Apple (middle) has bought back the most shares in the past year. Among the Dax companies, Linde (right) was the front runner. Mercedes also recently announced a multi-billion dollar buyback.
(Photo: Bloomberg, Imago, Linde)
Dusseldorf Despite rising prices and interest rates, companies are spending more money than ever to buy back their own shares. The 500 largest US companies in the S&P stock market index bought back their own shares for $982 billion from October 2021 to the end of September 2022.
This is shown by calculations by the balance sheet expert Howard Silverblatt from the financial data provider S&P Dow Jones, which is available to the Handelsblatt. A year earlier, corporations had spent $881 billion on such buybacks.
The companies themselves are by far the largest group of buyers on the stock exchange. According to Handelsblatt calculations, the iPhone manufacturer Apple spent the most money on its own shares in 2022 with $88 billion, followed by Alphabet with $60 billion.
88
billion dollars
iPhone maker Apple spent in 2022 on share buybacks.
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