNJ) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Johnson & Johnson (JNJ)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Johnson & Johnson (JNJ)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $5.95B | +144.8% | +$3.52B | ||
| 2024 | $2.43B | -51.9% | -$2.62B | ||
| 2023 | $5.05B | -16.3% | -$981.00M | ||
| 2022 | $6.04B | +74.6% | +$2.58B | ||
| 2021 | $3.46B | +7.3% | +$235.00M | ||
| 2020 | $3.22B | -52.3% | -$3.52B | ||
| 2019 | $6.75B | +15.0% | +$878.00M | ||
| 2018 | $5.87B | -7.7% | -$490.00M | ||
| 2017 | $6.36B | -29.2% | -$2.62B | ||
| 2016 | $8.98B | +69.7% | +$3.69B | ||
| 2015 | $5.29B | -25.7% | -$1.83B | ||
| 2014 | $7.12B | +101.4% | +$3.59B | ||
| 2013 | $3.54B | -72.6% | -$9.38B | ||
| 2012 | $12.92B | +411.6% | +$10.39B | ||
| 2011 | $2.52B | -9.7% | -$272.00M | ||
| 2010 | $2.80B | +31.3% | +$667.00M | ||
| 2009 | $2.13B | -68.0% | -$4.52B | ||
| 2008 | $6.65B | +18.6% | +$1.04B | ||
| 2007 | $5.61B | -16.6% | -$1.11B | ||
| 2006 | $6.72B | +291.5% | +$5.00B | ||
| 2005 | $1.72B | +24.1% | +$333.00M | ||
| 2004 | $1.38B | +17.0% | +$201.00M | ||
| 2003 | $1.18B | -81.9% | -$5.36B | ||
| 2002 | $6.54B | +154.4% | +$3.97B | ||
| 2001 | $2.57B | +164.1% | +$1.60B | ||
| 2000 | $973.00M | +15.8% | +$133.00M | ||
| 1999 | $840.00M | -9.7% | -$90.00M | ||
| 1998 | $930.00M | +48.1% | +$302.00M | ||
| 1997 | $628.00M | +52.4% | +$216.00M | ||
| 1996 | $412.00M | +28.0% | +$90.00M | ||
| 1995 | $322.00M | +74.1% | +$137.00M | ||
| 1994 | $185.00M | -70.7% | -$447.00M | ||
| 1993 | $632.00M | -14.6% | -$108.00M | ||
| 1992 | $740.00M | +233.3% | +$518.00M | ||
| 1991 | $222.00M | +6.2% | +$13.00M | ||
| 1990 | $209.00M | +36.6% | +$56.00M | ||
| 1989 | $153.00M | — | — |
As of the 2025 fiscal year, Johnson & Johnson (JNJ) reported buyback spend of $5.95B – surged 144.8% year-over-year.
Over 2020–2025 (5 years), Johnson & Johnson buyback spend expanded at a +13.1% compound annual rate, with the latest reading among the more recent periods of the dataset.
Between 2012 and 2025, Johnson & Johnson buyback spend plunged 53.9%, falling from $12.92B to $5.95B.
Across the available history, buyback spend reached its high of $12.92B in 2012 and its low of $153.00M in 1989.
Among 8 Healthcare peers, Johnson & Johnson (JNJ) ranks 1st; the peer median for buyback spend is $2.19B.
Johnson & Johnson Buyback Spend 2025: $5.95B
Johnson & Johnson buyback spend in 2025 was $5.95B, surged 144.8% from 2024.
Johnson & Johnson Buyback Spend 2024: $2.43B
Johnson & Johnson buyback spend in 2024 was $2.43B, plunged 51.9% below 2023.
Johnson & Johnson Buyback Spend 2023: $5.05B
Johnson & Johnson buyback spend in 2023 was $5.05B, declined 16.3% below 2022.
Johnson & Johnson Buyback Spend 2022: $6.04B
Johnson & Johnson buyback spend in 2022 was $6.04B, surged 74.6% from 2021.
Johnson & Johnson Buyback Spend 2021: $3.46B
Johnson & Johnson buyback spend in 2021 was $3.46B.
See more financial history for Johnson & Johnson (JNJ).
Sector peers by buyback spend
Companies in the same sector as Johnson & Johnson, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| UnitedHealth Group (UNH) | $5.54B | Healthcare |
| Merck & Co. (MRK) | $5.08B | Healthcare |
| Eli Lilly (LLY) | $4.11B | Healthcare |
| Thermo Fisher Scientific (TMO) | $3.00B | Healthcare |
| Novo Nordisk (NVO) | $1.39B | Healthcare |
| AbbVie (ABBV) | $980.00M | Healthcare |
| AstraZeneca (AZN) | $719.66M | Healthcare |
| Amgen (AMGN) | $0 | Healthcare |
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: 4.36×.
Capital allocation mix
How Johnson & Johnson 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 $5.28B (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 Johnson & Johnson'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 Johnson & Johnson buy back its own stock?
Yes, Johnson & Johnson (JNJ) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Johnson & Johnson spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $5.95B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Johnson & Johnson's buyback yield?
TTM buyback yield is about 1.00% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Johnson & Johnson's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 1.00% combined (TTM-based where available).
Is Johnson & Johnson 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 Johnson & Johnson's share count changed?
Diluted weighted average shares changed by about -9.0% over roughly five fiscal years (annual income statement data).
What is Johnson & Johnson's buyback spend?
Latest reported buyback spend for Johnson & Johnson (JNJ) is $5.95B (period ending March 29, 2026).
How has Johnson & Johnson buyback spend changed year-over-year?
Johnson & Johnson (JNJ) buyback spend changed +144.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Johnson & Johnson buyback spend?
Johnson & Johnson (JNJ) buyback spend compound annual growth rate is +13.1% over the most recent 5 years available.
When did Johnson & Johnson buyback spend hit its highest annual value?
Johnson & Johnson buyback spend reached its highest annual value of $12.92B in 2012.
What was Johnson & Johnson buyback spend in 2024?
Johnson & Johnson (JNJ) buyback spend in 2024 was $2.43B.
What was Johnson & Johnson buyback spend in 2025?
Johnson & Johnson (JNJ) buyback spend in 2025 was $5.95B.
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