130521141911-tim-cook-hero-tax-code-614xa

Data from Bloomberg today shows just how profitable Apple’s recent buybacks have been with the company experiencing the highest returns of any company in over a decade. The buybacks, which were also the biggest ever since Bloomberg and S&P started tracking these numbers, came as Apple stock increased 77 percent over the last 15 months and 25 percent since its $18 billion buyback last year:

Those are the highest four-month returns among the 20 biggest quarterly repurchases by any company since 1998, according to data compiled by Bloomberg and Standard & Poor’s. S&P 500 constituents have spent $211 billion on their own stock this year amid concern the five-year bull market is prone to selloffs such as last week’s 2.7 percent retreat.

The report notes that other companies have been less successful with Microsoft experiencing a 16 percent increase in 2014 following its $3 billion buyback, while others including EBay and Boeing experienced shares falling. The average for the 100 largest buybacks being tracked by Bloomberg is a 5.5 percent increase this year.

Bloomberg adds that “the ratio of Apple’s per-share profit growth to its overall earnings has increased due to buybacks.” That includes an increase of 19.6 percent year-over-year as of last quarter compared to an increase in net income of 12.3 percent.

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Jordan Kahn

Jordan writes about all things Apple as Senior Editor of 9to5Mac, & contributes to 9to5Google, 9to5Toys, & Electrek.co. He also co-authors 9to5Mac’s Logic Pros series.