Netflix (NFLX) Stock Buyback History
TTM buyback yield 2.30% · Shareholder yield (TTM) 2.30%.
Netflix
NFLX
TTM buyback yield
2.30%
Shareholder yield (TTM)
2.30%
5Y share count change
-5.0%
TTM buyback spend
$9.13B
SBC coverage (TTM)
24.77x
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: 24.77x (buybacks ÷ SBC). Bars are fiscal-year totals.
Buyback spending history
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $9.13B | $368.45M | $8.76B | 4.32B | -1.7% | 2.30% |
| 2024 | $6.26B | $272.59M | $5.99B | 4.39B | -2.3% | 1.64% |
| 2023 | $6.05B | $339.37M | $5.71B | 4.49B | -0.4% | 2.81% |
| 2022 | $0.00 | $575.45M | −$575.45M | 4.51B | -0.9% | — |
| 2021 | $600.02M | $403.22M | $196.80M | 4.55B | 0.3% | 0.22% |
| 2020 | $0.00 | $415.18M | −$415.18M | 4.54B | 0.5% | — |
| 2019 | $0.00 | $405.38M | −$405.38M | 4.52B | 0.1% | — |
| 2018 | $0.00 | $320.66M | −$320.66M | 4.51B | 1.0% | — |
| 2017 | $0.00 | $182.21M | −$182.21M | 4.47B | 1.9% | — |
| 2016 | $0.00 | $173.68M | −$173.68M | 4.39B | 0.5% | — |
| 2015 | $0.00 | $124.72M | −$124.72M | 4.36B | 1.1% | — |
| 2014 | $0.00 | $115.24M | −$115.24M | 4.32B | 1.5% | — |
| 2013 | $0.00 | $73.10M | −$73.10M | 4.25B | 3.2% | — |
| 2012 | $0.00 | $73.95M | −$73.95M | 4.12B | 8.3% | — |
| 2011 | $199.67M | $61.58M | $138.08M | 3.81B | 0.1% | 5.38% |
| 2010 | $210.26M | $28.00M | $182.26M | 3.80B | -7.0% | 2.28% |
| 2009 | $324.33M | $12.62M | $311.72M | 4.09B | -7.0% | 11.13% |
| 2008 | $199.90M | $12.26M | $187.64M | 4.40B | -8.8% | 11.39% |
| 2007 | $99.86M | $11.98M | $87.88M | 4.82B | -0.3% | 5.98% |
| 2006 | $0.00 | $14.33M | −$14.33M | 4.84B | 5.4% | — |
| 2005 | $0.00 | $14.33M | −$14.33M | 4.59B | 1.2% | — |
| 2004 | $0.00 | $16.59M | −$16.59M | 4.53B | -48.5% | — |
| 2003 | $0.00 | $0.00 | $0.00 | 8.80B | 123.0% | — |
| 2002 | $6.00K | $9.83M | −$9.82M | 3.95B | 286.1% | 0.00% |
| 2001 | $12.00K | $0.00 | $12.00K | 1.02B | — | — |
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
TTM buybacks vs headroom (FCF − dividends, TTM)96% of headroom
Headroom $9.46B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Does Netflix buy back its own stock?
- Yes, Netflix (NFLX) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Netflix spend on share buybacks?
- Trailing twelve months (TTM) buyback spend is about $9.13B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Netflix's buyback yield?
- TTM buyback yield is about 2.30% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Netflix's shareholder yield?
- Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.30% combined (TTM-based where available).
Is Netflix 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 Netflix's share count changed?
- Diluted weighted average shares changed by about -5.0% over roughly five fiscal years (annual income statement data).