How much did Aflac spend on buybacks in fiscal 2025?

$3.5B, according to its 10-K for the fiscal year ending Dec 31, 2025.

Is Aflac's share count going down?

Its diluted share count changed −25.3% over five fiscal years and −6.1% over the last year.

Companies / Financials / Life & Health Insurance

AFL

$3.8Bbought back in the 12 months to Jun 30, 2026

Aflac bought back $3.8B of its stock in the last twelve months. Its share count is down 6.1% from a year earlier.

Stock repurchases by quarter

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Diluted shares outstanding

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$984Mlast quarter (Q2 2026)

—net of stock compensation (—)

−6.1%diluted shares, 1 year

−25.3%diluted shares, 5 years

$1.2Bdividends, 12 months

—of free cash flow (—) spent on buybacks

$0raised by issuing stock, 12 months

501.3Mshares outstanding (Jul 28, 2026)

Share counts are adjusted for a stock split (2-for-1).

Fiscal year	Buybacks	Dividends	Stock pay	Free cash flow	Diluted shares	Filing
2025	$3.5B	$1.2B	—	—	534.9M	10-K
2024	$2.8B	$1.1B	—	—	565.0M	10-K
2023	$2.8B	$966M	—	—	598.7M	10-K
2022	$2.4B	$979M	—	—	637.7M	10-K
2021	$2.3B	$855M	—	—	676.7M	10-K
2020	$1.5B	$769M	—	—	716.2M	10-K
2019	$1.6B	$771M	—	—	746.4M	10-K
2018	$1.3B	$793M	—	—	774.6M	10-K
2017	$1.4B	$661M	—	—	797.9M	10-K
2016	$1.4B	$658M	—	—	827.8M	10-K

Does Aflac buy back its stock?: Aflac bought back $3.8B of its stock in the last twelve months. Its share count is down 6.1% from a year earlier.
How much did Aflac spend on buybacks in fiscal 2025?: $3.5B, according to its 10-K for the fiscal year ending Dec 31, 2025.
Is Aflac's share count going down?: Its diluted share count changed −25.3% over five fiscal years and −6.1% over the last year.

Latest filing used: 10-Q for the period ending Jun 30, 2026, filed Aug 7, 2026 · open on SEC.gov