Buyback yield (TTM)
3.33%
Shareholder yield (TTM)
7.32%
5Y share count change
-0.1%
Buyback spend (TTM)
$6.76B
Cumulative buybacks
$76.90B
Key takeaways
- AT&T (T) repurchased about $6.76B of stock over the trailing twelve months.
- Diluted share count is roughly flat (-0.1%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- Cash buyback spend has compounded at -3.9% per year over the latest 5-year window.
- TTM repurchases used about 73% of free cash flow remaining after dividends.
Dividend & buyback yield over time for AT&T (T)
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 AT&T (T)
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 AT&T (T)
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 AT&T (T)
Latest: $4.50B
Overview
As of the 2025 fiscal year, AT&T (T) reported buyback spend of $4.50B – surged 1993.0% year-over-year.
Through 2020–2025 (5 years), AT&T buyback spend delivered a -3.9% annualised rate; sustaining 2 straight years of year-over-year growth.
AT&T buyback spend plunged from $13.03B in 2013 to $4.50B in 2025, a 65.5% drawdown.
The highest annual buyback spend of $13.03B was reported in 2013. The lowest in the available history was $0.00 in 2009.
AT&T Buyback Spend 2025: $4.50B
AT&T posted buyback spend of $4.50B in 2025, surged 1993.0% from 2024.
AT&T Buyback Spend 2024: $215.00M
In 2024, AT&T reported buyback spend of $215.00M, grew 10.8% from 2023.
AT&T Buyback Spend 2023: $194.00M
AT&T buyback spend in 2023 was $194.00M, plunged 78.2% below 2022.
AT&T Buyback Spend 2022: $890.00M
2022's buyback spend for AT&T came in at $890.00M, surged 340.6% from 2021.
AT&T Buyback Spend 2021: $202.00M
AT&T buyback spend in 2021 was $202.00M.
See more financial history for AT&T (T).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $4.50B | $0.00 | $4.50B | 2.53% | 7.18B | -0.3% | |
| 2024 | $215.00M | $0.00 | $215.00M | 0.13% | 7.20B | -0.7% | |
| 2023 | $194.00M | $0.00 | $194.00M | 0.16% | 7.26B | -4.3% | |
| 2022 | $890.00M | $518.00M | $372.00M | 0.68% | 7.59B | +1.1% | |
| 2021 | $202.00M | $0.00 | $202.00M | 0.15% | 7.50B | +4.5% | |
| 2020 | $5.50B | $422.00M | $5.08B | 3.54% | 7.18B | -2.2% | |
| 2019 | $2.42B | $819.00M | $1.60B | 1.12% | 7.35B | +8.0% | |
| 2018 | $609.00M | $463.00M | $146.00M | 0.39% | 6.81B | +10.1% | |
| 2017 | $463.00M | $480.00M | −$17.00M | 0.26% | 6.18B | -0.1% | |
| 2016 | $512.00M | $653.00M | −$141.00M | 0.26% | 6.19B | +9.6% | |
| 2015 | $269.00M | $451.00M | −$182.00M | 0.17% | 5.65B | +8.1% | |
| 2014 | $1.62B | $318.00M | $1.30B | 1.23% | 5.22B | -3.0% | |
| 2013 | $13.03B | $458.00M | $12.57B | 9.32% | 5.38B | -7.5% | |
| 2012 | $12.75B | $511.00M | $12.24B | 8.85% | 5.82B | -2.2% | |
| 2011 | $0.00 | $0.00 | $0.00 | — | 5.95B | +0.2% | |
| 2010 | $0.00 | $0.00 | $0.00 | — | 5.94B | +0.2% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 5.92B | -0.6% | |
| 2008 | $6.08B | $0.00 | $6.08B | 4.79% | 5.96B | -3.4% | |
| 2007 | $10.39B | $0.00 | $10.39B | 5.47% | 6.17B | +58.1% | |
| 2006 | $2.68B | $0.00 | $2.68B | 2.55% | 3.90B | +15.5% | |
| 2005 | $2.57B | $0.00 | $2.57B | 3.89% | 3.38B | +1.7% | |
| 2004 | $448.00M | $0.00 | $448.00M | 0.70% | 3.32B | -0.2% | |
| 2003 | $490.00M | $0.00 | $490.00M | 0.75% | 3.33B | -0.6% | |
| 2002 | $1.46B | $0.00 | $1.46B | 2.14% | 3.35B | -1.4% | |
| 2001 | $3.54B | $0.00 | $3.54B | 3.56% | 3.40B | -1.1% | |
| 2000 | $2.25B | $0.00 | $2.25B | — | 3.43B | -0.7% | |
| 1999 | $1.17B | $0.00 | $1.17B | — | 3.46B | +0.2% | |
| 1998 | $498.00M | $0.00 | $498.00M | — | 3.45B | +87.4% | |
| 1997 | $102.00M | $0.00 | $102.00M | — | 1.84B | -6.4% | |
| 1996 | $650.00M | $0.00 | $650.00M | — | 1.97B | — | |
| 1995 | $216.00M | $0.00 | $216.00M | — | — | — | |
| 1994 | $447.00M | $0.00 | $447.00M | — | — | — | |
| 1993 | $191.10M | $0.00 | $191.10M | — | — | — | |
| 1992 | $161.50M | $0.00 | $161.50M | — | — | — | |
| 1991 | $147.30M | $0.00 | $147.30M | — | — | — | |
| 1990 | $150.30M | $0.00 | $150.30M | — | — | — | |
| 1989 | $100.20M | $0.00 | $100.20M | — | — | — |
- 2025$4.50B
- 2024$215.00M
- 2023$194.00M
- 2022$890.00M
- 2021$202.00M
- 2020$5.50B
- 2019$2.42B
- 2018$609.00M
- 2017$463.00M
- 2016$512.00M
- 2015$269.00M
- 2014$1.62B
- 2013$13.03B
- 2012$12.75B
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$6.08B
- 2007$10.39B
- 2006$2.68B
- 2005$2.57B
- 2004$448.00M
- 2003$490.00M
- 2002$1.46B
- 2001$3.54B
- 2000$2.25B
- 1999$1.17B
- 1998$498.00M
- 1997$102.00M
- 1996$650.00M
- 1995$216.00M
- 1994$447.00M
- 1993$191.10M
- 1992$161.50M
- 1991$147.30M
- 1990$150.30M
- 1989$100.20M
Buybacks vs stock-based compensation for AT&T (T)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for AT&T (T)
How AT&T splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as AT&T, ranked by their latest buyback spend.
| $45.71B | |
| $26.25B | |
| $9.97B | |
| $9.13B | |
| $7.16B | |
| $3.50B | |
| $510.99M | |
| $0.00 |
- $45.71B
- $26.25B
- $9.97B
- $9.13B
- $7.16B
- $3.50B
- $510.99M
- $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 $9.26B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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