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Heineken

HEIA#104 of 134 by buybacks

AS · Consumer Defensive · Beverages - Brewers · Netherlands

theheinekencompany.com
Buybacks · TTM to Jun 2026€899M≈ $1.01B · reported in EUR
Buyback yield2.3%repurchases ÷ market cap
Dividends · TTM to Jun 2026€1.26Bdividend yield 3.2%
Shareholder yield5.5%buybacks + dividends ÷ market cap
Shares outstanding · 5 yr−4.8%549M shares (2026)
Buybacks ÷ free cash flow23%payout incl. dividends 54%
Buybacks and dividends by fiscal year
Cash returned to shareholders, in EUR. Fiscal years end in December.
Shares outstanding
Share count down 4.8% over roughly five years. Falling is what a real buyback looks like.
Quarterly repurchases
Last 8 reported quarters, in EUR. Orange bars mark quarters where the company issued more shares than it bought.

Fiscal-year detail

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

Fiscal yearRepurchasesDividendsFree cash flow
FY2025Dec 2025€701M€1.28B€2.61B
FY2024Dec 2024€5.00M€1.20B€3.32B
FY2023Dec 2023€942M€1.33B€1.75B
FY2022Dec 2022€43.0M€1.10B€2.48B
FY2021Dec 2021−€1.79B€796M€2.58B
FY2020Dec 2020€281M€583M€1.50B
FY2019Dec 2019€259M€951M€2.24B

Repurchases in FY2025 were +13920.0% versus the prior year.

About Heineken

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific. The company also provides soft drinks. It sells its products under the Heineken, Heineken 0.0, Heineken Silver, Amstel, Moretti, Tiger, Desperados, Edelweiss, Lagunitas, Orchard Thieves, Windhoek, Dos Equis, Red Stripe, Kingfisher, Bintang, Gosser, Affligem, Mort Subite, Strongbow, Stassen, Bulmers, Old Mout, Savanna, Turbo King, Tecate, Lagunitas Hoppy Refresher, Bia Viet, Tiger Crystal, Birra Moret…

Market cap
€39.4B
P/E (trailing)
17.3×
Fiscal year end
December
ISIN
NL0000009165
Reporting currency
EUR
Data updated
Oct 10, 2026