Procter & Gamble (PG) Stock Buybacks: 26.8% of Shares Retired Since 2006

Name: Procter & Gamble (PG) shares outstanding since 1999, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings

1999, 2,630,298,6922026-07-31, 2,324,433,060

A share bought in 1999

1.1× more of Procter & Gamble today, without buying another share. It was one of 2,630,298,692 shares then. It is one of 2,324,433,060 now.

Every filing we read28 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
1999	1999-07-30	2,630,298,692	10-K	cover page
2000	2000-07-31	2,612,271,172	10-K	cover page
2001	2001-07-31	2,592,186,174	10-K	cover page
2002	2002-07-31	2,600,986,824	10-K	cover page
2003	2003-07-31	2,593,120,226	10-K	cover page
2004	2004-07-31	2,542,231,468	10-K	cover page
2005	2005-07-31	2,461,253,748	10-K	cover page
2006	2005-12-31	3,175,086,100	10-K	cover page
2007	2006-12-31	3,120,750,759	10-K	cover page
2008	2007-12-31	3,034,310,829	10-K	cover page
2009	2009-07-31	2,918,890,075	10-K	cover page
2010	2010-07-31	2,838,474,868	10-K
2011	2011-07-31	2,747,768,202	10-K
2012	2012-07-31	2,754,274,536	10-K
2013	2013-07-31	2,738,760,542	10-K
2014	2014-07-31	2,707,652,337	10-K
2015	2015-07-31	2,712,561,733	10-K
2016	2016-07-31	2,668,751,125	10-K
2017	2017-07-31	2,550,014,230	10-K
2018	2018-07-31	2,488,011,390	10-K
2019	2019-06-30	2,502,259,668	10-K
2020	2020-07-31	2,486,086,692	10-K/A
2021	2021-07-31	2,427,424,874	10-K
2022	2022-07-31	2,389,553,883	10-K
2023	2023-07-31	2,357,306,187	10-K
2024	2024-07-31	2,354,050,987	10-K
2025	2025-07-31	2,342,371,488	10-K
2026	2026-07-31	2,324,433,060	10-K	cover page

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

What the buybacks cost, fiscal 2008 to 2026cash flow statement against share count

$123.6Bspent on buybacks

796Mfewer shares outstanding

1.4%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 $159.35.

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Procter & Gamble buybacks, answered

Is Procter & Gamble buying back its stock?

Yes. Procter & Gamble has 0.5% fewer shares outstanding than twelve months ago, 2,324,433,060 as of July 31, 2026. Over five years the share count is down 3.9%.

How many shares has Procter & Gamble bought back?

Net of every new share it issued, Procter & Gamble has 850.7 million fewer shares than at its 2006 peak. That is 26.8% of the company.

How many shares does Procter & Gamble have outstanding?

2,324,433,060 shares, as of July 31, 2026, from the cover page of its latest 10-K. At the 2006 peak it had 3,175,086,100.

What do Procter & Gamble's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Procter & Gamble stock in 2006 owns 1.4 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 Procter & Gamble compare with other cannibal stocks?

Procter & Gamble ranks No. 310 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Perdoceo Education (27.1%), ConocoPhillips (26.9%), Verisk Analytics (26.8%), Ashland (26.7%).

Every answer is computed from Procter & Gamble's own SEC filings and rebuilt every Monday. Latest count: 10-K on EDGAR.