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Apple pours $20.4 billion into Q3 buybacks, the most of any company

MacDailyNews

Dec 18

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Apple pours $20.4 billion into Q3 buybacks, the most of any company

Apple led all companies in stock buybacks, investing $20.4 billion in its own shares during the third quarter. As a consistent repurchaser, Apple accounts for 19 of the 20 largest quarterly buybacks in history. (Meta Platforms occupies the 19th spot.)

Though Q3 spending marked a decline from $23.6 billion in the prior quarter, Apple’s trailing 12-month total through September reached $96.7 billion. Over longer periods, the company has returned $468 billion to shareholders in the past five years and a substantial $755 billion over the last decade.

Juan Carlos Arancibia for Investor’s Business Daily:
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Third-quarter total share repurchases rose 6.2% to $249 billion from the second quarter, and climbed 9.9% from the year-earlier period, according to S&P Dow Jones Indices. For the 12-month period ending in September, buybacks surpassed $1 trillion for only the second time, to a record $1.02 trillion.
Nvidia spent $14.9 billion, up from $11.6 billion in Q2. Its 12-month total was $51.8 billion, vs. $34.5 billion in the previous 12-month span.
Alphabet allocated $11.5 billion for buybacks, down from $13.6 billion in Q2. Its 12-month expenditure was $55.8 billion, down from $62.9 billion in the prior comparable period.
Meta Platforms’ repurchases fell to $8.5 billion from $14.3 billion in the previous quarter. The 12-month total eased to $44.2 billion from $48.2 billion in the prior period.
JPMorgan Chase (JPM) rounded out the top five buybacks, with $8.3 billion purchased in Q3, up from $7.5 billion in Q2. Its 12-month expenditure ramped up to $27.6 billion from $16.8 billion.

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MacDailyNews Note: Companies employ stock buybacks as a way to signal strong confidence in their own shares and future prospects. By repurchasing shares, they reduce the total number outstanding, allowing earnings to be distributed across fewer shares. This mechanism can provide a significant boost to earnings per share (EPS).

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