Buyback yield (TTM)
4.44%
Shareholder yield (TTM)
6.36%
5Y share count change
-11.9%
Buyback spend (TTM)
$950.00M
Cumulative buybacks
$17.72B
Key takeaways
- NetApp (NTAP) repurchased about $950.00M of stock over the trailing twelve months.
- Diluted share count is down 11.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 2.49× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +50.0% per year over the latest 5-year window.
- TTM repurchases used about 65% of free cash flow remaining after dividends.
Dividend & buyback yield over time for NetApp (NTAP)
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 NetApp (NTAP)
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 NetApp (NTAP)
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 NetApp (NTAP)
Latest: $950.00M
Overview
NetApp (NTAP) most recent annual buyback spend stands at $950.00M (2026) – declined 17.4% year-over-year.
NetApp buyback spend compound annual growth for the 2021–2026 (5 years) window is +50.0%, with mixed annual results across the window.
NetApp buyback spend peaked at $2.11B in 2019; the latest annual figure is $950.00M in 2026 (55.0% below peak).
Across the available history, buyback spend reached its high of $2.11B in 2019 and its low of $0.00 in 1996.
NetApp Buyback Spend 2026: $950.00M
NetApp buyback spend in 2026 was $950.00M, declined 17.4% below 2025.
NetApp Buyback Spend 2025: $1.15B
2025's buyback spend for NetApp came in at $1.15B, grew 27.8% from 2024.
NetApp Buyback Spend 2024: $900.00M
NetApp posted buyback spend of $900.00M in 2024, grew 5.9% from 2023.
NetApp Buyback Spend 2023: $850.00M
In 2023, NetApp reported buyback spend of $850.00M, surged 41.7% from 2022.
NetApp Buyback Spend 2022: $600.00M
NetApp buyback spend in 2022 was $600.00M.
See more financial history for NetApp (NTAP).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2026 | $950.00M | $382.00M | $568.00M | 4.44% | 0.20B | -4.8% | |
| 2025 | $1.15B | $386.00M | $764.00M | 6.31% | 0.21B | -1.9% | |
| 2024 | $900.00M | $357.00M | $543.00M | 4.27% | 0.21B | -3.2% | |
| 2023 | $850.00M | $312.00M | $538.00M | 6.27% | 0.22B | -3.9% | |
| 2022 | $600.00M | $245.00M | $355.00M | 3.69% | 0.23B | +1.3% | |
| 2021 | $125.00M | $197.00M | −$72.00M | 0.75% | 0.23B | -3.0% | |
| 2020 | $1.41B | $153.00M | $1.26B | 14.65% | 0.23B | -10.0% | |
| 2019 | $2.11B | $158.00M | $1.95B | 11.83% | 0.26B | -6.2% | |
| 2018 | $794.00M | $161.00M | $633.00M | 4.50% | 0.28B | -1.8% | |
| 2017 | $705.00M | $195.00M | $510.00M | 6.50% | 0.28B | -5.4% | |
| 2016 | $960.00M | $260.00M | $700.00M | 14.85% | 0.30B | -7.4% | |
| 2015 | $1.17B | $259.30M | $905.90M | 10.41% | 0.32B | -7.8% | |
| 2014 | $1.88B | $273.00M | $1.61B | 16.00% | 0.35B | -5.5% | |
| 2013 | $590.00M | $276.60M | $313.40M | 4.72% | 0.37B | -4.2% | |
| 2012 | $600.00M | $257.60M | $342.40M | 4.25% | 0.38B | -2.4% | |
| 2011 | $0.00 | $175.20M | −$175.20M | — | 0.39B | +11.5% | |
| 2010 | $0.00 | $159.80M | −$159.80M | — | 0.35B | +5.6% | |
| 2009 | $399.98M | $140.75M | $259.23M | 6.60% | 0.33B | -7.3% | |
| 2008 | $903.70M | $147.96M | $755.74M | 10.91% | 0.36B | -7.0% | |
| 2007 | $805.71M | $163.03M | $642.67M | 5.87% | 0.39B | +0.0% | |
| 2006 | $488.91M | $13.29M | $475.62M | 3.62% | 0.39B | +1.5% | |
| 2005 | $192.90M | $8.15M | $184.75M | 2.03% | 0.38B | +5.7% | |
| 2004 | $136.17M | $3.90M | $132.28M | 1.96% | 0.36B | +3.4% | |
| 2003 | $0.00 | $3.64M | −$3.64M | — | 0.35B | -0.1% | |
| 2002 | $0.00 | $7.20M | −$7.20M | — | 0.35B | -2.6% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.36B | +4.2% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.35B | +10.7% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.31B | +8.4% | |
| 1998 | $1.00K | $0.00 | $1.00K | — | 0.29B | +4.5% | |
| 1997 | $52.00K | $0.00 | $52.00K | — | 0.28B | — | |
| 1996 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2026$950.00M
- 2025$1.15B
- 2024$900.00M
- 2023$850.00M
- 2022$600.00M
- 2021$125.00M
- 2020$1.41B
- 2019$2.11B
- 2018$794.00M
- 2017$705.00M
- 2016$960.00M
- 2015$1.17B
- 2014$1.88B
- 2013$590.00M
- 2012$600.00M
- 2011$0.00
- 2010$0.00
- 2009$399.98M
- 2008$903.70M
- 2007$805.71M
- 2006$488.91M
- 2005$192.90M
- 2004$136.17M
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$1.00K
- 1997$52.00K
- 1996$0.00
Buybacks vs stock-based compensation for NetApp (NTAP)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 2.49×.
Buybacks vs dividends (share of cash returned) for NetApp (NTAP)
How NetApp splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as NetApp, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $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 $1.46B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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