GOOGL · News · 20261105N

Capital Return Program

Alphabet Inc. · 2026-11-05 · Importance 39 · Surprise 56

Combined share repurchases by Alphabet, Amazon, Microsoft, Meta and Oracle were $4.4 billion in Q3 2026, the lowest reported level since Q3 2017. The five-company total was down about 90% from a roughly $45.9 billion peak in late 2021, and buybacks remained below $5 billion for a third consecutive quarter. Alphabet was among the companies reported to have significantly reduced or ceased repurchases as AI infrastructure spending took priority; the reports do not state Alphabet’s individual Q3 buyback amount.

Key facts