Buybacks – Announced Share Repurchases for S&P 500 Companies In 2025, U.S. companies are announcing record share buybacks, aiming to return cash to shareholders, stabilize stock prices, and boost earnings per share, as they navigate economic and policy uncertainties. Image: J.P. Morgan
Announced Share Repurchases (U.S. Buybacks) Announced share repurchases are still strong, which is good news for U.S. stocks. Image: J.P. Morgan
% of Annual U.S. Corporate Repurchase Executions November and December are good months for buyback executions, which is good news for U.S. stocks. Image: Goldman Sachs Global Investment Research
Buybacks – Quarterly Share Repurchases During Bull and Bear Markets This chart shows that companies tend to reduce buybacks during bear markets. Image: Charles Schwab
Buybacks – S&P 500 Annual Share Repurchases Goldman Sachs expects stock buybacks among S&P 500 companies to drop 5% to $675 billion this year. Image: Goldman Sachs Global Investment Research
U.S. Buybacks – Quarterly Share Repurchases by S&P 500 Companies CEOs are worried about the economy and U.S. companies are spending less on stock buybacks, amid the trade war. Image: Financial Times
U.S. Non-Financial Corporate Debt and Net Share Repurchases (Buybacks) Thanks to low interest rates, U.S. companies are increasingly using debt to buy back shares. Image: BofA Merrill Lynch Global Research
U.S. Repurchase Authorizations (Buybacks) U.S. repurchase authorizations are bigger than ever. Image: Goldman Sachs Global Investment Research
S&P 500 Cash Spending In 2025, S&P 500 share buybacks are forecast to remain elevated, supported by solid earnings and strong balance sheets, with total repurchases anticipated to exceed $1 trillion. Image: Goldman Sachs Global Investment Research
Buybacks Over the past two decades, share repurchase programs have become increasingly popular among U.S. corporations, with the trend showing no signs of slowing down. Image: Goldman Sachs Global Investment Research
S&P 500 EPS Growth vs. Buyback Growth While EPS growth may be one factor influencing a company’s decision to repurchase its own shares, it is just one of many potential drivers of buyback activity. Image: Goldman Sachs Global Investment Research