Berkshire Hathaway Executes Record $9.6 Billion in Stock Buybacks During Third Quarter
Berkshire Hathaway (BRK.B) achieved a record-breaking quarterly expenditure on share repurchases, spending approximately $9.6 billion in the third quarter of 2026. This figure surpasses the previous high of $9.3 billion set in Q3 2020. The buying activity accelerated significantly throughout the period, with September alone accounting for roughly $5.4 billion in repurchases at an average price of $507 per Class B share. According to Berkshire's established valuation principles, buybacks are only executed when management believes the stock is trading at a material discount to its intrinsic value and after ensuring sufficient liquidity remains above $30 billion. While current Class B shares trade near $570—roughly 12% higher than the September average—the aggressive buying suggests that leadership, including Greg Abel and Howard Buffett, viewed the stock as undervalued during the third quarter.
Topics: Berkshire Hathaway capital allocation share repurchases Warren Buffett
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Part of the story Berkshire Hathaway Increases Stock Buybacks Amid Earnings Decline (5 articles)