Buyback yield (TTM)
3.67%
Shareholder yield (TTM)
9.34%
5Y share count change
-3.2%
Buyback spend (TTM)
$739.20M
Cumulative buybacks
$11.16B
Key takeaways
- T. Rowe Price (TROW) repurchased about $739.20M of stock over the trailing twelve months.
- Diluted share count is down 3.2% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 4.14× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -12.4% per year over the latest 5-year window.
- TTM repurchases used about 62% of free cash flow remaining after dividends.
Dividend & buyback yield over time for T. Rowe Price (TROW)
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 T. Rowe Price (TROW)
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 T. Rowe Price (TROW)
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 T. Rowe Price (TROW)
Latest: $620.90M
Overview
In 2025, T. Rowe Price (TROW) buyback spend totalled $620.90M – surged 84.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, T. Rowe Price buyback spend compounded at -12.4% per year, sustaining 2 straight years of year-over-year growth.
Between 2020 and 2025, T. Rowe Price buyback spend plunged 48.3%, falling from $1.20B to $620.90M.
$1.20B stands as the all-time-high annual buyback spend, posted in 2020, against a low of $0.00 during 1989.
T. Rowe Price Buyback Spend 2025: $620.90M
In 2025, T. Rowe Price reported buyback spend of $620.90M, surged 84.1% from 2024.
T. Rowe Price Buyback Spend 2024: $337.20M
T. Rowe Price buyback spend in 2024 was $337.20M, surged 32.5% from 2023.
T. Rowe Price Buyback Spend 2023: $254.40M
2023's buyback spend for T. Rowe Price came in at $254.40M, plunged 70.1% below 2022.
T. Rowe Price Buyback Spend 2022: $849.80M
T. Rowe Price posted buyback spend of $849.80M in 2022, declined 25.4% below 2021.
T. Rowe Price Buyback Spend 2021: $1.14B
T. Rowe Price buyback spend in 2021 was $1.14B.
See more financial history for T. Rowe Price (TROW).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $620.90M | $216.90M | $404.00M | 2.71% | 0.22B | +0.2% | |
| 2024 | $337.20M | $247.30M | $89.90M | 1.34% | 0.22B | -0.7% | |
| 2023 | $254.40M | $265.60M | −$11.20M | 1.06% | 0.22B | -1.0% | |
| 2022 | $849.80M | $285.40M | $564.40M | 3.48% | 0.23B | -0.7% | |
| 2021 | $1.14B | $274.60M | $863.90M | 2.57% | 0.23B | -1.0% | |
| 2020 | $1.20B | $246.20M | $955.70M | 3.50% | 0.23B | -3.1% | |
| 2019 | $705.80M | $206.60M | $499.20M | 2.47% | 0.24B | -3.4% | |
| 2018 | $1.09B | $197.10M | $893.30M | 4.93% | 0.25B | +0.7% | |
| 2017 | $458.10M | $152.00M | $306.10M | 1.79% | 0.25B | -2.1% | |
| 2016 | $676.90M | $161.60M | $515.30M | 3.72% | 0.25B | -4.1% | |
| 2015 | $987.80M | $149.00M | $838.80M | 5.60% | 0.26B | -2.4% | |
| 2014 | $415.50M | $133.40M | $282.10M | 1.87% | 0.27B | +0.4% | |
| 2013 | $14.10M | $114.60M | −$100.50M | 0.06% | 0.27B | +2.0% | |
| 2012 | $135.20M | $104.10M | $31.10M | 0.81% | 0.26B | -0.9% | |
| 2011 | $479.70M | $98.70M | $381.00M | 3.26% | 0.26B | -0.7% | |
| 2010 | $240.00M | $89.50M | $150.50M | 1.44% | 0.27B | +1.1% | |
| 2009 | $71.00M | $89.10M | −$18.10M | 0.52% | 0.26B | -2.9% | |
| 2008 | $614.20M | $85.50M | $528.70M | 6.79% | 0.27B | -3.3% | |
| 2007 | $312.10M | $79.80M | $232.30M | 1.96% | 0.28B | +0.2% | |
| 2006 | $171.00M | $0.00 | $171.00M | 1.47% | 0.28B | +2.0% | |
| 2005 | $75.85M | $0.00 | $75.85M | 0.80% | 0.27B | +1.8% | |
| 2004 | $18.33M | $0.00 | $18.33M | 0.23% | 0.27B | +4.0% | |
| 2003 | $19.96M | $0.00 | $19.96M | 0.33% | 0.26B | +1.1% | |
| 2002 | $95.77M | $0.00 | $95.77M | 2.87% | 0.26B | -1.0% | |
| 2001 | $30.92M | $0.00 | $30.92M | 0.72% | 0.26B | -0.3% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.26B | -0.1% | |
| 1999 | $67.42M | $0.00 | $67.42M | — | 0.26B | -0.4% | |
| 1998 | $36.42M | $0.00 | $36.42M | — | 0.26B | +1.7% | |
| 1997 | $9.70M | $0.00 | $9.70M | — | 0.26B | +3.8% | |
| 1996 | $19.70M | $0.00 | $19.70M | — | 0.25B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $2.30M | $0.00 | $2.30M | — | — | — | |
| 1992 | $5.00M | $0.00 | $5.00M | — | — | — | |
| 1991 | $1.30M | $0.00 | $1.30M | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$620.90M
- 2024$337.20M
- 2023$254.40M
- 2022$849.80M
- 2021$1.14B
- 2020$1.20B
- 2019$705.80M
- 2018$1.09B
- 2017$458.10M
- 2016$676.90M
- 2015$987.80M
- 2014$415.50M
- 2013$14.10M
- 2012$135.20M
- 2011$479.70M
- 2010$240.00M
- 2009$71.00M
- 2008$614.20M
- 2007$312.10M
- 2006$171.00M
- 2005$75.85M
- 2004$18.33M
- 2003$19.96M
- 2002$95.77M
- 2001$30.92M
- 2000$0.00
- 1999$67.42M
- 1998$36.42M
- 1997$9.70M
- 1996$19.70M
- 1995$0.00
- 1994$0.00
- 1993$2.30M
- 1992$5.00M
- 1991$1.30M
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for T. Rowe Price (TROW)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 4.14×.
Buybacks vs dividends (share of cash returned) for T. Rowe Price (TROW)
How T. Rowe Price splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as T. Rowe Price, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
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 $1.20B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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