Buyback Radar
Company reports

Herbalife

HLF

Herbalife has retired 49.2% of its shares since 2012, from 206,175,172 to 104,803,380.

49.2%retired since 2012
6.5%last 5 years
-1.4%last 12 months
105Mshares today
Shares outstanding, 2012 to todaysplit adjusted, from SEC filings
a quarter gone 2017half gone 2021206M shares, 2012105M201520202025
2012, 206,175,1722026-07-29, 104,803,380
A share bought in 2012
2.0× more of Herbalife today, without buying another share. It was one of 206,175,172 shares then. It is one of 104,803,380 now.
Every filing we read14 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20122013-02-13206,175,17210-K
20132014-02-12202,490,01610-K
20142015-02-18184,254,25610-K
20152016-02-18185,347,20610-K
20162017-02-16186,169,35010-K
20172018-02-15174,839,29410-K
20182019-02-12152,864,11210-K
20192020-02-11147,525,84910-K
20202021-02-10117,916,77610-K
20212022-02-16109,774,17710-K
20222023-02-0797,920,72810-K
20232024-02-0799,261,80010-K
20242025-02-12101,197,03710-K
20252026-02-11103,365,56510-K

Source: all 10-K filings of Herbalife on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2013cash flow statement against share count
$5.3Bspent on buybacks
101Mfewer shares outstanding
0.5%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $14.60.

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Herbalife buybacks, answered

Is Herbalife buying back its stock?

Not on a net basis. Herbalife has 1.4% more shares outstanding than twelve months ago. Whatever it bought back did not cover the new shares it issued. Over five years the share count is down 6.5%.

How many shares has Herbalife bought back?

Net of every new share it issued, Herbalife has 101.4 million fewer shares than at its 2012 peak. That is 49.2% of the company. Since fiscal 2013 alone it bought back about 140.9 million shares, while the count fell by 97.7 million. The difference went to employees and other new shares.

How many shares does Herbalife have outstanding?

104,803,380 shares, as of July 29, 2026, from the cover page of its latest 10-Q. At the 2012 peak it had 206,175,172.

What do Herbalife's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Herbalife stock in 2012 owns 2.0 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Herbalife compare with other cannibal stocks?

Herbalife ranks No. 64 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: American Express (49.6%), Lockheed Martin (49.4%), Amgen (48.4%), Flexsteel (48.3%).

Every answer is computed from Herbalife's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Seth KlarmanBaupost Group9,259,844 shares, $122K, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

L'Helias SophieDirector2026-06-04, 1,200 shares at $11.31 $14K total
L'Helias SophieDirector2025-12-01, 800 shares at $12.70 $10K total
L'Helias SophieDirector2025-11-26, 400 shares at $13.22 $5K total
Cloud LyndaDirector2025-11-18, 17,000 shares at $8.97 $152K total

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Herbalife in depth on Cannibal Stocks.

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