S&p 500 q3 2023 buybacks up 6.1% and impact to earnings per share continues to decline; buyback tax reduced operating earnings by 0.39%

S&p 500 q3 2023 buybacks were $185.6 billion, up 6.1% from q2 2023's $174.9 billion and down 12.0% from q3 2022's $210.8 billion the 12-month september 2023 expenditure of $787.3 billion was down 19.8% from the $981.6 billion expenditure of september 2022 financials pulled back again to $29.3 billion from $32.7 billion in q2 2023 and $46.9 billion in q1 2023; information technology ticked up to $48.6 billion from q2's $47.1 billion energy pulled back to $16.2 billion, representing 8.7% of all buybacks; whereas the sector represented 4.4% of the market value and had four issues in the top 20 for the quarter the new net buyback 1% tax reduced q3 2023 operating earnings by 0.39% (0.34% in q2 2023) and as reported gaap by 0.42% (0.38%) new york , dec. 19, 2023 /prnewswire/ -- s&p dow jones indices ("s&p dji") today announced the preliminary s&p 500® stock buybacks, or share repurchases, data for q3 2023. historical data on s&p 500 buybacks are available at www.spdji.com/indices/equity/sp-500.
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