Buyback yield (TTM)
7.51%
Shareholder yield (TTM)
7.51%
5Y share count change
-9.0%
Buyback spend (TTM)
$1.12B
Cumulative buybacks
$6.02B
Key takeaways
- Lululemon Athletica (LULU) repurchased about $1.12B 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 23.49× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +79.3% per year over the latest 5-year window.
- TTM repurchases used about 87% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Lululemon Athletica (LULU)
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 Lululemon Athletica (LULU)
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 Lululemon Athletica (LULU)
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 Lululemon Athletica (LULU)
Latest: $1.18B
Overview
As of the 2025 fiscal year, Lululemon Athletica (LULU) reported buyback spend of $1.18B – declined 28.0% year-over-year.
Over 2020–2025 (5 years), Lululemon Athletica buyback spend expanded at a +79.3% compound annual rate, with mixed annual results across the window.
Between 2024 and 2025, Lululemon Athletica buyback spend declined 28.0%, falling from $1.64B to $1.18B.
The record annual buyback spend stands at $1.64B, reached in 2024; the historical low of $0.00 was recorded in 2005.
Lululemon Athletica Buyback Spend 2025: $1.18B
In 2025, Lululemon Athletica reported buyback spend of $1.18B, declined 28.0% below 2024.
Lululemon Athletica Buyback Spend 2024: $1.64B
Lululemon Athletica buyback spend in 2024 was $1.64B, surged 193.0% from 2023. This figure represents the highest annual value in the available history.
Lululemon Athletica Buyback Spend 2023: $558.65M
2023's buyback spend for Lululemon Athletica came in at $558.65M, grew 25.8% from 2022.
Lululemon Athletica Buyback Spend 2022: $444.00M
Lululemon Athletica posted buyback spend of $444.00M in 2022, plunged 45.4% below 2021.
Lululemon Athletica Buyback Spend 2021: $812.60M
Lululemon Athletica buyback spend in 2021 was $812.60M.
See more financial history for Lululemon Athletica (LULU).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.18B | $62.20M | $1.12B | 5.53% | 0.12B | -3.9% | |
| 2024 | $1.64B | $90.01M | $1.55B | 3.28% | 0.12B | -2.5% | |
| 2023 | $558.65M | $93.56M | $465.09M | 0.92% | 0.13B | -0.7% | |
| 2022 | $444.00M | $78.08M | $365.93M | 1.15% | 0.13B | -1.7% | |
| 2021 | $812.60M | $69.14M | $743.47M | 1.89% | 0.13B | -0.4% | |
| 2020 | $63.66M | $50.80M | $12.87M | 0.15% | 0.13B | -0.1% | |
| 2019 | $173.40M | $45.59M | $127.81M | 0.54% | 0.13B | -2.3% | |
| 2018 | $598.34M | $28.57M | $569.77M | 3.09% | 0.13B | -1.6% | |
| 2017 | $100.26M | $17.61M | $82.65M | 0.93% | 0.14B | -0.8% | |
| 2016 | $29.33M | $16.82M | $12.51M | 0.32% | 0.14B | -2.4% | |
| 2015 | $274.19M | $10.36M | $263.84M | 3.27% | 0.14B | -2.6% | |
| 2014 | $147.43M | $8.27M | $139.16M | 1.58% | 0.14B | -1.2% | |
| 2013 | $0.00 | $10.09M | −$10.09M | — | 0.15B | +0.2% | |
| 2012 | $0.00 | $15.64M | −$15.64M | — | 0.15B | +0.4% | |
| 2011 | $0.00 | $10.34M | −$10.34M | — | 0.15B | +1.0% | |
| 2010 | $0.00 | $7.27M | −$7.27M | — | 0.14B | +1.4% | |
| 2009 | $0.00 | $5.62M | −$5.62M | — | 0.14B | +0.0% | |
| 2008 | $0.00 | $0.00 | $0.00 | — | 0.14B | +2.4% | |
| 2007 | $6.99M | $0.00 | $6.99M | 0.30% | 0.14B | +6.1% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.13B | +45.8% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.09B | — |
- 2025$1.18B
- 2024$1.64B
- 2023$558.65M
- 2022$444.00M
- 2021$812.60M
- 2020$63.66M
- 2019$173.40M
- 2018$598.34M
- 2017$100.26M
- 2016$29.33M
- 2015$274.19M
- 2014$147.43M
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$6.99M
- 2006$0.00
- 2005$0.00
Buybacks vs stock-based compensation for Lululemon Athletica (LULU)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 23.49×.
Buybacks vs dividends (share of cash returned) for Lululemon Athletica (LULU)
How Lululemon Athletica splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Lululemon Athletica, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $0.00
- $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 $1.28B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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