International Business Machines has retired 47.5% of its shares since 1999, from 1,793,760,770 to 942,134,390.
At $232.14 a share, a market value of $218.7B. FCF yield 6.3%, P/E 20.4, trailing twelve months to June 2026.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 1999 | 2000-03-01 | 1,793,760,770 | 10-K405 | cover page |
| 2000 | 2001-03-01 | 1,760,803,872 | 10-K | cover page |
| 2001 | 2002-03-01 | 1,716,941,848 | 10-K405 | cover page |
| 2002 | 2003-02-28 | 1,726,322,381 | 10-K | cover page |
| 2003 | 2004-02-10 | 1,699,415,513 | 10-K | cover page |
| 2004 | 2005-02-10 | 1,632,628,968 | 10-K | cover page |
| 2005 | 2006-02-10 | 1,567,313,082 | 10-K | cover page |
| 2006 | 2007-02-09 | 1,505,528,922 | 10-K | cover page |
| 2007 | 2008-02-08 | 1,384,330,881 | 10-K | cover page |
| 2008 | 2009-02-10 | 1,341,677,786 | 10-K | cover page |
| 2009 | 2010-02-10 | 1,299,003,390 | 10-K | |
| 2010 | 2011-01-31 | 1,219,536,250 | 10-K | |
| 2011 | 2012-01-31 | 1,158,661,712 | 10-K | |
| 2012 | 2013-01-31 | 1,114,509,771 | 10-K | |
| 2013 | 2014-02-10 | 1,041,340,758 | 10-K | |
| 2014 | 2015-02-10 | 988,424,172 | 10-K | |
| 2015 | 2016-02-10 | 988,424,172 | 10-K | |
| 2016 | 2017-02-10 | 943,212,551 | 10-K | |
| 2017 | 2018-02-09 | 921,167,894 | 10-K | |
| 2018 | 2019-02-08 | 889,866,256 | 10-K | |
| 2019 | 2020-02-10 | 888,408,023 | 10-K | |
| 2020 | 2021-02-10 | 893,594,090 | 10-K | |
| 2021 | 2022-02-11 | 899,309,986 | 10-K | |
| 2022 | 2023-02-10 | 907,105,611 | 10-K | |
| 2023 | 2024-02-09 | 916,744,848 | 10-K | |
| 2024 | 2025-02-10 | 927,264,332 | 10-K | |
| 2025 | 2026-02-10 | 938,034,404 | 10-K |
Source: all 10-K filings of International Business Machines on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.
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International Business Machines financialsMarket cap, income statement, balance sheet and cash flow, ten years→The story
Dillard's went up 23 times while everyone called department stores dead. Every week we dig for the next one.
Subscribe freeNot on a net basis. International Business Machines has 0.8% 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 up 5.1%.
Net of every new share it issued, International Business Machines has 851.6 million fewer shares than at its 1999 peak. That is 47.5% of the company.
942,134,390 shares, as of June 30, 2026, from the cover page of its latest 10-Q. At the 1999 peak it had 1,793,760,770.
Each share is a bigger slice of the company. Someone who held International Business Machines stock in 1999 owns 1.9 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.
International Business Machines ranks No. 110 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Tapestry (47.5%), Quest Diagnostics (47.5%), Texas Instruments (47.4%), Pathward Financial (47.3%).
Every answer is computed from International Business Machines' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.
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