Lowe's has retired 64.4% of its shares since 2004, from 1,576,050,630 to 561,054,019.
At $197.38 a share, a market value of $110.7B. FCF yield 6.3%, P/E 16.7, trailing twelve months to July 2026.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 1999 | 1999-04-02 | 1,436,868,324 | 10-K405 | cover page |
| 2000 | 2000-03-31 | 1,530,117,144 | 10-K405 | cover page |
| 2001 | 2001-03-23 | 1,538,342,960 | 10-K405 | cover page |
| 2002 | 2002-04-01 | 1,553,551,868 | 10-K | cover page |
| 2003 | 2003-04-04 | 1,559,596,864 | 10-K | cover page |
| 2004 | 2004-03-26 | 1,576,050,630 | 10-K | cover page |
| 2005 | 2005-04-01 | 1,548,843,626 | 10-K | cover page |
| 2006 | 2006-03-31 | 1,551,613,794 | 10-K | cover page |
| 2007 | 2007-03-23 | 1,510,309,351 | 10-K | cover page |
| 2008 | 2008-03-28 | 1,461,815,744 | 10-K | cover page |
| 2009 | 2009-01-30 | 1,470,000,000 | 10-K/A | |
| 2010 | 2010-03-26 | 1,443,389,268 | 10-K/A | |
| 2011 | 2011-03-25 | 1,318,320,422 | 10-K | |
| 2012 | 2012-03-30 | 1,198,910,882 | 10-K/A | |
| 2013 | 2013-03-28 | 1,088,511,808 | 10-K | |
| 2014 | 2014-03-28 | 1,018,776,409 | 10-K | |
| 2015 | 2015-03-27 | 951,704,640 | 10-K | |
| 2016 | 2016-03-24 | 897,438,629 | 10-K | |
| 2017 | 2017-03-31 | 857,332,918 | 10-K | |
| 2018 | 2018-03-29 | 825,766,281 | 10-K | |
| 2019 | 2019-03-29 | 795,922,717 | 10-K | |
| 2020 | 2020-03-13 | 754,948,648 | 10-K | |
| 2021 | 2021-03-19 | 717,256,852 | 10-K | |
| 2022 | 2022-03-17 | 661,561,297 | 10-K | |
| 2023 | 2023-03-23 | 596,356,261 | 10-K | |
| 2024 | 2024-03-21 | 572,184,243 | 10-K | |
| 2025 | 2025-03-20 | 559,706,540 | 10-K | |
| 2026 | 2026-03-19 | 560,063,429 | 10-K |
Source: all 10-K filings of Lowe's on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.
The story
Every Monday we write about one of these companies.
Read the full storyCash 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 $197.38.
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Only enough to stand still. The share count is roughly flat over the last twelve months, at 561,054,019 as of August 25, 2026. Over five years the share count is down 16.7%.
Net of every new share it issued, Lowe's has 1.01 billion fewer shares than at its 2004 peak. That is 64.4% of the company.
561,054,019 shares, as of August 25, 2026, from the cover page of its latest 10-Q. At the 2004 peak it had 1,576,050,630.
Each share is a bigger slice of the company. Someone who held Lowe's stock in 2004 owns 2.8 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.
Lowe's ranks No. 28 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: VeriSign (64.5%), Kroger (64.5%), Sallie Mae (64.3%), Herbalife (63.5%).
Every answer is computed from Lowe's' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.
From the latest 13F filings. All superinvestors.
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