Toll Brothers (TOL) Stock Buyback History
TTM buyback yield 5.00% · Shareholder yield (TTM) 5.00%.
TTM buyback yield
5.00%
Shareholder yield (TTM)
5.00%
5Y share count change
-24.0%
TTM buyback spend
$676.14M
SBC coverage (TTM)
21.56x
YoY change in spend
+3.8%
5Y CAGR of spend
+0.5%
Peak year (2025)
$651.02M
Cumulative spend
$5.47B
TTM metrics calculated from the four most recent reported quarters, ending .
Key takeaways
- Toll Brothers (TOL) repurchased about $676.14M of stock over the trailing twelve months.
- Diluted share count is down 24.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 21.56× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +0.5% per year over the latest 5-year window.
- TTM repurchases used about 60% 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 | $651.02M | $30.83M | $620.18M | 0.10B | -4.7% | 4.99% |
| 2024 | $627.06M | $29.56M | $597.50M | 0.10B | -5.7% | 4.21% |
| 2023 | $561.60M | $24.80M | $536.79M | 0.11B | -5.9% | 7.39% |
| 2022 | $542.74M | $21.09M | $521.64M | 0.12B | -6.2% | 11.16% |
| 2021 | $378.26M | $23.19M | $355.07M | 0.13B | -4.1% | 5.06% |
| 2020 | $634.06M | $24.33M | $609.73M | 0.13B | -10.4% | 11.78% |
| 2019 | $233.52M | $26.18M | $207.34M | 0.15B | -5.0% | 4.14% |
| 2018 | $503.16M | $28.31M | $474.85M | 0.15B | -9.0% | 10.10% |
| 2017 | $290.88M | $28.47M | $262.42M | 0.17B | -3.7% | 3.97% |
| 2016 | $392.77M | $26.68M | $366.09M | 0.18B | -4.7% | 8.73% |
| 2015 | $56.89M | $22.90M | $33.98M | 0.18B | -0.6% | 0.90% |
| 2014 | $90.75M | $21.66M | $69.10M | 0.19B | 4.4% | 1.60% |
| 2013 | $15.38M | $19.04M | −$3.66M | 0.18B | 4.6% | 0.28% |
| 2012 | $505.00K | $15.57M | −$15.07M | 0.17B | 1.1% | 0.01% |
| 2011 | $49.10M | $12.77M | $36.33M | 0.17B | 1.6% | 1.69% |
| 2010 | $588.00K | $11.68M | −$11.09M | 0.17B | 2.5% | 0.02% |
| 2009 | $1.47M | $10.99M | −$9.51M | 0.16B | 1.8% | 0.05% |
| 2008 | $1.99M | $23.25M | −$21.26M | 0.16B | -3.3% | 0.05% |
| 2007 | $1.82M | $27.46M | −$25.64M | 0.16B | -0.4% | 0.05% |
| 2006 | $109.84M | $27.08M | $82.76M | 0.16B | -2.2% | 2.46% |
| 2005 | $118.77M | $200.00K | $118.57M | 0.17B | 3.8% | 2.07% |
| 2004 | $20.24M | $0.00 | $20.24M | 0.16B | 7.4% | 0.57% |
| 2003 | $25.57M | $0.00 | $25.57M | 0.15B | 0.1% | 0.94% |
| 2002 | $31.09M | $0.00 | $31.09M | 0.15B | -2.4% | 2.16% |
| 2001 | $71.77M | $0.00 | $71.77M | 0.15B | 3.4% | 6.58% |
| 2000 | $33.23M | $0.00 | $33.23M | 0.15B | -0.1% | — |
| 1999 | $16.70M | $0.00 | $16.70M | 0.15B | -2.4% | — |
| 1998 | $3.30M | $0.00 | $3.30M | 0.15B | 5.6% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.15B | 1.4% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.14B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1990 | $800.00K | $0.00 | $800.00K | — | — | — |
| 1989 | $600.00K | $0.00 | $600.00K | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Toll Brothers (TOL) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Toll Brothers (TOL)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Toll Brothers (TOL)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $651.02M | +3.8% | +$23.95M | ||
| 2024 | $627.06M | +11.7% | +$65.47M | ||
| 2023 | $561.60M | +3.5% | +$18.86M | ||
| 2022 | $542.74M | +43.5% | +$164.48M | ||
| 2021 | $378.26M | -40.3% | -$255.80M | ||
| 2020 | $634.06M | +171.5% | +$400.53M | ||
| 2019 | $233.52M | -53.6% | -$269.64M | ||
| 2018 | $503.16M | +73.0% | +$212.28M | ||
| 2017 | $290.88M | -25.9% | -$101.89M | ||
| 2016 | $392.77M | +590.4% | +$335.88M | ||
| 2015 | $56.89M | -37.3% | -$33.87M | ||
| 2014 | $90.75M | +490.2% | +$75.38M | ||
| 2013 | $15.38M | +2945.0% | +$14.87M | ||
| 2012 | $505,000 | -99.0% | -$48.60M | ||
| 2011 | $49.10M | +8250.7% | +$48.51M | ||
| 2010 | $588,000 | -60.1% | -$885,000 | ||
| 2009 | $1.47M | -26.1% | -$521,000 | ||
| 2008 | $1.99M | +9.7% | +$176,000 | ||
| 2007 | $1.82M | -98.3% | -$108.03M | ||
| 2006 | $109.84M | -7.5% | -$8.92M | ||
| 2005 | $118.77M | +486.8% | +$98.53M | ||
| 2004 | $20.24M | -20.8% | -$5.32M | ||
| 2003 | $25.57M | -17.8% | -$5.52M | ||
| 2002 | $31.09M | -56.7% | -$40.68M | ||
| 2001 | $71.77M | +116.0% | +$38.53M | ||
| 2000 | $33.23M | +99.0% | +$16.53M | ||
| 1999 | $16.70M | +406.1% | +$13.40M | ||
| 1998 | $3.30M | — | +$3.30M | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | -100.0% | -$800,000 | ||
| 1990 | $800,000 | +33.3% | +$200,000 | ||
| 1989 | $600,000 | — | — |
In 2025, Toll Brothers (TOL) buyback spend totalled $651.02M – edged up 3.8% year-over-year.
Toll Brothers buyback spend compound annual growth for the 2020–2025 (5 years) window is +0.5%, sustaining 4 straight years of year-over-year growth.
Across the available history, buyback spend reached its high of $651.02M in 2025 and its low of $0 in 1991.
Within Consumer Cyclical, Toll Brothers (TOL) ranks 5th among 8 peers we track. The peer median for buyback spend is $1.03B.
Toll Brothers Buyback Spend 2025: $651.02M
Toll Brothers buyback spend in 2025 was $651.02M, edged up 3.8% from 2024. This figure represents the highest annual value in the available history.
Toll Brothers Buyback Spend 2024: $627.06M
Toll Brothers buyback spend in 2024 was $627.06M, grew 11.7% from 2023.
Toll Brothers Buyback Spend 2023: $561.60M
Toll Brothers buyback spend in 2023 was $561.60M, edged up 3.5% from 2022.
Toll Brothers Buyback Spend 2022: $542.74M
Toll Brothers buyback spend in 2022 was $542.74M, surged 43.5% from 2021.
Toll Brothers Buyback Spend 2021: $378.26M
Toll Brothers buyback spend in 2021 was $378.26M.
See more financial history for Toll Brothers (TOL).
Sector peers by buyback spend
Companies in the same sector as Toll Brothers, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Alibaba (BABA) | $7.64B | Consumer Cyclical |
| Booking Holdings (BKNG) | $6.44B | Consumer Cyclical |
| TJX Companies (TJX) | $2.52B | Consumer Cyclical |
| McDonald's (MCD) | $2.06B | Consumer Cyclical |
| Amazon (AMZN) | $0 | Consumer Cyclical |
| Tesla (TSLA) | $0 | Consumer Cyclical |
| Home Depot (HD) | $0 | Consumer Cyclical |
| PDD Holdings (PDD) | $0 | Consumer Cyclical |
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: 21.56×.
Capital allocation mix
How Toll Brothers 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 $1.12B (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 Toll Brothers'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 Toll Brothers buy back its own stock?
Yes, Toll Brothers (TOL) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Toll Brothers spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $676.14M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Toll Brothers's buyback yield?
TTM buyback yield is about 5.00% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Toll Brothers's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 5.00% combined (TTM-based where available).
Is Toll Brothers 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 Toll Brothers's share count changed?
Diluted weighted average shares changed by about -24.0% over roughly five fiscal years (annual income statement data).
What is Toll Brothers's buyback spend?
Latest reported buyback spend for Toll Brothers (TOL) is $676.14M (period ending April 30, 2026).
How has Toll Brothers buyback spend changed year-over-year?
Toll Brothers (TOL) buyback spend changed +3.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Toll Brothers buyback spend?
Toll Brothers (TOL) buyback spend compound annual growth rate is +0.5% over the most recent 5 years available.
When did Toll Brothers buyback spend hit its highest annual value?
Toll Brothers buyback spend reached its highest annual value of $651.02M in 2025.
What was Toll Brothers buyback spend in 2024?
Toll Brothers (TOL) buyback spend in 2024 was $627.06M.
What was Toll Brothers buyback spend in 2025?
Toll Brothers (TOL) buyback spend in 2025 was $651.02M.
Explore more
TOL Overview
Company profile, financial tools, and key metrics
TOL What If Invested
What if you had invested $1,000? See historical returns from any date.
TOL How It Makes Money
Discover visual breakdown — where revenue comes from and where it goes.
TOL Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
TOL Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
TOL Daily Price Character
Explosive · 45.5% historical win rate (green days). Streaks & record days.
TOL Stock Split History
4 splits on record. Dates, ratios, and cumulative multiple.
TOL Dividend Profile
Yield: 0.73%. Safety: 6/7. See full history.
TOL Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
TOL Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
TOL Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
TOL Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.