United Parcel Service has retired 29.7% of its shares since 1999, from 1,210,753,454 to 850,781,582.
At $97.48 a share, a market value of $82.9B. FCF yield 6.6%, P/E 18.1, trailing twelve months to June 2026.
Early years use the fiscal-year average share count from the 10-K.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 1999 | 2000-02-29 | 1,210,753,454 | 10-K | cover page |
| 2000 | 2001-02-01 | 1,130,678,431 | 10-K | cover page |
| 2001 | 2002-02-01 | 1,115,462,779 | 10-K405 | cover page |
| 2002 | 2003-02-01 | 1,123,851,637 | 10-K | cover page |
| 2003 | 2004-02-02 | 1,129,061,584 | 10-K | cover page |
| 2004 | 2005-02-28 | 1,119,223,151 | 10-K | cover page |
| 2005 | 2006-02-28 | 1,092,122,669 | 10-K | cover page |
| 2006 | 2007-02-26 | 1,066,456,567 | 10-K | cover page |
| 2007 | 2008-02-14 | 1,034,363,321 | 10-K | cover page |
| 2008 | 2009-02-17 | 995,438,686 | 10-K | cover page |
| 2009 | 2010-02-17 | 992,852,360 | 10-K | cover page |
| 2010 | 2010-12-31 | 994,000,000 | 10-K | fiscal-year average |
| 2011 | 2011-12-31 | 981,000,000 | 10-K | fiscal-year average |
| 2012 | 2012-12-31 | 960,000,000 | 10-K | fiscal-year average |
| 2013 | 2013-12-31 | 940,000,000 | 10-K | fiscal-year average |
| 2014 | 2014-12-31 | 916,000,000 | 10-K | fiscal-year average |
| 2015 | 2015-12-31 | 901,000,000 | 10-K | fiscal-year average |
| 2016 | 2016-12-31 | 883,000,000 | 10-K | fiscal-year average |
| 2017 | 2017-12-31 | 871,000,000 | 10-K | fiscal-year average |
| 2018 | 2018-12-31 | 866,000,000 | 10-K | fiscal-year average |
| 2019 | 2019-12-31 | 864,000,000 | 10-K | fiscal-year average |
| 2020 | 2020-12-31 | 867,000,000 | 10-K | fiscal-year average |
| 2021 | 2021-12-31 | 874,000,000 | 10-K | fiscal-year average |
| 2022 | 2022-12-31 | 871,000,000 | 10-K | fiscal-year average |
| 2023 | 2023-12-31 | 859,000,000 | 10-K | fiscal-year average |
| 2024 | 2024-12-31 | 855,000,000 | 10-K | fiscal-year average |
| 2025 | 2025-12-31 | 849,000,000 | 10-K | fiscal-year average |
Source: all 10-K filings of United Parcel Service on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.
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 $97.48.
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Only enough to stand still. The share count is roughly flat over the last twelve months, at 850,781,582 as of July 17, 2026. Over five years the share count is down 2.7%.
Net of every new share it issued, United Parcel Service has 360.0 million fewer shares than at its 1999 peak. That is 29.7% of the company. Since fiscal 2007 alone it bought back about 342.1 million shares, while the count fell by 183.6 million. The difference went to employees and other new shares.
850,781,582 shares, as of July 17, 2026, from the cover page of its latest 10-Q. At the 1999 peak it had 1,210,753,454.
Each share is a bigger slice of the company. Someone who held United Parcel Service stock in 1999 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.
United Parcel Service ranks No. 270 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Factset Research Systems (29.9%), Clearwater Paper (29.8%), Bancorp (29.6%), NCR Voyix (29.6%).
Every answer is computed from United Parcel Service's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.
From the latest 13F filings. All superinvestors.
The numbers say what happened. The story says whether it can continue. We cover companies like United Parcel Service in depth on Cannibal Stocks.
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