Buyback yield (TTM)
0.81%
Shareholder yield (TTM)
1.75%
5Y share count change
-2.8%
Buyback spend (TTM)
$22.24B
Cumulative buybacks
$370.37B
Key takeaways
- Microsoft (MSFT) repurchased about $22.24B of stock over the trailing twelve months.
- Diluted share count is down 2.8% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 1.80× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -4.3% per year over the latest 5-year window.
- TTM repurchases used about 47% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Microsoft (MSFT)
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 Microsoft (MSFT)
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 Microsoft (MSFT)
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 Microsoft (MSFT)
Latest: $18.42B
Overview
Microsoft (MSFT) most recent annual buyback spend stands at $18.42B (2025) – grew 6.8% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Microsoft buyback spend compounded at -4.3% per year, with a net decline across the window.
Microsoft buyback spend peaked at $32.70B in 2022; the latest annual figure is $18.42B in 2025 (43.7% below peak).
$32.70B stands as the all-time-high annual buyback spend, posted in 2022, against a low of $0.00 during 1989.
Microsoft Buyback Spend 2025: $18.42B
In 2025, Microsoft reported buyback spend of $18.42B, grew 6.8% from 2024.
Microsoft Buyback Spend 2024: $17.25B
Microsoft buyback spend in 2024 was $17.25B, declined 22.4% below 2023.
Microsoft Buyback Spend 2023: $22.25B
2023's buyback spend for Microsoft came in at $22.25B, plunged 32.0% below 2022.
Microsoft Buyback Spend 2022: $32.70B
Microsoft posted buyback spend of $32.70B in 2022, grew 19.4% from 2021. This figure represents the highest annual value in the available history.
Microsoft Buyback Spend 2021: $27.39B
Microsoft buyback spend in 2021 was $27.39B.
See more financial history for Microsoft (MSFT).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $18.42B | $11.97B | $6.45B | 0.50% | 7.46B | -0.1% | |
| 2024 | $17.25B | $10.73B | $6.52B | 0.51% | 7.47B | -0.0% | |
| 2023 | $22.25B | $9.61B | $12.63B | 0.88% | 7.47B | -0.9% | |
| 2022 | $32.70B | $7.50B | $25.19B | 1.70% | 7.54B | -0.9% | |
| 2021 | $27.39B | $6.12B | $21.27B | 1.34% | 7.61B | -1.0% | |
| 2020 | $22.97B | $5.29B | $17.68B | 1.49% | 7.68B | -0.9% | |
| 2019 | $19.54B | $4.65B | $14.89B | 1.88% | 7.75B | -0.5% | |
| 2018 | $10.72B | $3.94B | $6.78B | 1.42% | 7.79B | -0.5% | |
| 2017 | $11.79B | $3.27B | $8.52B | 2.21% | 7.83B | -2.3% | |
| 2016 | $15.97B | $2.67B | $13.30B | 3.98% | 8.01B | -2.9% | |
| 2015 | $14.44B | $2.57B | $11.87B | 4.06% | 8.25B | -1.7% | |
| 2014 | $7.32B | $2.45B | $4.87B | 2.13% | 8.40B | -0.8% | |
| 2013 | $5.36B | $2.41B | $2.95B | 1.87% | 8.47B | -0.4% | |
| 2012 | $5.03B | $2.24B | $2.79B | 1.96% | 8.51B | -1.0% | |
| 2011 | $11.55B | $2.17B | $9.39B | 5.27% | 8.59B | -3.7% | |
| 2010 | $11.27B | $1.89B | $9.38B | 5.62% | 8.93B | -0.8% | |
| 2009 | $9.35B | $1.71B | $7.64B | 4.42% | 9.00B | -5.0% | |
| 2008 | $12.53B | $1.48B | $11.05B | 4.92% | 9.47B | -4.2% | |
| 2007 | $27.57B | $0.00 | $27.57B | 9.84% | 9.89B | -6.1% | |
| 2006 | $19.21B | $0.00 | $19.21B | 8.09% | 10.53B | -3.4% | |
| 2005 | $8.06B | $0.00 | $8.06B | 3.02% | 10.91B | +0.1% | |
| 2004 | $3.38B | $0.00 | $3.38B | 1.09% | 10.89B | +0.1% | |
| 2003 | $6.49B | $0.00 | $6.49B | 2.36% | 10.88B | -2.0% | |
| 2002 | $6.07B | $0.00 | $6.07B | 2.13% | 11.11B | -0.4% | |
| 2001 | $7.44B | $0.00 | $7.44B | 1.89% | 11.15B | +0.7% | |
| 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 | — | — | — |
- 2025$18.42B
- 2024$17.25B
- 2023$22.25B
- 2022$32.70B
- 2021$27.39B
- 2020$22.97B
- 2019$19.54B
- 2018$10.72B
- 2017$11.79B
- 2016$15.97B
- 2015$14.44B
- 2014$7.32B
- 2013$5.36B
- 2012$5.03B
- 2011$11.55B
- 2010$11.27B
- 2009$9.35B
- 2008$12.53B
- 2007$27.57B
- 2006$19.21B
- 2005$8.06B
- 2004$3.38B
- 2003$6.49B
- 2002$6.07B
- 2001$7.44B
- 2000$4.90B
- 1999$2.95B
- 1998$2.47B
- 1997$3.10B
- 1996$1.26B
- 1995$649.00M
- 1994$348.00M
- 1993$250.00M
- 1992$135.00M
- 1991$197.00M
- 1990$46.70M
- 1989$0.00
Buybacks vs stock-based compensation for Microsoft (MSFT)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 1.80×.
Buybacks vs dividends (share of cash returned) for Microsoft (MSFT)
How Microsoft splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Microsoft, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $6.65B
- $6.31B
- $1.32B
- $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 $47.06B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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