Top Technology Stocks by Share Buybacks
Top technology companies ranked by share buybacks, latest annual filings.
What Share Buybacks Mean for Technology Companies
Share buybacks have become the dominant capital-return tool for mature technology platforms, which generate more free cash flow than they can reinvest at attractive returns. Mega-cap platform firms commit tens of billions annually to repurchases, while younger growth companies tend to do little or none. The buyback line therefore separates the cash-machine stage of the sector from the growth-and-reinvestment stage more clearly than almost any other indicator.
Why It Matters in Technology
Tech firms pay a large share of engineering compensation in equity, which steadily dilutes owners. Buybacks here often function as dilution offset rather than genuine capital return, and the gross figure can sharply overstate the net economic effect. Still, sustained programs at mature platforms signal compounding cash generation, and for firms whose growth investment is fully funded from operating cash, buybacks are a reasonable use of surplus capital.
What to Read Alongside
Pair buybacks with Free Cash Flow to see whether programs are genuinely self-funded from operating cash, Net Income for the EPS accretion context, and Return on Equity since buybacks inflate ROE mechanically.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc. | Technology | $90.71B | $5.02T |
| 2 | NVDA | NVIDIA Corporation | Technology | $40.09B | $5.22T |
| 3 | MSFT | Microsoft Corporation | Technology | $22.27B | $3.95T |
| 4 | CRM | Salesforce, Inc. | Technology | $12.60B | $203.78B |
| 5 | ADBE | Adobe Inc. | Technology | $11.28B | $100.65B |
| 6 | QCOM | QUALCOMM Incorporated | Technology | $8.79B | $191.78B |
| 7 | ACN | Accenture plc | Technology | $7.52B | $151.29B |
| 8 | ASML | ASML Holding N.V. | Technology | $6.98B | $613.16B |
| 9 | UBER | Uber Technologies, Inc. | Technology | $6.52B | $135.07B |
| 10 | CSCO | Cisco Systems, Inc. | Technology | $6.11B | $434.63B |
| 11 | DELL | Dell Technologies Inc. | Technology | $6.01B | $297.08B |
| 12 | INTU | Intuit Inc. | Technology | $5.41B | $90.83B |
| 13 | AMAT | Applied Materials, Inc. | Technology | $4.89B | $307.59B |
| 14 | SNDK | Sandisk Corporation | Technology | $4.52B | $181.47B |
| 15 | LRCX | Lam Research Corporation | Technology | $3.85B | $297.21B |
| 16 | WDAY | Workday, Inc. | Technology | $2.90B | $50.25B |
| 17 | WDC | Western Digital Corporation | Technology | $2.59B | $133.31B |
| 18 | AVGO | Broadcom Inc. | Technology | $2.45B | $1.57T |
| 19 | XYZ | Block, Inc. | Technology | $2.33B | $44.79B |
| 20 | FTNT | Fortinet, Inc. | Technology | $2.29B | $134.51B |
| 21 | KLAC | KLA Corporation | Technology | $2.29B | $194.72B |
| 22 | SAP | SAP SE | Technology | $2.25B | $275.34B |
| 23 | ADI | Analog Devices, Inc. | Technology | $2.16B | $197.67B |
| 24 | ADP | Automatic Data Processing, Inc. | Technology | $2.08B | $119.32B |
| 25 | MRVL | Marvell Technology, Inc. | Technology | $2.04B | $210.10B |
| 26 | IT | Gartner, Inc. | Technology | $1.99B | $14.59B |
| 27 | SONY | Sony Group Corporation | Technology | $1.90B | $152.01B |
| 28 | NOW | ServiceNow, Inc. | Technology | $1.84B | $163.54B |
| 29 | TEAM | Atlassian Corporation | Technology | $1.80B | $56.56B |
| 30 | DBX | Dropbox, Inc. | Technology | $1.71B | $8.20B |
| 31 | ZM | Zoom Communications, Inc. | Technology | $1.62B | $28.61B |
| 32 | FTV | Fortive Corporation | Technology | $1.61B | $18.36B |
| 33 | ANET | Arista Networks, Inc. | Technology | $1.60B | $223.54B |
| 34 | GDDY | GoDaddy Inc. | Technology | $1.60B | $13.91B |
| 35 | TXN | Texas Instruments Incorporated | Technology | $1.48B | $272.26B |
| 36 | FIS | Fidelity National Information Services, Inc. | Technology | $1.43B | $19.01B |
| 37 | FICO | Fair Isaac Corporation | Technology | $1.41B | $15.29B |
| 38 | ADSK | Autodesk, Inc. | Technology | $1.40B | $52.14B |
| 39 | CHKP | Check Point Software Technologies Ltd. | Technology | $1.40B | $16.30B |
| 40 | CTSH | Cognizant Technology Solutions Corporation | Technology | $1.38B | $31.23B |
| 41 | ON | ON Semiconductor Corporation | Technology | $1.38B | $28.83B |
| 42 | TEL | TE Connectivity plc | Technology | $1.35B | $61.92B |
| 43 | AMD | Advanced Micro Devices, Inc. | Technology | $1.32B | $867.30B |
| 44 | MSI | Motorola Solutions, Inc. | Technology | $1.15B | $80.37B |
| 45 | JBL | Jabil Inc. | Technology | $1.06B | $28.39B |
| 46 | SSNC | SS&C Technologies Holdings, Inc. | Technology | $1.04B | $19.24B |
| 47 | PANW | Palo Alto Networks, Inc. | Technology | $1.00B | $319.40B |
| 48 | NTAP | NetApp, Inc. | Technology | $950.00M | $43.62B |
| 49 | FLEX | Flex Ltd. | Technology | $944.00M | $28.44B |
| 50 | CDNS | Cadence Design Systems, Inc. | Technology | $925.03M | $88.72B |
| 51 | NXPI | NXP Semiconductors N.V. | Technology | $899.00M | $61.99B |
| 52 | VRSN | VeriSign, Inc. | Technology | $881.60M | $27.69B |
| 53 | SNOW | Snowflake Inc. | Technology | $873.54M | $118.17B |
| 54 | DOCU | DocuSign, Inc. | Technology | $869.09M | $15.87B |
| 55 | TWLO | Twilio Inc. | Technology | $868.94M | $40.49B |
| 56 | TRMB | Trimble Inc. | Technology | $863.40M | $14.78B |
| 57 | HPQ | HP Inc. | Technology | $850.00M | $30.74B |
| 58 | SWKS | Skyworks Solutions, Inc. | Technology | $830.20M | $19.60B |
| 59 | AKAM | Akamai Technologies, Inc. | Technology | $799.96M | $14.16B |
| 60 | WEX | WEX Inc. | Technology | $799.80M | $6.55B |
| 61 | CPAY | Corpay, Inc. | Technology | $782.82M | $26.25B |
| 62 | TER | Teradyne, Inc. | Technology | $702.10M | $48.34B |
| 63 | EEFT | Euronet Worldwide, Inc. | Technology | $667.70M | $2.39B |
| 64 | APH | Amphenol Corporation | Technology | $665.20M | $185.61B |
| 65 | EPAM | EPAM Systems, Inc. | Technology | $662.16M | $7.10B |
| 66 | CDW | CDW Corporation | Technology | $653.00M | $20.41B |
| 67 | MU | Micron Technology, Inc. | Technology | $650.00M | $1.02T |
| 68 | GEN | Gen Digital Inc. | Technology | $634.00M | $14.61B |
| 69 | PAYX | Paychex, Inc. | Technology | $611.00M | $41.19B |
| 70 | GWRE | Guidewire Software, Inc. | Technology | $606.31M | $15.08B |
| 71 | BR | Broadridge Financial Solutions, Inc. | Technology | $603.70M | $20.45B |
| 72 | CCC | CCC Intelligent Solutions Holdings Inc. | Technology | $600.57M | $4.55B |
| 73 | SNX | TD SYNNEX Corporation | Technology | $596.11M | $19.98B |
| 74 | ZBRA | Zebra Technologies Corporation | Technology | $587.00M | $18.17B |
| 75 | WIX | Wix.com Ltd. | Technology | $575.00M | $3.36B |
| 76 | BILL | BILL Holdings, Inc. | Technology | $560.49M | $4.26B |
| 77 | LOGI | Logitech International S.A. | Technology | $534.94M | $15.78B |
| 78 | FFIV | F5, Inc. | Technology | $502.08M | $26.14B |
| 79 | HUBS | HubSpot, Inc. | Technology | $500.02M | $13.51B |
| 80 | ROP | Roper Technologies, Inc. | Technology | $500.00M | $43.68B |
| 81 | LYFT | Lyft, Inc. | Technology | $499.99M | $6.46B |
| 82 | PEGA | Pegasystems Inc. | Technology | $499.69M | $6.01B |
| 83 | NICE | NICE Ltd. | Technology | $488.91M | $7.17B |
| 84 | NTNX | Nutanix, Inc. | Technology | $483.54M | $19.67B |
| 85 | DT | Dynatrace, Inc. | Technology | $478.71M | $18.63B |
| 86 | WSE | Wise Group plc | Technology | $473.40M | $10.65B |
| 87 | FOUR | Shift4 Payments, Inc. | Technology | $453.00M | $2.92B |
| 88 | GRND | Grindr Inc. | Technology | $450.51M | $2.28B |
| 89 | JKHY | Jack Henry & Associates, Inc. | Technology | $448.17M | $11.38B |
| 90 | CVLT | Commvault Systems, Inc. | Technology | $446.11M | $6.95B |
| 91 | SAIC | Science Applications International Corporation | Technology | $445.00M | $6.22B |
| 92 | OTEX | Open Text Corporation | Technology | $416.41M | $6.70B |
| 93 | GTM | ZoomInfo Technologies Inc. | Technology | $411.10M | $1.24B |
| 94 | TDY | Teledyne Technologies Incorporated | Technology | $402.90M | $29.92B |
| 95 | MDB | MongoDB, Inc. | Technology | $400.33M | $31.30B |
| 96 | LDOS | Leidos Holdings, Inc. | Technology | $400.00M | $17.55B |
| 97 | PCTY | Paylocity Holding Corporation | Technology | $398.11M | $9.21B |
| 98 | MQ | Marqeta, Inc. | Technology | $391.37M | $1.91B |
| 99 | FRSH | Freshworks Inc. | Technology | $386.31M | $4.01B |
| 100 | KEYS | Keysight Technologies, Inc. | Technology | $375.00M | $55.51B |
No companies match this search.
How this ranking is built
Companies are ranked by share buybacks as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.
Frequently asked questions
Why do mature tech firms favor buybacks over dividends?
Buybacks offer flexibility that dividends cannot match. A firm can scale repurchases up or down with cash generation and market conditions, whereas cutting a dividend signals distress. Many technology firms also carry high insider ownership and concentrated holders who prefer the tax-deferred treatment of capital appreciation from share count reduction over ongoing dividend income. The combination has made buybacks the default capital-return vehicle at cash-generative tech platforms, with dividends typically introduced only after the buyback program is well established.
How do stock-based compensation and buybacks interact at tech companies?
Equity grants to employees are the primary compensation tool at many technology firms, and they create steady dilution that grows with headcount. A buyback program can offset part or all of that dilution, keeping share count stable even while the firm issues new grants each year. The important distinction is between a program that merely neutralizes dilution and one that genuinely reduces share count; only the latter returns real capital to existing holders on a per-share basis.
What does a sudden pause in tech buybacks typically indicate?
It usually signals either a meaningful shift in capital allocation priorities, a deteriorating cash flow outlook, or regulatory pressure such as a pending large acquisition. Because buybacks are discretionary, pauses are less painful than dividend cuts and therefore more common at inflection points. Management commentary accompanying the pause often reveals the underlying reason, and reading cash flow trends alongside the decision helps separate a temporary reallocation from a more structural change in how the firm intends to deploy capital.