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    S&P 500 Q3 2025 Buybacks Post Modest 6.2% Gain to $249.0 Billion After Declining 20.1% Amidst Uncertainty in Q2; Q4 2025 Expenditures Expected to Post Similar Growth, As 2025 Anticipates a Record $1 Trillion

    12/18/25 9:00:00 AM ET
    $SPGI
    Finance: Consumer Services
    Finance
    Get the next $SPGI alert in real time by email
    • S&P 500 Q3 2025 buybacks were $249.0 billion, as the expenditure increased 6.2% from Q2's $234.6 billion and down 15.1% from the record Q1 2025 $293.5 billion, and was up 9.9% from Q3 2024's $226.6 billion
    • The 12-month September 2025 expenditure was a record $1.020 trillion and was up 11.1% from the 12-month September 2024 expenditure of $918.4 billion 
    • Health Care and Financials significantly increased their spending, up 32.2% and 26.3% respectively over Q2 2025, as Materials and Real Estate reduced spending by 21.0% and 40.3%, respectively
    • The net buyback 1% tax reduced Q3 2025 operating earnings, which are set to post a quarterly earnings record by 0.36% and As Reported GAAP by 0.41%, as the 12-month cost was 0.40% and 0.44%, respectively

    NEW YORK, Dec. 18, 2025 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today announced the preliminary S&P 500® stock buybacks or share repurchases data for Q3 2025.

    Historical data on S&P 500 buybacks is available at https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview. 

    Key Highlights:

    • Q3 2025 share repurchases were $249.0 billion, up 6.2% from Q2 2025's $234.6 billion and up 9.9% from Q3 2024's $226.6 billion.
    • For the 12-month September 2025 period buybacks surpassed $1 trillion for the second time, the first was for the 12-months ending in June 2022 with $1.005 trillion, as this period saw a record $1.020 trillion, up from $918.4 billion from the prior 12-month period.
    • 333 companies reported buybacks of at least $5 million for the quarter, down from 338 in Q2 2025 and up from 332 in Q3 2024; 387 companies did some buybacks for the quarter, up from 386 in Q2 2025 and up from 381 in Q3 2024; 436 companies did some buybacks in the 12-month September 2025 period, up from 425 in the prior period.
    • Buybacks remained top heavy as concentration decreased, with the top 20 S&P 500 companies accounting for 49.5% of Q3 2025 buybacks, down from Q2 2025's 51.3%, and above the historical average of 47.8% and above the pre-COVID (Q4 2019) historical average of 44.5%.
    • 17.1% of companies reduced share counts used for earnings per share (EPS) by at least 4% year-over-year, down from Q2 2025's 17.3% and up from Q3 2024's 13.6%; for Q3 2025 156 issues increased their shares used for EPS compared to Q2 2025 and 279 reduced them, as 160 increased them compared to Q3 2024 and 312 reduced them.
    • S&P 500 Q3 2025 dividends increased 1.8%, to $168.1 billion from Q2 2025's $165.2 billion and were 7.0% greater than the $157.0 billion in Q3 2024.
    • For the 12-month September 2025 period, dividends set a record $664.9 billion payment, up 7.9% on an aggregate basis from the prior 12-month's $616.2 billion.
    • Total shareholders return of buybacks and dividends increased to $417.1 billion in Q3 2025, up 4.3% from Q2 2025's $399.7 billion and up 8.7% from Q3 2024's $383.6 billion.
    • Total shareholder returns for the 12-month September 2025 period increased 9.8% to a record $1.685 trillion from the 12-month September 2024's $1.535 trillion.
    • The 1% tax on net buybacks, which started in 2023, reduced the Q3 2025 S&P 500 operating earnings by 0.36%, down from Q2 2025's 0.39%, as it reduced As Reported GAAP earnings by 0.41%, down from the prior 0.42%. For the 12-months ending in September 2025, the 1% tax on net buybacks reduced earnings by 0.40% for operating and 0.44% for As Reported.

    "Companies dipped their cash back in the buyback market for Q3 after withdrawing in the second quarter over uncertainty, tariffs and economic policy and following the record Q1 2025 level. The increase expenditure of 6.2% after a 20.1% decrease shows the continuing cautious approach corporations have to cash outlays. Participation in buybacks ticked down to 66.6% from the Q2 67.6% rate and still pales the Q1 2025 76.8% participation rate. Buyback concentration from the top 20 issues decreased to 49.5% from the prior 51.3%, remaining higher than the historical 47.8% rate. Of note were the top four: Apple, NVIDIA, Alphabet and Meta Platforms, which accounted for over 22% ($55.2 billion) of the S&P 500's Q3 2025 total buybacks.

    Continued buybacks resulted in share-count-reduction, which has also fueled higher issue level earnings-per-share, as 17.1% of the issues posted at least a 4% reduction in their year-over-year share count, increasing their EPS by at least 4%. The trend, which is contingent on earnings and cash-flow as well as market price levels, is expected to continue short-term, providing additional support for issue level earnings-per-share.

    For the fourth quarter, policy direction has started to clear up, but remains volatile, resulting in corporate uncertainty continuing, and limiting discretionary buyback expenditures. Buybacks for the fourth quarter appear to have continued to trend up at a slow pace while remaining shy of their Q1 2025 record level.

    For the full-year 2025, shareholder returns via buybacks and dividends from S&P 500 companies are expected to easily set a record expenditure, posting a near double-digit gain for buybacks and a mid-single-digit gain for dividends. The initial 2026 outlook for buybacks shows companies planning to increase their expenditure, with their expected cash-flow supporting their plans. Dividends are expected to post another record payment for the year, with the question being by how much," said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices.

    1% Buyback Excise Tax:

    The 1% excise tax on net buybacks reduced Q3 2025 operating earnings by 0.36%, down from Q2 2025's 0.39% and down from the 0.42% for Q3 2024. The 12-month impact was 0.40%, down from the 12-month September 2024's 0.45%, as the tax on As Reported GAAP earnings impact decreased to 0.41% from Q2 2025's 0.42% and to 0.43% from 0.50% for the 12-month period.

    Silverblatt added: "The 1% tax continues to be a manageable expense and has not impacted overall buybacks. At this point it does not appear that an increased buyback tax is on the Washington table, but things could change quickly as the Continuing Resolution bill expires on January 30, 2026. Given the current corporate sensitivity to costs, a buyback tax rate of 2% was seen as impacting both buybacks and the EPS impact of share-count-reduction. Under any potential increased tax, some of the buyback expenditures may shift to dividends. However, any shift was not seen as being on a-dollar-for-dollar basis as dividends remain a long-term pure cash-flow item which must be incorporated into corporate budgets."

    Q3 2025 GICS® Sector Analysis:

    Information Technology maintained its lead in buybacks as its expenditure's increased 5.2%, representing 28.4% of all buybacks for the quarter. Q3 2025 expenditures increased to $70.6 billion, compared to Q2 2025's $67.1 billion (and $80.2 billion in Q1 2025), and were up 10.3% from Q3 2024's $64.0 billion expenditure. For the 12-months ending September 2025, the sector increased its expenditure by 14.5% to $281.6 billion, representing 27.6% of all S&P 500 buybacks, compared to the prior 12-month period's $245.9 billion which represented 26.8% of all buybacks.

    Financials increased buybacks by 26.3% for Q3 2025 as it collectively spent $65.3 billion on buybacks, which accounted for 26.2% of all S&P 500 buybacks. This was up for the quarter compared to Q2 2025's expenditure of $51.7 billion, and up 48.2% from Q3 2024's $44.1 billion. For the 12-months ending September 2025, Financials spent $218.6 billion, up from the prior period's $161.8 billion.

    Health Care increased their buyback expenditures in Q3 2025, by 32.2%, the largest of any sector, as it spent $21.0 billion, up from the Q2 2025 $15.8 billion, as it represented 8.4% of the buybacks, as the 12-month September 2025 expenditure was $89.3 billion, up 20.2% from the prior 12-month's $74.4 billion.

    Materials decreased its Q3 2025 expenditure by 21.0%, spending $3.6 billion, compared to the Q2 2025 expenditure of $4.6 billion, and was down 18.3% from Q3 2024's $4.5 billion expenditure. For the 12-months ending September 2025, the sector spent $18.4 billion, down from the prior 12-month period's $17.8 billion.

    Issues:

    The five issues with the highest total buybacks for Q3 2025 were:

    • Apple (AAPL): continued to dominate the issue level buybacks as it again spent the most of any issue with its Q3 2025 expenditure, but the expenditure did not place in the top 20 historical buybacks, in which Apple holds 19 of the 20 top positions (Meta Platforms holds #19). For the quarter, the company spent $20.4 billion, down from Q2 2025's $23.6 billion. For the 12-month period ending September 2025, Apple spent $96.7 billion on buybacks, down from the prior 12-month's $100.4 billion. Over the five-year period, Apple has spent $468 billion, and $755 billion over the ten-year period.
    • NVIDIA (NVDA): $14.9 billion for Q3 2025, up from $11.6 billion in Q2 2025. The 12-month September 2025 expenditure was $51.8 billion versus the prior 12-month's $34.5 billion.
    • Alphabet (GOOG/GOOGL): $11.5 billion for Q3 2025, down from $13.6 billion in Q2 2025. The 12-month September 2025 expenditure was $55.8 billion versus $62.9 billion in the prior period.
    • Meta Platforms (META): $8.5 billion for Q3 2025, down from $14.3 billion in Q2 2025. The 12-month September 2025 expenditure was $44.2 billion versus $48.2 billion in the prior period.
    • JP Morgan (JPM): $8.3 billion for Q3 2025, up from $7.5 billion in Q2 2025. The 12-month September 2025 expenditure was $27.6 billion versus $16.8 billion in the prior period.

    For more information about S&P Dow Jones Indices, please visit https://www.spglobal.com/spdji/en/.

    S&P Dow Jones Indices















    S&P 500, $ U.S. BILLIONS



    (preliminary in bold)











    PERIOD

    MARKET

    OPERATING

    AS REPORTED









    DIVIDEND &



    VALUE

    EARNINGS

    EARNINGS

    DIVIDENDS

    BUYBACKS

    DIVIDEND 

    BUYBACK 

    BUYBACK 



    $ BILLIONS

    $ BILLIONS

    $ BILLIONS

    $ BILLIONS

    $ BILLIONS

    YIELD

    YIELD

    YIELD

    12 Mo Sep,'25 Prelim.

    $57,047

    $2,164.58

    $1,994.76

    $664.90

    $1,020.27

    1.17 %

    1.79 %

    2.95 %

    12 Mo Sep,'24

    $48,701

    $1,900.66

    $1,637.95

    $616.16

    $918.40

    1.27 %

    1.89 %

    3.15 %

    2024

    $49,805

    $1,966.53

    $1,771.24

    $629.62

    $942.55

    1.26 %

    1.89 %

    3.16 %

    2023

    $40,039

    $1,787.36

    $1,610.73

    $588.23

    $795.16

    1.47 %

    1.99 %

    3.46 %

    2022

    $32,133

    $1,656.66

    $1,453.43

    $564.57

    $922.68

    1.76 %

    2.87 %

    4.63 %

    2021

    $40,356

    $1,762.75

    $1,675.22

    $511.23

    $881.72

    1.27 %

    2.18 %

    3.45 %

    2020

    $31,659

    $1,019.04

    $784.21

    $483.18

    $519.76

    1.53 %

    1.64 %

    3.17 %

    2019

    $26,760

    $1,304.76

    $1,158.22

    $485.48

    $728.74

    1.81 %

    2.72 %

    4.54 %

    2018

    $21,027

    $1,281.66

    $1,119.43

    $456.31

    $806.41

    2.17 %

    3.84 %

    6.01 %



















    9/30/2025 Estimate

    $57,047

    $617.34

    $550.73

    $168.08

    $249.00

    1.17 %

    1.79 %

    2.95 %

    6/30/2025

    $52,501

    $541.59

    $498.87

    $165.16

    $234.57

    1.25 %

    1.90 %

    3.15 %

    3/31/2025

    $50,166

    $487.33

    $456.65

    $164.10

    $293.45

    1.28 %

    1.99 %

    3.27 %

    12/31/2024

    $49,805

    $518.32

    $488.51

    $167.56

    $243.24

    1.26 %

    1.89 %

    3.16 %

    9/30/2024

    $48,701

    $499.98

    $439.39

    $157.04

    $226.56

    1.27 %

    1.89 %

    3.15 %

    6/28/2024

    $45,843

    $489.95

    $397.69

    $153.41

    $235.93

    1.32 %

    1.91 %

    3.23 %

    3/28/2024

    $44,078

    $458.28

    $400.90

    $151.61

    $236.82

    1.35 %

    1.85 %

    3.20 %

    12/31/2023

    $40,039

    $452.44

    $399.98

    $154.10

    $219.09

    1.47 %

    1.99 %

    3.46 %

    9/30/2023

    $35,938

    $437.90

    $399.35

    $144.18

    $185.62

    1.61 %

    2.19 %

    3.81 %

    6/30/2023

    $37,162

    $457.93

    $405.66

    $143.20

    $174.92

    1.55 %

    2.19 %

    3.74 %

    3/31/2023

    $34,342

    $439.08

    $404.57

    $146.76

    $215.53

    1.67 %

    2.50 %

    4.17 %

    12/31/2022

    $32,133

    $421.55

    $331.50

    $146.07

    $211.19

    1.76 %

    2.87 %

    4.63 %

    9/30/2022

    $30,119

    $422.94

    $373.04

    $140.34

    $210.84

    1.83 %

    3.26 %

    5.09 %

     

    S&P Dow Jones Indices





    S&P 500 proforma net buyback tax impact





    TAX

    TAX % OF

    TAX % OF



    $ BILLIONS

    OPERATING

    AS REPORTED

    Q3 2025

    $2.25

    0.36 %

    0.41 %

    Q2 2025

    $2.13

    0.39 %

    0.42 %

    Q1 2025

    $2.43

    0.50 %

    0.53 %

    Q4 2024

    $1.93

    0.37 %

    0.39 %

    Q3 2024

    $2.11

    0.42 %

    0.48 %

    Q2 2024

    $2.20

    0.45 %

    0.49 %

    2023

    $7.47

    0.40 %

    0.45 %

     2022 proforma

    $8.47

    0.51 %

    0.58 %

    2021 proforma

    $7.93

    0.45 %

    0.47 %

     

    S&P Dow Jones Indices















    S&P 500 SECTOR BUYBACKS















    SECTOR $ MILLIONS

    Q3,'25

    Q2,'25

    Q3'24

    12MoSep,'25

    12MoSep,'24

    5-YEARS

    10-YEARS

    Consumer Discretionary

    $14,279

    $14,188

    $20,605

    $68,529

    $83,536

    $396,494

    $768,342

    Consumer Staples

    $6,964

    $6,626

    $7,734

    $40,284

    $39,240

    $180,932

    $369,907

    Energy

    $12,744

    $12,668

    $18,313

    $59,396

    $65,200

    $255,192

    $329,442

    Financials

    $65,305

    $51,720

    $44,054

    $218,578

    $161,844

    $814,996

    $1,464,662

    Healthcare

    $20,958

    $15,850

    $16,906

    $89,339

    $74,441

    $409,399

    $810,044

    Industrials

    $20,535

    $21,332

    $15,852

    $91,605

    $76,647

    $360,967

    $675,545

    Information Technology

    $70,601

    $67,131

    $63,981

    $281,637

    $245,911

    $1,247,248

    $2,170,208

    Materials

    $3,639

    $4,610

    $4,454

    $18,359

    $17,849

    $102,577

    $158,783

    Real Estate

    $585

    $808

    $204

    $3,005

    $1,795

    $12,147

    $24,678

    Communication Services

    $32,839

    $38,708

    $33,818

    $146,145

    $148,137

    $656,597

    $781,452

    Utilities

    $555

    $929

    $636

    $3,391

    $3,797

    $13,179

    $22,640

    TOTAL

    $249,004

    $234,570

    $226,557

    $1,020,268

    $918,398

    $4,449,728

    $7,575,704

































    SECTOR BUYBACK MAKEUP %

    Q3,'25

    Q2,'25

    Q3'24

    12MoSep,'25

    12MoSep,'24

    5-YEARS

    10-YEARS

    Consumer Discretionary

    5.73 %

    6.05 %

    9.09 %

    6.72 %

    9.10 %

    8.91 %

    10.14 %

    Consumer Staples

    2.80 %

    2.82 %

    3.41 %

    3.95 %

    4.27 %

    4.07 %

    4.88 %

    Energy

    5.12 %

    5.40 %

    8.08 %

    5.82 %

    7.10 %

    5.74 %

    4.35 %

    Financials

    26.23 %

    22.05 %

    19.44 %

    21.42 %

    17.62 %

    18.32 %

    19.33 %

    Healthcare

    8.42 %

    6.76 %

    7.46 %

    8.76 %

    8.11 %

    9.20 %

    10.69 %

    Industrials

    8.25 %

    9.09 %

    7.00 %

    8.98 %

    8.35 %

    8.11 %

    8.92 %

    Information Technology

    28.35 %

    28.62 %

    28.24 %

    27.60 %

    26.78 %

    28.03 %

    28.65 %

    Materials

    1.46 %

    1.97 %

    1.97 %

    1.80 %

    1.94 %

    2.31 %

    2.10 %

    Real Estate

    0.23 %

    0.34 %

    0.09 %

    0.29 %

    0.20 %

    0.27 %

    0.33 %

    Communication Services

    13.19 %

    16.50 %

    14.93 %

    14.32 %

    16.13 %

    14.76 %

    10.32 %

    Utilities

    0.22 %

    0.40 %

    0.28 %

    0.33 %

    0.41 %

    0.30 %

    0.30 %

    TOTAL

    100.00 %

    100.00 %

    100.00 %

    100.00 %

    100.00 %

    100.00 %

    100.00 %

     

    S&P Dow Jones Indices





















    S&P 500 20 LARGEST Q3 2025 BUYBACKS, $ MILLIONS 

















    Company  

    Ticker

    Sector

    Q3 2025

    Q2 2025

    Q3 2025

    12-Months

    12-Months

    5-Year

    10-Year

    Indicated







    Buybacks

    Buybacks

    Buybacks

    Sep,'25

    Sep,'25

    Buybacks

    Buybacks

    Dividend







    $ Million

    $ Million

    $ Million

    $ Million

    $ Million

    $ Million

    $ Million

    $ Million

    Apple

    AAPL

    Information Technology

    $20,373

    $23,589

    $25,361

    $96,671

    $100,390

    $468,194

    $755,231

    $15,434

    NVIDIA

    NVDA

    Information Technology

    $14,885

    $11,568

    $12,676

    $51,753

    $34,463

    $108,676

    $115,125

    $976

    Alphabet

    GOOGL

    Communication Services

    $11,504

    $13,638

    $15,291

    $55,761

    $62,862

    $281,410

    $342,445

    $4,886

    Meta Platforms

    META

    Communication Services

    $8,462

    $14,277

    $12,361

    $44,233

    $48,203

    $195,709

    $230,350

    $4,555

    JPMorgan

    JPM

    Financials

    $8,293

    $7,506

    $6,361

    $27,628

    $16,804

    $73,551

    $149,763

    $16,499

    Wells Fargo

    WFC

    Financials

    $6,000

    $3,016

    $3,435

    $16,516

    $17,798

    $64,825

    $135,247

    $5,766

    Microsoft 

    MSFT

    Information Technology

    $5,650

    $4,546

    $4,107

    $19,963

    $16,530

    $116,907

    $199,882

    $27,057

    Bank of America 

    BAC

    Financials

    $5,300

    $5,302

    $3,534

    $18,658

    $10,380

    $63,265

    $136,990

    $7,632

    Exxon Mobil

    XOM

    Energy

    $5,126

    $4,964

    $5,512

    $20,674

    $18,505

    $67,681

    $71,685

    $17,565

    Johnson Controls Internat'l 

    JCI

    Industrials

    $5,097

    $312

    $377

    $6,100

    $1,279

    $10,858

    $20,531

    $1,047

    Citigroup

    C

    Financials

    $5,005

    $2,015

    $987

    $10,499

    $1,954

    $25,741

    $78,463

    $4,418

    Visa

    V

    Financials

    $4,954

    $4,794

    $5,867

    $18,597

    $16,921

    $68,278

    $106,772

    $4,552

    Salesforce

    CRM

    Information Technology

    $3,928

    $2,237

    $1,285

    $8,874

    $9,445

    $28,247

    $28,247

    $1,587

    Mastercard 

    MA

    Financials

    $3,335

    $2,291

    $2,935

    $11,925

    $9,580

    $44,752

    $68,175

    $2,873

    Charles Schwab 

    SCHW

    Financials

    $2,748

    $333

    $0

    $4,581

    $0

    $10,818

    $14,038

    $1,843

    QUALCOMM 

    QCOM

    Information Technology

    $2,681

    $3,118

    $1,438

    $9,906

    $5,053

    $25,936

    $59,185

    $3,840

    T-Mobile US

    TMUS

    Communication Services

    $2,571

    $2,585

    $596

    $12,634

    $8,998

    $36,437

    $58,467

    $1,974

    HCA Healthcare

    HCA

    Health Care

    $2,498

    $2,505

    $1,795

    $9,209

    $5,252

    $32,577

    $41,392

    $472

    Chevron 

    CVX

    Energy

    $2,482

    $2,733

    $4,714

    $13,423

    $13,932

    $48,057

    $54,177

    $13,164

    American Express 

    AXP

    Financials

    $2,351

    $1,356

    $1,935

    $5,946

    $5,890

    $25,742

    $43,186

    $1,780

    Top 20   





    $123,243

    $112,685

    $110,567

    $463,551

    $404,239

    $1,797,661

    $2,709,351

    $137,919

    S&P 500





    $249,004

    $234,570

    $226,557

    $1,020,268

    $918,398

    $4,449,728

    $7,575,704

    $674,035

    Top 20 % of S&P 500





    49.49 %

    48.04 %

    48.80 %

    45.43 %

    44.02 %

    40.40 %

    35.76 %

    20.46 %

       Gross values are not adjusted for float



















     

    S&P Dow Jones Indices









    S&P 500 Q3 2025 Buyback Report

















    SECTOR

    DIVIDEND

    BUYBACK 

    COMBINED





    YIELD

    YIELD

    YIELD



    Consumer Discretionary

    0.63 %

    1.13 %

    1.76 %



    Consumer Staples

    2.56 %

    1.44 %

    4.00 %



    Energy

    3.43 %

    3.63 %

    7.06 %



    Financials

    1.42 %

    2.80 %

    4.21 %



    HealthCare

    1.71 %

    1.60 %

    3.31 %



    Industrials

    1.25 %

    1.92 %

    3.18 %



    Information Technology

    0.53 %

    1.41 %

    1.94 %



    Materials

    1.84 %

    1.84 %

    3.69 %



    Real Estate

    3.44 %

    0.28 %

    3.72 %



    Communications Services

    0.87 %

    3.16 %

    4.03 %



    Utilities

    2.88 %

    0.26 %

    3.15 %



    S&P 500

    1.19 %

    1.81 %

    2.99 %



       Uses full values (unadjusted for float)







       Dividends based on indicated; buybacks based on the last 12-months ending Q3,'25

     

    Share Count Changes





    (Y/Y diluted shares used for EPS)

    >=4%

    <=-4%

    Q3 2025

    5.00 %

    17.14 %

    Q2 2025

    6.63 %

    17.27 %

    Q1 2025

    5.80 %

    13.80 %

    Q4 2024

    6.63 %

    12.05 %

    Q3 2024

    5.01 %

    13.63 %

    Q2 2024

    5.04 %

    12.70 %

    Q1 2024

    4.62 %

    13.25 %

    Q4 2023

    3.81 %

    12.63 %

    Q3 2023

    4.60 %

    13.80 %

    Q2 2023

    4.22 %

    16.27 %

    Q1 2023

    4.02 %

    18.47 %

    Q4 2022

    5.01 %

    19.44 %

    Q3 2022

    7.21 %

    21.24 %

     

    S&P 500 DIVIDENDS VS. BUYBACKS, $BILLIONS

    S&P 500 QUARTERLY BUYBACKS AS A % OF MARKET VALUE

    ABOUT S&P DOW JONES INDICES

    S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P Dow Jones Indices has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

    S&P Dow Jones Indices is a division of S&P Global (NYSE:SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: https://www.spglobal.com/spdji/en/.

    S&P Dow Jones Indices Media Contact:

    Alyssa Augustyn

    (+1) 773 919 4732

    [email protected]

    S&P Dow Jones Indices:

    Howard Silverblatt

    Senior Index Analyst

    (+1) 973 769 2306

    [email protected] 

     

    S&P Dow Jones Indices logo (PRNewsfoto/S&P Dow Jones Indices)

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-500-q3-2025-buybacks-post-modest-6-2-gain-to-249-0-billion-after-declining-20-1-amidst-uncertainty-in-q2-q4-2025-expenditures-expected-to-post-similar-growth-as-2025-anticipates-a-record-1-trillion-302645583.html

    SOURCE S&P Dow Jones Indices

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