Buyback yield (TTM)
1.39%
Shareholder yield (TTM)
4.31%
5Y share count change
-6.5%
Buyback spend (TTM)
$4.85B
Cumulative buybacks
$164.42B
Key takeaways
- Procter & Gamble (PG) repurchased about $4.85B of stock over the trailing twelve months.
- Diluted share count is down 6.5% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 9.59× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -2.6% per year over the latest 5-year window.
- TTM repurchases used about 100% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Procter & Gamble (PG)
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 Procter & Gamble (PG)
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 Procter & Gamble (PG)
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 Procter & Gamble (PG)
Latest: $6.50B
Overview
Procter & Gamble (PG) most recent annual buyback spend stands at $6.50B (2025) – grew 29.8% year-over-year.
Procter & Gamble buyback spend compound annual growth for the 2020–2025 (5 years) window is -2.6%, with a net decline across the window.
Procter & Gamble buyback spend peaked at $16.83B in 2006; the latest annual figure is $6.50B in 2025 (61.4% below peak).
Across the available history, buyback spend reached its high of $16.83B in 2006 and its low of $14.00M in 1994.
Procter & Gamble Buyback Spend 2025: $6.50B
Procter & Gamble buyback spend in 2025 was $6.50B, grew 29.8% from 2024.
Procter & Gamble Buyback Spend 2024: $5.01B
2024's buyback spend for Procter & Gamble came in at $5.01B, plunged 31.9% below 2023.
Procter & Gamble Buyback Spend 2023: $7.35B
Procter & Gamble posted buyback spend of $7.35B in 2023, declined 26.5% below 2022.
Procter & Gamble Buyback Spend 2022: $10.00B
In 2022, Procter & Gamble reported buyback spend of $10.00B, declined 9.1% below 2021.
Procter & Gamble Buyback Spend 2021: $11.01B
Procter & Gamble buyback spend in 2021 was $11.01B.
See more financial history for Procter & Gamble (PG).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $6.50B | $476.00M | $6.02B | 1.66% | 2.45B | -0.7% | |
| 2024 | $5.01B | $562.00M | $4.44B | 1.24% | 2.47B | -0.5% | |
| 2023 | $7.35B | $545.00M | $6.81B | 1.96% | 2.48B | -2.2% | |
| 2022 | $10.00B | $528.00M | $9.47B | 2.76% | 2.54B | -2.4% | |
| 2021 | $11.01B | $540.00M | $10.47B | 3.26% | 2.60B | -0.9% | |
| 2020 | $7.41B | $558.00M | $6.85B | 2.43% | 2.63B | +3.4% | |
| 2019 | $5.00B | $515.00M | $4.49B | 1.81% | 2.54B | -4.4% | |
| 2018 | $7.00B | $395.00M | $6.61B | 3.46% | 2.66B | -3.1% | |
| 2017 | $5.20B | $366.00M | $4.84B | 2.26% | 2.74B | -3.7% | |
| 2016 | $5.73B | $342.00M | $5.39B | 2.46% | 2.84B | -1.4% | |
| 2015 | $4.60B | $337.00M | $4.27B | 1.92% | 2.88B | -0.7% | |
| 2014 | $6.00B | $360.00M | $5.64B | 2.73% | 2.90B | -0.9% | |
| 2013 | $5.99B | $346.00M | $5.64B | 2.70% | 2.93B | -0.4% | |
| 2012 | $4.02B | $377.00M | $3.65B | 2.33% | 2.94B | -2.0% | |
| 2011 | $7.04B | $414.00M | $6.63B | 4.02% | 3.00B | -3.1% | |
| 2010 | $6.00B | $453.00M | $5.55B | 3.49% | 3.10B | -1.7% | |
| 2009 | $6.37B | $516.00M | $5.85B | 4.27% | 3.15B | -4.9% | |
| 2008 | $10.05B | $555.00M | $9.49B | 5.48% | 3.32B | -2.4% | |
| 2007 | $5.58B | $0.00 | $5.58B | 2.92% | 3.40B | +3.4% | |
| 2006 | $16.83B | $0.00 | $16.83B | 9.43% | 3.29B | +20.1% | |
| 2005 | $5.03B | $0.00 | $5.03B | 3.92% | 2.74B | -1.9% | |
| 2004 | $4.07B | $0.00 | $4.07B | 2.94% | 2.79B | -0.4% | |
| 2003 | $1.24B | $0.00 | $1.24B | 1.07% | 2.80B | -0.3% | |
| 2002 | $568.00M | $0.00 | $568.00M | 0.48% | 2.81B | -0.0% | |
| 2001 | $1.25B | $0.00 | $1.25B | 1.53% | 2.81B | +3.4% | |
| 2000 | $1.77B | $0.00 | $1.77B | — | 2.72B | -1.2% | |
| 1999 | $2.53B | $0.00 | $2.53B | — | 2.75B | -11.7% | |
| 1998 | $1.93B | $0.00 | $1.93B | — | 3.12B | +3.5% | |
| 1997 | $1.65B | $0.00 | $1.65B | — | 3.01B | +0.2% | |
| 1996 | $432.00M | $0.00 | $432.00M | — | 3.00B | — | |
| 1995 | $114.00M | $0.00 | $114.00M | — | — | — | |
| 1994 | $14.00M | $0.00 | $14.00M | — | — | — | |
| 1993 | $55.00M | $0.00 | $55.00M | — | — | — | |
| 1992 | $49.00M | $0.00 | $49.00M | — | — | — | |
| 1991 | $837.00M | $0.00 | $837.00M | — | — | — | |
| 1990 | $179.00M | $0.00 | $179.00M | — | — | — |
- 2025$6.50B
- 2024$5.01B
- 2023$7.35B
- 2022$10.00B
- 2021$11.01B
- 2020$7.41B
- 2019$5.00B
- 2018$7.00B
- 2017$5.20B
- 2016$5.73B
- 2015$4.60B
- 2014$6.00B
- 2013$5.99B
- 2012$4.02B
- 2011$7.04B
- 2010$6.00B
- 2009$6.37B
- 2008$10.05B
- 2007$5.58B
- 2006$16.83B
- 2005$5.03B
- 2004$4.07B
- 2003$1.24B
- 2002$568.00M
- 2001$1.25B
- 2000$1.77B
- 1999$2.53B
- 1998$1.93B
- 1997$1.65B
- 1996$432.00M
- 1995$114.00M
- 1994$14.00M
- 1993$55.00M
- 1992$49.00M
- 1991$837.00M
- 1990$179.00M
Buybacks vs stock-based compensation for Procter & Gamble (PG)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 9.59×.
Buybacks vs dividends (share of cash returned) for Procter & Gamble (PG)
How Procter & Gamble splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Procter & Gamble, ranked by their latest buyback spend.
| $8.09B | |
| $2.38B | |
| $1.00B | |
| $1.00B | |
| $903.00M | |
| $746.00M | |
| $103.65M | |
| $0.00 |
- $8.09B
- $1.00B
- $1.00B
- $903.00M
- $746.00M
- $103.65M
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 $4.85B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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