British American Tobacco PLC logo

British American Tobacco PLC

BATS#94 of 134 by buybacks

LSE · Consumer Defensive · Tobacco · UK

bat.com
Buybacks · TTM to Jun 2026£1.41B≈ $1.87B · reported in GBP
Buyback yield—repurchases ÷ market cap
Dividends · TTM to Jun 2026£5.26Bdividend yield —
Shareholder yield—buybacks + dividends ÷ market cap
Shares outstanding · 5 yr−5.3%2.18B shares (2026)
Buybacks ÷ free cash flow26%payout incl. dividends 124%
Buybacks and dividends by fiscal year
Cash returned to shareholders, in GBP. Fiscal years end in December.
Shares outstanding
Share count down 5.3% over roughly five years. Falling is what a real buyback looks like.
Quarterly repurchases
Last 8 reported quarters, in GBP. Orange bars mark quarters where the company issued more shares than it bought.

Fiscal-year detail

From the cash-flow statement as reported, in GBP. Negative repurchases mean net share issuance.

Fiscal yearRepurchasesDividendsFree cash flow
FY2025Dec 2025£1.17B£5.24B£4.36B
FY2024Dec 2024£792M£5.21B£9.52B
FY2023Dec 2023£110M£5.11B£10.3B
FY2022Dec 2022£2.09B£4.92B£9.74B
FY2021Dec 2021£82.0M£4.90B£8.97B
FY2020Dec 2020£18.0M£4.75B£9.03B
FY2019Dec 2019£117M£4.60B£8.18B

Repurchases in FY2025 were +48.1% versus the prior year.

About British American Tobacco PLC

British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa. The company offers vapour products; heated products, which consists of a battery-powered device and a plant-based substance consumable that is heated; modern oral products, such as nicotine pouches; combustibles, including cigarette sticks and other tobacco stick products; traditional oral products, such as snu…

Market cap
GBX 90.2B
P/E (trailing)
14.5×
Fiscal year end
December
ISIN
GB0002875804
Reporting currency
GBP
Data updated
Oct 10, 2026
Keep exploring
See how British American Tobacco PLC compares with every other company we track, or read the guides.