3M has retired 35.3% of its shares since 1999, from 797,178,778 to 515,722,417.
At $164.75 a share, a market value of $85.0B. P/E 28.4, trailing twelve months to June 2026.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 1999 | 2000-01-31 | 797,178,778 | 10-K | cover page |
| 2000 | 2001-01-31 | 792,284,754 | 10-K405 | cover page |
| 2001 | 2002-01-31 | 780,325,330 | 10-K405 | cover page |
| 2002 | 2003-01-31 | 779,957,730 | 10-K | cover page |
| 2003 | 2004-01-31 | 783,623,609 | 10-K | cover page |
| 2004 | 2005-01-31 | 772,422,684 | 10-K | cover page |
| 2005 | 2006-01-31 | 754,988,840 | 10-K | cover page |
| 2006 | 2007-01-31 | 733,885,504 | 10-K | cover page |
| 2007 | 2008-01-31 | 707,662,632 | 10-K | cover page |
| 2008 | 2008-12-31 | 693,543,287 | 10-K | |
| 2009 | 2010-01-31 | 711,733,377 | 10-K | |
| 2010 | 2011-01-31 | 711,805,978 | 10-K | |
| 2011 | 2012-01-31 | 694,543,763 | 10-K | |
| 2012 | 2013-01-31 | 689,990,255 | 10-K | |
| 2013 | 2014-01-31 | 662,692,234 | 10-K | |
| 2014 | 2015-01-31 | 634,749,706 | 10-K | |
| 2015 | 2016-01-31 | 605,038,186 | 10-K | |
| 2016 | 2017-01-31 | 596,200,000 | 10-K | |
| 2017 | 2018-01-31 | 595,500,000 | 10-K | |
| 2018 | 2019-01-31 | 575,800,000 | 10-K | |
| 2019 | 2020-01-31 | 575,600,000 | 10-K | |
| 2020 | 2021-01-31 | 579,100,000 | 10-K | |
| 2021 | 2022-01-31 | 571,100,000 | 10-K | |
| 2022 | 2023-01-31 | 550,500,000 | 10-K | |
| 2023 | 2024-01-31 | 552,700,000 | 10-K | |
| 2024 | 2025-01-31 | 542,900,000 | 10-K | |
| 2025 | 2026-01-31 | 526,700,000 | 10-K |
Source: all 10-K filings of 3M 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 $164.75.
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Yes. 3M has 2.9% fewer shares outstanding than twelve months ago, 515,722,417 as of June 30, 2026. Over five years the share count is down 10.5%.
Net of every new share it issued, 3M has 281.5 million fewer shares than at its 1999 peak. That is 35.3% of the company. Since fiscal 2007 alone it bought back about 374.5 million shares, while the count fell by 191.9 million. The difference went to employees and other new shares.
515,722,417 shares, as of June 30, 2026, from the cover page of its latest 10-Q. At the 1999 peak it had 797,178,778.
Each share is a bigger slice of the company. Someone who held 3M stock in 1999 owns 1.5 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.
3M ranks No. 215 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Bank of America (35.4%), Johnson Controls International (35.3%), Adobe (35.1%), Trinet Group (35.1%).
Every answer is computed from 3M'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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