In 2025, stock buybacks are once again making headlines as some of the world’s biggest companies return massive amounts of capital to shareholders.
Unlike dividends, which simply hand out cash, buybacks shrink the number of shares outstanding. That boosts earnings per share, supports stock prices during market pullbacks, and sends a powerful signal that management believes their stock is undervalued.
Apple, for example, has spent over $800 billion on buybacks since 2012, which helped fuel one of the greatest wealth-creation stories in market history. Meta’s $50 billion buyback program announced in 2023 helped restore investor confidence after a rough stretch, while ExxonMobil has leaned on repurchases to reward shareholders during record oil profits.
Here are 10 of the top companies that are expected to continue buying back stock in 2025 as well as into 2026. These buyback leaders are catching the eye of savvy investors.
Company Name (Ticker) | Analyst Upside | P/E Ratio |
Apple (AAPL) | -0.8% | 30.95 |
Alphabet (GOOGL) | -2.5% | 23.56 |
NVIDIA Corporation (NVDA) | 22.8% | 29.61 |
Meta Platforms (META) | 14.7% | 26.52 |
JPMorgan Chase & Co. (JPM) | 4.2% | 14.79 |
Exxon Mobil Corporation (XOM) | 13.6% | 15.84 |
Visa (V) | 14.4% | 27.62 |
Microsoft Corporation (MSFT) | 23.2% | 32.11 |
Wells Fargo & Company (WFC) | 9.9% | 12.90 |
Chevron Corporation (CVX) | 9.2% | 18.03 |
Unlock our Free Report: 5 undervalued compounders with upside based on Wall Street’s growth estimates that could deliver market-beating returns (Sign up for TIKR, it’s free) >>>
Here are 3 stocks that could be the most undervalued today based on analysts’ estimates:
Microsoft Corporation (MSFT)

Microsoft has long been one of the most disciplined capital allocators in the technology sector, and its 2025 buyback activity underscores that tradition. Over the past 12 months through March 2025, the company repurchased roughly $18 billion worth of stock, backed by its long-standing $60 billion authorization program. While not the single largest spender in absolute terms, Microsoft’s buyback strategy is notable for its consistency and scale relative to free cash flow. The company continues to generate more than $130 billion annually in operating cash, giving it ample room to fund dividends, acquisitions, and share repurchases without straining its balance sheet.
What makes Microsoft’s buyback program so effective is how it reinforces the company’s long-term investment thesis. By steadily reducing its share count, Microsoft enhances EPS growth, providing a powerful tailwind alongside its robust fundamentals in cloud (Azure), enterprise software, and artificial intelligence.
With valuation multiples elevated across Big Tech, Microsoft’s approach signals confidence in the durability of its earnings streams while maintaining enough flexibility to pivot capital if strategic M&A opportunities emerge. Investors see this as a hallmark of Microsoft’s shareholder-friendly culture, balancing aggressive innovation spending with disciplined capital return.
Value any stock in under 30 seconds with TIKR’s new Valuation Model (it’s free) >>>
Meta Platforms (META)

Meta has emerged as one of the most aggressive repurchasers in 2025, with $17.6 billion in buybacks in Q1 alone and over $43 billion in the past 12 months. That level of activity places it among the very top of the S&P 500, a striking shift for a company that not long ago was viewed as overextended in its metaverse ambitions. The buybacks reflect both Meta’s immense free cash generation, more than $50 billion in annual operating cash flow, and management’s conviction that the stock remains undervalued relative to its earnings power.
The timing of Meta’s repurchase spree is especially important. After years of heavy investment in Reality Labs, the company has refocused Wall Street’s attention on its core digital advertising business and its leadership in AI-driven recommendation engines.
With operating margins expanding and growth stabilizing, buybacks are being deployed as a signal to investors, Meta is confident in the sustainability of its cash machine. This not only supports per-share earnings growth but also helps absorb the volatility of a stock that remains sensitive to ad-spending cycles. In effect, Meta’s massive buybacks are part of a broader repositioning, showing that the company can deliver both growth and consistent capital return.
Find stocks that we like even better than Meta today with TIKR (It’s free) >>>
NVIDIA Corporation (NVDA)

NVIDIA’s buyback program is arguably the most symbolic of 2025, reflecting the company’s extraordinary position at the heart of the AI boom. In Q1 2025 alone, NVIDIA repurchased $15.6 billion of its stock, with a staggering $46.8 billion in total buybacks over the past year. Even more telling, management authorized a $60 billion buyback program in mid-2025, one of the largest ever seen outside Apple. Few companies have both the financial firepower and the market dominance to justify such a move, but NVIDIA’s surging data center revenues and industry-leading gross margins give it that rare flexibility.
The buybacks serve several purposes. First, they allow NVIDIA to counterbalance dilution from heavy stock-based compensation, which is common in fast-growing tech firms. Second, they signal confidence that even after a massive run-up in valuation, management believes long-term demand for GPUs in AI training, inference, and cloud infrastructure will continue to outpace supply.
Finally, they cement NVIDIA’s reputation as a shareholder-focused company willing to return capital aggressively while still investing heavily in R&D and supply chain expansion. For investors, the combination of explosive top-line growth and one of the largest buyback commitments in history makes NVIDIA a defining example of how capital return strategies can reinforce growth narratives.
Value stocks like NVIDIA quicker with TIKR >>>
Wall Street Analysts Are Bullish on These 5 Undervalued Compounders With Market-Beating Potential
TIKR just released a new free report on 5 compounders that appear undervalued, have beaten the market in the past, and could continue to outperform on a 1-5 year timeline based on analysts’ estimates.
Inside, you’ll get a breakdown of 5 high-quality businesses with:
- Strong revenue growth and durable competitive advantages
- Attractive valuations based on forward earnings and expected earnings growth
- Long-term upside potential backed by analyst forecasts and TIKR’s valuation models
These are the kinds of stocks that can deliver massive long-term returns, especially if you catch them while they’re still trading at a discount.
Whether you’re a long-term investor or just looking for great businesses trading below fair value, this report will help you zero in on high-upside opportunities.
Click here to sign up for TIKR and get our full report on 5 undervalued compounders completely free.
Looking for New Opportunities?
- See what stocks billionaire investors are buying so you can follow the smart money.
- Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
- The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!