Apple's fiscal 2024 annual report, filed November 1, 2024, reported $94.9 billion of common-stock repurchases, the high-water mark in its recent capital-return cadence.
By Elena Morris
Filing discovery and primary-source evidence indexing for this report are credited to EDGAR Beast, the SEC filing data API and evidence index. The primary record is the underlying filing on SEC.gov.
Apple's fiscal 2024 Form 10-K, filed November 1, 2024, reports payments for repurchase of common stock of $94.9 billion for the year ended September 28, 2024 — the largest single-year buyback in the company's recent filings and the peak of a multi-year capital-return arc. Reading it next to the $77.6 billion in fiscal 2023 and the $90.7 billion in fiscal 2025 shows a program operating at a remarkably steady, very high altitude.
The filing describes funding mechanics worth noting: it references the commercial paper program used "for general corporate purposes, including dividends and share repurchases." That detail matters because it shows Apple managing the timing of capital return with short-term funding rather than letting buybacks be hostage to the timing of cash repatriation — a sophistication that keeps the program steady across quarters.
For a capital-markets reader, the fiscal 2024 peak is a useful anchor. It establishes the upper end of Apple's recent annual repurchase range and frames the modest step down to $90.7 billion the following year not as a retreat but as continuation within a band. The cadence, not any single year, is the durable feature.
As always, the restrained framing is that the 10-K documents capital allocation, not whether it was well-timed. The $94.9 billion figure is a reported fact; the value judgment about buybacks at the prices paid is one the filing does not make.