Microsoft (MSFT) Stock Buyback History
TTM buyback yield 0.62% · Shareholder yield (TTM) 0.62%.
Microsoft
MSFT
TTM buyback yield
0.62%
Shareholder yield (TTM)
0.62%
5Y share count change
-2.8%
TTM buyback spend
$22.39B
SBC coverage (TTM)
1.83x
Diluted vs basic shares (annual)
Weighted average shares from the income statement: diluted (EPS denominator and typical buyback-yield basis) compared with basic.
Shares outstanding (annual)
Year-over-year change in diluted weighted average shares (industry-standard for EPS and per-share capital return). Green is fewer shares vs the prior fiscal year; red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield
Buybacks vs stock-based compensation
TTM coverage: 1.83x (buybacks ÷ SBC). Bars are fiscal-year totals.
Buyback spending history
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $18.42B | $11.97B | $6.45B | 7.46B | -0.1% | 0.50% |
| 2024 | $17.25B | $10.73B | $6.52B | 7.47B | -0.0% | 0.51% |
| 2023 | $22.25B | $9.61B | $12.63B | 7.47B | -0.9% | 0.88% |
| 2022 | $32.70B | $7.50B | $25.19B | 7.54B | -0.9% | 1.70% |
| 2021 | $27.39B | $6.12B | $21.27B | 7.61B | -1.0% | 1.34% |
| 2020 | $22.97B | $5.29B | $17.68B | 7.68B | -0.9% | 1.49% |
| 2019 | $19.54B | $4.65B | $14.89B | 7.75B | -0.5% | 1.88% |
| 2018 | $10.72B | $3.94B | $6.78B | 7.79B | -0.5% | 1.42% |
| 2017 | $11.79B | $3.27B | $8.52B | 7.83B | -2.3% | 2.21% |
| 2016 | $15.97B | $2.67B | $13.30B | 8.01B | -2.9% | 3.98% |
| 2015 | $14.44B | $2.57B | $11.87B | 8.25B | -1.7% | 4.06% |
| 2014 | $7.32B | $2.45B | $4.87B | 8.40B | -0.8% | 2.13% |
| 2013 | $5.36B | $2.41B | $2.95B | 8.47B | -0.4% | 1.87% |
| 2012 | $5.03B | $2.24B | $2.79B | 8.51B | -1.0% | 1.96% |
| 2011 | $11.55B | $2.17B | $9.39B | 8.59B | -3.7% | 5.27% |
| 2010 | $11.27B | $1.89B | $9.38B | 8.93B | -0.8% | 5.62% |
| 2009 | $9.35B | $1.71B | $7.64B | 9.00B | -5.0% | 4.42% |
| 2008 | $12.53B | $1.48B | $11.05B | 9.47B | -4.2% | 4.92% |
| 2007 | $27.57B | $0.00 | $27.57B | 9.89B | -6.1% | 9.84% |
| 2006 | $19.21B | $0.00 | $19.21B | 10.53B | -3.4% | 8.09% |
| 2005 | $8.06B | $0.00 | $8.06B | 10.91B | 0.1% | 3.02% |
| 2004 | $3.38B | $0.00 | $3.38B | 10.89B | 0.1% | 1.09% |
| 2003 | $6.49B | $0.00 | $6.49B | 10.88B | -2.0% | 2.36% |
| 2002 | $6.07B | $0.00 | $6.07B | 11.11B | -0.4% | 2.13% |
| 2001 | $7.44B | $0.00 | $7.44B | 11.15B | 0.7% | 1.89% |
| 2000 | $4.90B | $0.00 | $4.90B | 11.07B | 0.9% | — |
| 1999 | $2.95B | $0.00 | $2.95B | 10.96B | 2.2% | — |
| 1998 | $2.47B | $0.00 | $2.47B | 10.72B | 2.9% | — |
| 1997 | $3.10B | $0.00 | $3.10B | 10.42B | 2.1% | — |
| 1996 | $1.26B | $0.00 | $1.26B | 10.21B | — | — |
| 1995 | $649.00M | $0.00 | $649.00M | — | — | — |
| 1994 | $348.00M | $0.00 | $348.00M | — | — | — |
| 1993 | $250.00M | $0.00 | $250.00M | — | — | — |
| 1992 | $135.00M | $0.00 | $135.00M | — | — | — |
| 1991 | $197.00M | $0.00 | $197.00M | — | — | — |
| 1990 | $46.70M | $0.00 | $46.70M | — | — | — |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
TTM buybacks vs headroom (FCF − dividends, TTM)43% of headroom
Headroom $52.14B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Does Microsoft buy back its own stock?
- Yes, Microsoft (MSFT) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Microsoft spend on share buybacks?
- Trailing twelve months (TTM) buyback spend is about $22.39B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Microsoft's buyback yield?
- TTM buyback yield is about 0.62% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Microsoft's shareholder yield?
- Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 0.62% combined (TTM-based where available).
Is Microsoft 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 Microsoft's share count changed?
- Diluted weighted average shares changed by about -2.8% over roughly five fiscal years (annual income statement data).