Buyback yield (TTM)
0.26%
Shareholder yield (TTM)
3.31%
5Y share count change
-0.2%
Buyback spend (TTM)
$937M
Cumulative buybacks
$66.1B
Key takeaways
- Coca-Cola (KO) repurchased about $937M of stock over the trailing twelve months.
- Diluted share count is roughly flat (-0.2%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM buyback ÷ stock-based-comp ratio of 3.52× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +44.6% per year over the latest 5-year window.
- TTM repurchases used about 29% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Coca-Cola (KO)
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 Coca-Cola (KO)
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 Coca-Cola (KO)
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 Coca-Cola (KO)
Latest: $746M
Overview
2025's annual buyback spend for Coca-Cola (KO) came in at $746M – plunged 58.4% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Coca-Cola buyback spend compounded at +44.6% per year, with mixed annual results across the window.
Between 2013 and 2025, Coca-Cola buyback spend plunged 84.6%, falling from $4.83B to $746M.
The record annual buyback spend stands at $4.83B, reached in 2013; the historical low of $15M was recorded in 1999.
Coca-Cola Buyback Spend 2025: $746M
2025's buyback spend for Coca-Cola came in at $746M, plunged 58.4% below 2024.
Coca-Cola Buyback Spend 2024: $1.8B
Coca-Cola posted buyback spend of $1.8B in 2024, declined 21.6% below 2023.
Coca-Cola Buyback Spend 2023: $2.29B
In 2023, Coca-Cola reported buyback spend of $2.29B, surged 61.4% from 2022.
Coca-Cola Buyback Spend 2022: $1.42B
Coca-Cola buyback spend in 2022 was $1.42B, surged 1177.5% from 2021.
Coca-Cola Buyback Spend 2021: $111M
Coca-Cola buyback spend in 2021 was $111M.
See more financial history for Coca-Cola (KO).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $746M | $279M | $467M | 0.25% | 4.31B | -0.2% | |
| 2024 | $1.8B | $286M | $1.51B | 0.67% | 4.32B | -0.4% | |
| 2023 | $2.29B | $254M | $2.04B | 0.90% | 4.34B | -0.3% | |
| 2022 | $1.42B | $356M | $1.06B | 0.52% | 4.35B | +0.2% | |
| 2021 | $111M | $337M | -$226M | 0.04% | 4.34B | +0.4% | |
| 2020 | $118M | $126M | -$8M | 0.05% | 4.32B | +0.2% | |
| 2019 | $1.1B | $201M | $902M | 0.47% | 4.31B | +0.3% | |
| 2018 | $1.91B | $225M | $1.69B | 0.95% | 4.3B | -0.6% | |
| 2017 | $3.68B | $219M | $3.46B | 1.88% | 4.32B | -1.0% | |
| 2016 | $3.68B | $258M | $3.42B | 2.06% | 4.37B | -0.9% | |
| 2015 | $3.56B | $236M | $3.33B | 1.91% | 4.41B | -1.0% | |
| 2014 | $4.16B | $209M | $3.95B | 2.25% | 4.45B | -1.3% | |
| 2013 | $4.83B | $227M | $4.61B | 2.65% | 4.51B | -1.6% | |
| 2012 | $4.56B | $259M | $4.3B | 2.81% | 4.58B | -1.3% | |
| 2011 | $4.51B | $354M | $4.16B | 2.84% | 4.65B | -0.4% | |
| 2010 | $2.96B | $380M | $2.58B | 1.95% | 4.67B | +0.2% | |
| 2009 | $1.52B | $241M | $1.28B | 1.15% | 4.66B | -0.3% | |
| 2008 | $1.08B | $266M | $813M | 1.03% | 4.67B | +0.2% | |
| 2007 | $1.84B | $0.00 | $1.84B | 1.29% | 4.66B | -0.8% | |
| 2006 | $2.42B | $0.00 | $2.42B | 2.16% | 4.7B | -1.8% | |
| 2005 | $2.06B | $0.00 | $2.06B | 2.16% | 4.79B | -1.5% | |
| 2004 | $1.74B | $0.00 | $1.74B | 1.73% | 4.86B | -1.3% | |
| 2003 | $1.44B | $0.00 | $1.44B | 1.16% | 4.92B | -0.8% | |
| 2002 | $691M | $0.00 | $691M | 0.64% | 4.97B | -0.2% | |
| 2001 | $277M | $0.00 | $277M | 0.24% | 4.97B | 0.0% | |
| 2000 | $133M | $0.00 | $133M | — | 4.97B | 0.0% | |
| 1999 | $15M | $0.00 | $15M | — | 4.97B | -0.4% | |
| 1998 | $1.56B | $0.00 | $1.56B | — | 4.99B | -0.8% | |
| 1997 | $1.26B | $0.00 | $1.26B | — | 5.03B | -0.3% | |
| 1996 | $1.52B | $0.00 | $1.52B | — | 5.05B | — | |
| 1995 | $1.8B | $0.00 | $1.8B | — | — | — | |
| 1994 | $1.19B | $0.00 | $1.19B | — | — | — | |
| 1993 | $680M | $0.00 | $680M | — | — | — | |
| 1992 | $1.26B | $0.00 | $1.26B | — | — | — | |
| 1991 | $474M | $0.00 | $474M | — | — | — | |
| 1990 | $532M | $0.00 | $532M | — | — | — | |
| 1989 | $1.17B | $0.00 | $1.17B | — | — | — |
- 2025$746M
- 2024$1.8B
- 2023$2.29B
- 2022$1.42B
- 2021$111M
- 2020$118M
- 2019$1.1B
- 2018$1.91B
- 2017$3.68B
- 2016$3.68B
- 2015$3.56B
- 2014$4.16B
- 2013$4.83B
- 2012$4.56B
- 2011$4.51B
- 2010$2.96B
- 2009$1.52B
- 2008$1.08B
- 2007$1.84B
- 2006$2.42B
- 2005$2.06B
- 2004$1.74B
- 2003$1.44B
- 2002$691M
- 2001$277M
- 2000$133M
- 1999$15M
- 1998$1.56B
- 1997$1.26B
- 1996$1.52B
- 1995$1.8B
- 1994$1.19B
- 1993$680M
- 1992$1.26B
- 1991$474M
- 1990$532M
- 1989$1.17B
Buybacks vs stock-based compensation for Coca-Cola (KO)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.52×.
Buybacks vs dividends (share of cash returned) for Coca-Cola (KO)
How Coca-Cola splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Coca-Cola, 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.
Headroom $3.24B (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
- Buybacks0.26% TTM
- Dividend Profile2.33% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History9 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.