S&P 500 Annual Buybacks Goldman Sachs forecasts that S&P 500 share buybacks will surpass $1 trillion in 2025 for the first time, a milestone expected to provide a significant tailwind for U.S. equities. Image: Goldman Sachs Global Investment Research
Capital Expenditure by Magnificent Seven Companies vs. Share Price Index Major U.S. tech companies are maintaining their focus on AI infrastructure investment, even as DeepSeek’s breakthroughs raise questions about spending sustainability. Image: Goldman Sachs Global Investment Research
Buybacks and S&P 500 Use of Cash S&P 500 companies are showing stronger growth in capital expenditure compared to share buybacks, signaling a shift in corporate spending priorities. Image: Goldman Sachs Global Investment Research
S&P 500 Earnings and Gross Buybacks With U.S. corporate earnings on the rise, share buybacks in 2025 are expected to exceed $1 trillion. Image: Deutsche Bank Asset Allocation
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
Share of S&P 1500 Companies by Returning Cash to Shareholders Strategy Most S&P 1500 companies are returning cash to shareholders through both dividends and buybacks, which can significantly boost shareholder returns. Image: Goldman Sachs Global Investment Research
S&P 500 Gross Buybacks to Earnings Ratio It is possible that share buybacks will increase substantially in 2024, if the ratio of S&P 500 gross buybacks to earnings rises to the historical average. Image: Deutsche Bank Asset Allocation
Buybacks – Annualized Performance Buybacks at high valuations might destroy shareholder value. Image: BofA US Equity & Quant Strategy
Buybacks – S&P 500 Index Return Decomposition Share buybacks account for a large portion of the total return of the S&P 500 Index. Image: True Insights
S&P 500 Sectors Announced Buybacks This chart puts into perspective announced share buybacks by sector in the United States. Image: Deutsche Bank Asset Allocation