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S&P 500 Corporate Stock Buybacks
($ billions)		Sources
2
YearPre-TCJAPost-TCJAQuarterQuarterly
55
2012$399Q-1$84.29PR Newswire
56
Q-2$111.75
57
Q-3$103.72
58
Q-4$99.15
59
2013$476Q-1$99.97
60
Q-2$118.05
61
Q-3$128.16
62
Q-4$129.41
63
2014$553Q-1$159.28
64
Q-2$116.17
65
Q-3$145.19
66
Q-4$132.63
67
2015$572Q-1$144.13S&P 500
68
Q-2$131.56
69
Q-3$150.58
70
Q-4$145.88
71
2016$536Q-1$161.39
72
Q-2$127.50
73
Q-3$112.20
74
Q-4$135.29
75
2017$519Q-1$133.15
76
Q-2$120.11
77
Q-3$129.17
78
Q-4$136.97
79
2018$806Q-1$189.05
80
Q-2$190.62
81
Q-3$203.76PR Newswire
82
Q-4$222.98
83
2019$729Q-1$205.81
84
Q-2$165.46
85
Q-3$175.89
86
Q-4$181.58
87
2020$520Q-1$198.72
88
Q-2$88.66
89
Q-3$101.79
90
Q-4$130.59
91
2021$882Q-1$178.13
92
Q-2$198.84
93
Q-3$234.64
94
Q-4$270.10
95
2022$923Q-1$281.01PR Newswire
96
Q-2$219.64
97
Q-3$210.84
98
Q-4$211.19
99
2023$795Q-1$215.53
100
Q-2$174.92
101
Q-3$185.62
102
Q-4$219.09PR Newswire
107
108
109
110
Pre-TCJAPost-TCJAGrowth
111
TOTAL$3,055.7$4,654.552.3%$1,599
112
113
114
115