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Companies / Industrials / Construction Machinery & Heavy Transportation Equipment

Caterpillar stock buybacks

CAT
$7.2Bbought back in the 12 months to Jun 30, 2026

Caterpillar bought back $7.2B of its stock in the last twelve months, $7.0B more than it paid out in stock compensation. Its share count is down 1.9% from a year earlier.

Stock repurchases by quarter
$0$3B$6BQ3 '20Q3 '21Q3 '22Q3 '23Q3 '24Q2 '26
Show as table
PeriodValue
Q3 '20$0
Q4 '20$0
Q1 '21$0
Q2 '21$251M
Q3 '21$1.4B
Q4 '21$1.0B
Q1 '22$820M
Q2 '22$1.1B
Q3 '22$1.4B
Q4 '22$921M
Q1 '23$400M
Q2 '23$1.4B
Q3 '23$380M
Q4 '23$2.8B
Q1 '24$4.5B
Q2 '24$1.8B
Q3 '24$782M
Q4 '24$640M
Q1 '25$3.7B
Q2 '25$828M
Q3 '25$362M
Q4 '25$340M
Q1 '26$5.0B
Q2 '26$1.5B
Diluted shares outstanding
466.5M507.4M548.4MQ3 '20Q3 '21Q3 '22Q3 '23Q3 '24Q3 '25Q2 '26
Show as table
PeriodValue
Q3 '20546.4M
Q4 '20552.4M
Q1 '21551.4M
Q2 '21552.1M
Q3 '21547.6M
Q4 '21542.9M
Q1 '22538.3M
Q2 '22534.1M
Q3 '22527.6M
Q4 '22521.6M
Q1 '23519.4M
Q2 '23515.0M
Q3 '23512.6M
Q4 '23507.4M
Q1 '24496.9M
Q2 '24489.5M
Q3 '24486.7M
Q4 '24484.5M
Q1 '25477.1M
Q2 '25471.5M
Q3 '25470.8M
Q4 '25469.8M
Q1 '26465.8M
Q2 '26462.5M
$1.5Blast quarter (Q2 2026)
$7.0Bnet of stock compensation ($257M)
−1.9%diluted shares, 1 year
−13.9%diluted shares, 5 years
$2.8Bdividends, 12 months
68%of free cash flow ($10.7B) spent on buybacks
−$78Mraised by issuing stock, 12 months
459.7Mshares outstanding (Jun 30, 2026)

By fiscal year

Fiscal yearBuybacksDividendsStock payFree cash flowDiluted sharesFiling
2025$5.2B$2.7B$242M$8.9B472.3M10-K
2024$7.7B$2.6B$223M$10.0B489.4M10-K
2023$5.0B$2.6B$208M$11.3B513.6M10-K
2022$4.2B$2.4B$193M$6.5B530.4M10-K
2021$2.7B$2.3B$200M$6.1B548.5M10-K
2020$1.1B$2.2B$202M$5.3B548.6M10-K
2019$4.0B$2.1B$205M$5.9B567.5M10-K
2018$3.8B$2.0B$197M$5.3B599.4M10-K
2017$0$1.8B$206M—599.3M10-K
2016$0$1.8B$218M—584.3M10-K

Questions

Does Caterpillar Inc. buy back its stock?
Caterpillar bought back $7.2B of its stock in the last twelve months, $7.0B more than it paid out in stock compensation. Its share count is down 1.9% from a year earlier.
How much did Caterpillar Inc. spend on buybacks in fiscal 2025?
$5.2B, according to its 10-K for the fiscal year ending Dec 31, 2025.
Is Caterpillar Inc.'s share count going down?
Its diluted share count changed −13.9% over five fiscal years and −1.9% over the last year.

Latest filing used: 10-Q for the period ending Jun 30, 2026, filed Aug 5, 2026 · open on SEC.gov

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