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Companies pulled back from their Q1 record-breaking buyback expenditures, with 11.5% fewer companies participating, as they spent 21.8% less. There were significant reductions in Financials and Health Care issues, as Energy issues have reentered the buyback market, and are again buying," said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices. "The steep decline in prices, however, led to more shares repurchased, as 21.3% of the companies in the S&P 500 increased their earnings-per-share by at least 4% thanks to their newly lowered share counts, up from the 17.6% in Q1 2022, and 5.4% in Q2 2021

S&P 500 Buybacks Decline 21.8% as Financials Pull Back; 12-Months Buybacks Pass $1 Trillion for the First Time

S&P Dow Jones Indices ("S&P DJI") announced today preliminary S&P 500® stock buybacks, or share repurchases, data for Q2 2022

By AP News
Published - Sep 20, 2022, 01:40 PM ET
Last Updated - Apr 11, 2024, 02:56 PM EDT
  • S&P 500 Q2 2022 buybacks were $219.6 billion, down 21.8% from Q1 2022's record of $281.0 billion, as participation declined
  • The 12-month June 2022 expenditure of $1.005 trillion set a record, up 65.0% from the June 2021's 12-month $609.4 billion expenditure
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