Key Points Netflix bought back a record $4.7 billion of stock in the second quarter and ended it with $27.1 billion of authorization left. A $2.8 billion termination fee from Netflix's collapsed Warner Bros. deal is helping to finance the buying. Netflix's fully diluted share count dropped about 2% over the last year. 10 stocks we like better than Netflix › Netflix (NASDAQ:NFLX) just bought back its own stock like never before. The streaming giant repurchased a record $4.7 billion of shares in the second quarter, and it closed the quarter with $27.1 billion left on its buyback authorizations. That's a big figure, even for Netflix . At about $76 per share as of this writing, the company's market cap is about $326 billion.
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