Buyback yield (TTM)
N/A
Shareholder yield (TTM)
N/A
5Y share count change
273.7%
Buyback spend (TTM)
N/A
Cumulative buybacks
$10.30B
Key takeaways
- Diluted share count is up 273.7% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- Cash buyback spend has compounded at -100.0% per year over the latest 5-year window.
- TTM repurchases used about 0% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Warner Bros. Discovery (WBD)
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 Warner Bros. Discovery (WBD)
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 Warner Bros. Discovery (WBD)
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 Warner Bros. Discovery (WBD)
Latest: $0.00
Overview
In 2025, Warner Bros. Discovery (WBD) buyback spend totalled $0.00.
Warner Bros. Discovery buyback spend has contracted on net over the period, with a -100.0% compound annual growth rate over 2020–2025 (5 years).
Warner Bros. Discovery buyback spend plunged from $1.43B in 2016 to $0.00 in 2025, a 100.0% drawdown.
$1.43B stands as the all-time-high annual buyback spend, posted in 2016, against a low of $0.00 during 2003.
Warner Bros. Discovery Buyback Spend 2025: $0.00
Warner Bros. Discovery buyback spend in 2025 was $0.00.
Warner Bros. Discovery Buyback Spend 2024: $0.00
Warner Bros. Discovery buyback spend in 2024 was $0.00.
Warner Bros. Discovery Buyback Spend 2023: $0.00
Warner Bros. Discovery buyback spend in 2023 was $0.00.
Warner Bros. Discovery Buyback Spend 2022: $0.00
Warner Bros. Discovery buyback spend in 2022 was $0.00.
Warner Bros. Discovery Buyback Spend 2021: $0.00
Warner Bros. Discovery buyback spend in 2021 was $0.00.
See more financial history for Warner Bros. Discovery (WBD).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $0.00 | $0.00 | $0.00 | — | 2.53B | +3.3% | |
| 2024 | $0.00 | $557.00M | −$557.00M | — | 2.45B | +0.6% | |
| 2023 | $0.00 | $500.00M | −$500.00M | — | 2.44B | +25.6% | |
| 2022 | $0.00 | $412.00M | −$412.00M | — | 1.94B | +190.4% | |
| 2021 | $0.00 | $178.00M | −$178.00M | — | 0.67B | -1.3% | |
| 2020 | $969.00M | $110.00M | $859.00M | 6.59% | 0.68B | -5.6% | |
| 2019 | $633.00M | $142.00M | $491.00M | 3.67% | 0.72B | +4.2% | |
| 2018 | $0.00 | $80.00M | −$80.00M | — | 0.69B | +19.4% | |
| 2017 | $603.00M | $39.00M | $564.00M | 7.07% | 0.58B | -5.6% | |
| 2016 | $1.43B | $69.00M | $1.36B | 13.28% | 0.61B | -7.0% | |
| 2015 | $957.00M | $35.00M | $922.00M | 8.38% | 0.66B | -4.5% | |
| 2014 | $1.42B | $78.00M | $1.34B | 9.34% | 0.69B | -4.8% | |
| 2013 | $1.30B | $190.00M | $1.11B | 8.66% | 0.72B | -2.7% | |
| 2012 | $1.38B | $154.00M | $1.23B | 12.31% | 0.74B | -8.4% | |
| 2011 | $997.00M | $99.00M | $898.00M | 12.70% | 0.81B | -5.6% | |
| 2010 | $605.00M | $182.00M | $423.00M | 4.94% | 0.86B | +0.9% | |
| 2009 | $0.00 | $228.00M | −$228.00M | — | 0.85B | +32.0% | |
| 2008 | $0.00 | $66.00M | −$66.00M | — | 0.64B | +14.6% | |
| 2007 | $0.00 | $0.00 | $0.00 | — | 0.56B | -2.3% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.57B | +2.6% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.56B | 0.0% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.56B | 0.0% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.56B | — |
- 2025$0.00
- 2024$0.00
- 2023$0.00
- 2022$0.00
- 2021$0.00
- 2020$969.00M
- 2019$633.00M
- 2018$0.00
- 2017$603.00M
- 2016$1.43B
- 2015$957.00M
- 2014$1.42B
- 2013$1.30B
- 2012$1.38B
- 2011$997.00M
- 2010$605.00M
- 2009$0.00
- 2008$0.00
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$0.00
Buybacks vs stock-based compensation for Warner Bros. Discovery (WBD)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.00×.
Buybacks vs dividends (share of cash returned) for Warner Bros. Discovery (WBD)
How Warner Bros. Discovery splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Warner Bros. Discovery, ranked by their latest buyback spend.
| $45.71B | |
| $26.25B | |
| $9.97B | |
| $9.13B | |
| $4.50B | |
| $3.50B | |
| $510.99M | |
| $0.00 |
- $45.71B
- $26.25B
- $9.97B
- $9.13B
- $4.50B
- $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 $2.31B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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