By August 20, 2025, the scale of corporate share buybacks in the United States had surged past the $1 trillion mark, marking an unprecedented pace in history and eclipsing the previous record set in October 2024. Recently, several prominent companies, including Apple (with a $100 billion buyback announcement), Google's parent company Alphabet, JPMorgan Chase, Goldman Sachs, Wells Fargo, and Bank of America, have all unveiled buyback plans totaling at least $40 billion each. The president of Birinyi Associates observed that these companies are opting to repurchase shares as a reward to investors, fueled by their robust financial performance and ample cash reserves.