T-Mobile US (TMUS) Stock Buyback History
TTM buyback yield 5.33% · Shareholder yield (TTM) 5.33%.
TMUS
TTM buyback yield
5.33%
Shareholder yield (TTM)
5.33%
5Y share count change
-2.1%
TTM buyback spend
$12.31B
SBC coverage (TTM)
14.44x
YoY change in spend
-11.2%
5Y CAGR of spend
-12.6%
Peak year (2020)
$19.54B
Cumulative spend
$58.79B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- T-Mobile US (TMUS) repurchased about $12.31B of stock over the trailing twelve months.
- Diluted share count is down 2.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 14.44× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -12.6% per year over the latest 5-year window.
- TTM repurchases used about 88% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $9.97B | $829.00M | $9.14B | 1.13B | -3.6% | 4.40% |
| 2024 | $11.23B | $649.00M | $10.58B | 1.17B | -2.3% | 4.35% |
| 2023 | $13.07B | $667.00M | $12.41B | 1.20B | -4.4% | 7.05% |
| 2022 | $3.00B | $595.00M | $2.40B | 1.26B | 0.0% | 1.73% |
| 2021 | $316.00M | $540.00M | −$224.00M | 1.25B | 8.7% | 0.22% |
| 2020 | $19.54B | $694.00M | $18.84B | 1.15B | 33.7% | 11.67% |
| 2019 | $156.00M | $495.00M | −$339.00M | 0.86B | 0.6% | 0.23% |
| 2018 | $1.07B | $424.00M | $647.00M | 0.86B | -1.5% | 1.98% |
| 2017 | $427.00M | $306.00M | $121.00M | 0.87B | 4.6% | 0.80% |
| 2016 | $0.00 | $235.00M | −$235.00M | 0.83B | 1.3% | — |
| 2015 | $0.00 | $201.00M | −$201.00M | 0.82B | 0.8% | — |
| 2014 | $0.00 | $196.00M | −$196.00M | 0.82B | 20.5% | — |
| 2013 | $0.00 | $100.00M | −$100.00M | 0.68B | 271.0% | — |
| 2012 | $4.33M | $37.97M | −$33.64M | 0.18B | 0.3% | 0.12% |
| 2011 | $4.92M | $41.79M | −$36.87M | 0.18B | 2.2% | 0.16% |
| 2010 | $1.91M | $46.54M | −$44.62M | 0.18B | 0.1% | 0.04% |
| 2009 | $0.00 | $47.78M | −$47.78M | 0.18B | 0.2% | — |
| 2008 | $0.00 | $41.14M | −$41.14M | 0.18B | 19.9% | — |
| 2007 | $0.00 | $0.00 | $0.00 | 0.15B | 81.3% | — |
| 2006 | $0.00 | $0.00 | $0.00 | 0.08B | 4.1% | — |
| 2005 | $0.00 | $0.00 | $0.00 | 0.08B | 4.3% | — |
| 2004 | $0.00 | $0.00 | $0.00 | 0.08B | -7.8% | — |
| 2003 | $0.00 | $0.00 | $0.00 | 0.08B | 0.0% | — |
| 2002 | $0.00 | $0.00 | $0.00 | 0.08B | 0.0% | — |
| 2001 | $0.00 | $0.00 | $0.00 | 0.08B | 0.0% | — |
| 2000 | $0.00 | $0.00 | $0.00 | 0.08B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for T-Mobile US (TMUS) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for T-Mobile US (TMUS)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for T-Mobile US (TMUS)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $9.97B | -11.2% | -$1.25B | ||
| 2024 | $11.23B | -14.1% | -$1.85B | ||
| 2023 | $13.07B | +335.8% | +$10.07B | ||
| 2022 | $3.00B | +849.4% | +$2.68B | ||
| 2021 | $316.00M | -98.4% | -$19.22B | ||
| 2020 | $19.54B | +12423.1% | +$19.38B | ||
| 2019 | $156.00M | -85.4% | -$915.00M | ||
| 2018 | $1.07B | +150.8% | +$644.00M | ||
| 2017 | $427.00M | — | +$427.00M | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | -100.0% | -$4.33M | ||
| 2012 | $4.33M | -12.0% | -$588,000 | ||
| 2011 | $4.92M | +156.9% | +$3.00M | ||
| 2010 | $1.91M | — | +$1.91M | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | $0 | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | — |
T-Mobile US (TMUS) most recent annual buyback spend stands at $9.97B (2025) – declined 11.2% year-over-year.
T-Mobile US buyback spend has contracted on net over the period, with a -12.6% compound annual growth rate over 2020–2025 (5 years).
T-Mobile US buyback spend plunged from $19.54B in 2020 to $9.97B in 2025, a 48.9% drawdown.
The highest annual buyback spend of $19.54B was reported in 2020. The lowest in the available history was $0 in 2000.
Among 8 Communication Services peers, T-Mobile US (TMUS) ranks 3rd; the peer median for buyback spend is $5.83B.
T-Mobile US Buyback Spend 2025: $9.97B
T-Mobile US buyback spend in 2025 was $9.97B, declined 11.2% below 2024.
T-Mobile US Buyback Spend 2024: $11.23B
T-Mobile US buyback spend in 2024 was $11.23B, declined 14.1% below 2023.
T-Mobile US Buyback Spend 2023: $13.07B
T-Mobile US buyback spend in 2023 was $13.07B, surged 335.8% from 2022.
T-Mobile US Buyback Spend 2022: $3.00B
T-Mobile US buyback spend in 2022 was $3.00B, surged 849.4% from 2021.
T-Mobile US Buyback Spend 2021: $316.00M
T-Mobile US buyback spend in 2021 was $316.00M.
See more financial history for T-Mobile US (TMUS).
Sector peers by buyback spend
Companies in the same sector as T-Mobile US, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Alphabet (GOOGL) | $45.71B | Communication Services |
| Meta (META) | $26.25B | Communication Services |
| Netflix (NFLX) | $9.13B | Communication Services |
| Comcast (CMCSA) | $7.16B | Communication Services |
| AT&T (T) | $4.50B | Communication Services |
| Walt Disney (DIS) | $3.50B | Communication Services |
| Spotify (SPOT) | $439.00M | Communication Services |
| Verizon (VZ) | $0 | Communication Services |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
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.
Dividend & buyback yield over time
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.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 14.44×.
Capital allocation mix
How T-Mobile US splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
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 $13.96B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from T-Mobile US's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does T-Mobile US buy back its own stock?
Yes, T-Mobile US (TMUS) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does T-Mobile US spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $12.31B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is T-Mobile US's buyback yield?
TTM buyback yield is about 5.33% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is T-Mobile US's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 5.33% combined (TTM-based where available).
Is T-Mobile US 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 T-Mobile US's share count changed?
Diluted weighted average shares changed by about -2.1% over roughly five fiscal years (annual income statement data).
What is T-Mobile US's buyback spend?
Latest reported buyback spend for T-Mobile US (TMUS) is $12.31B (period ending March 31, 2026).
How has T-Mobile US buyback spend changed year-over-year?
T-Mobile US (TMUS) buyback spend changed -11.2% year-over-year on the latest annual filing.
What is the long-term growth rate of T-Mobile US buyback spend?
T-Mobile US (TMUS) buyback spend compound annual growth rate is -12.6% over the most recent 5 years available.
When did T-Mobile US buyback spend hit its highest annual value?
T-Mobile US buyback spend reached its highest annual value of $19.54B in 2020.
What was T-Mobile US buyback spend in 2024?
T-Mobile US (TMUS) buyback spend in 2024 was $11.23B.
What was T-Mobile US buyback spend in 2025?
T-Mobile US (TMUS) buyback spend in 2025 was $9.97B.
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