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Filings deskGM$82.75▼ 1.4%

GM's share count fell 39.5% since January 2023. Its board set a $20 billion buyback limit

General Motors announced the new limit on Oct. 20. It has already spent about $29.5 billion on its own stock since 2023, and the limit is bigger than any single year of that buying.

KeyVex News··6 min readFact-checked against 9 public records
KeyVex News··6 min readFact-checked against 9 public records
GM$82.75▼ 1.4%Close, Oct. 19. Prices from Tiingo.
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  1. A buyback works like this: a company buys its own shares and retires them. Each remaining share owns a bigger slice of the profit, so profit per share can grow faster than profit.
  2. That shows in GM's results. Through September, its adjusted operating profit rose 24% from a year earlier, while its adjusted earnings per share rose 36%.
  3. The new $20 billion is a ceiling on future buying, not money spent. It tops what GM paid for its stock in any year since 2023, and the free cash flow it forecasts for 2026.
  4. GM's stock closed Oct. 19 at about 2.4 times its January 2023 price, so each dollar retires fewer. GM expects the buying to continue "as long as the valuation remains depressed," its finance chief said.
  5. Next on the record: GM sets its 2027 budget in December and gives guidance in January, he said. He gave no pace for the new buyback.

The news: General Motors said before the market opened on Oct. 20 that its board had approved a new $20 billion buyback authorization, a multi-year limit with no expiration date.8-K Its last regular-session price that day, $77.09 in Tiingo's IEX feed, was 6.8% below the Oct. 19 close.Quote

The record: The buying is not new. The share count printed on the cover of GM's reports fell from 1.39 billion in January 2023 to 843.5 million on Oct. 9, 2026.10-K10-Q That is 39.5% fewer. GM paid about $29.5 billion for its own stock from 2023 through Sept. 30.Buyback cash

Why it matters: The new limit is bigger than any year of GM's buying since 2023.Buyback cash It is also bigger than the $11.5 billion to $12.5 billion of adjusted automotive free cash flow GM forecasts for all of 2026.8-K By KeyVex's math it equals about 29% of GM's market value at the Oct. 19 close; Paul Jacobson, the finance chief, called it "more than 25%" on the call.10-QChart dataCall

The price: GM now pays more for each share. It closed at $82.75 on Oct. 19, about 2.4 times its $33.82 close on Jan. 3, 2023.Chart data In the first nine months of 2026 it bought 65 million shares for $5.3 billion.10-Q

GM's stock and its buyback announcementsDaily close, Jan. 3, 2023 to Oct. 19, 2026 ▲ 144.7%Show chartHide chart
GM's stock and its buyback announcementsDaily close as traded, through Oct. 19, 2026. Numbered dots mark the story's key dates, not what moved the stock. Story shows Jan. 3, 2023 to Oct. 19, 2026; switch ranges, compare with the S&P 500, or show the filing markers from KeyVex's GM page.
GM
General Motors Co. · NYSE
Nasdaq 100S&P 500
Filings
Story90D1Y5Y10Y
GMS&P 500 (rebased)1News in this story
Congress BuyCongress SellInsider BuyInsider SellForm 1448-KLobbying
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Daily closes as traded · Close Prices from Tiingo.comColored dots are filings · White numbered dots are the news in this story · GM on KeyVex
  1. 1Nov. 29, 2023 GM announces a $10 billion accelerated share repurchase. Its 8-K also announces plans for a 33% dividend increase. GM closes at $31.60.
  2. 2Feb. 26, 2025 A new $6 billion buyback authorization, including a $2 billion accelerated repurchase. GM closes at $48.46.
  3. 3Jan. 27, 2026 Another new $6.0 billion authorization, with 2025 results. GM closes at $86.38. The program was used up in October.
  4. 4Oct. 19, 2026 The last close before the $20 billion authorization. GM closes at $82.75. The release came before the open on Oct. 20.
View the data (952 trading days)
DateCloseDay change
2026-10-19$82.75−1.4%
2026-10-16$83.96+0.4%
2026-10-15$83.66+0.7%
2026-10-14$83.05−1.1%
2026-10-13$84.00+2.0%
2026-10-12$82.37−0.4%
2026-10-09$82.73+0.6%
2026-10-08$82.25+1.6%
2026-10-07$80.99−1.2%
2026-10-06$82.01+2.2%
2026-10-05$80.23+2.5%
2026-10-02$78.27−1.3%
2026-10-01$79.31+3.0%
2026-09-30$77.00−4.3%
2026-09-29$80.47−0.2%
2026-09-28$80.64−2.4%
2026-09-25$82.63+2.6%
2026-09-24$80.57−3.8%
2026-09-23$83.77+0.4%
2026-09-22$83.45−0.6%
2026-09-21$83.95+2.1%
2026-09-18$82.20−5.1%
2026-09-17$86.62+2.8%
2026-09-16$84.29−1.3%
2026-09-15$85.37−2.1%
2026-09-14$87.16+1.8%
2026-09-11$85.62−0.6%
2026-09-10$86.12+2.8%
2026-09-09$83.76−2.4%
2026-09-08$85.79−2.2%
2026-09-04$87.76+0.6%
2026-09-03$87.22+2.8%
2026-09-02$84.87−0.9%
2026-09-01$85.63−0.8%
2026-08-31$86.32+0.1%
2026-08-28$86.27+0.1%
2026-08-27$86.18−0.2%
2026-08-26$86.33+0.6%
2026-08-25$85.81−1.3%
2026-08-24$86.98−1.1%
2026-08-21$87.93+2.1%
2026-08-20$86.15+1.4%
2026-08-19$84.96+1.5%
2026-08-18$83.71−0.8%
2026-08-17$84.37−2.8%
2026-08-14$86.77+0.4%
2026-08-13$86.39−0.4%
2026-08-12$86.76−2.9%
2026-08-11$89.35+1.6%
2026-08-10$87.96+0.4%
2026-08-07$87.58+0.7%
2026-08-06$86.94−2.5%
2026-08-05$89.16+1.0%
2026-08-04$88.31+0.7%
2026-08-03$87.68−1.3%
2026-07-31$88.86+0.5%
2026-07-30$88.40−1.1%
2026-07-29$89.40−1.0%
2026-07-28$90.30+3.7%
2026-07-27$87.04+5.3%
2026-07-24$82.64+2.4%
2026-07-23$80.67−1.8%
2026-07-22$82.13+3.3%
2026-07-21$79.52+4.9%
2026-07-20$75.80−0.4%
2026-07-17$76.07−2.1%
2026-07-16$77.72+0.1%
2026-07-15$77.64+1.0%
2026-07-14$76.87+0.2%
2026-07-13$76.72−1.5%
2026-07-10$77.85+1.6%
2026-07-09$76.65+0.5%
2026-07-08$76.24+0.3%
2026-07-07$76.03−2.3%
2026-07-06$77.85+2.4%
2026-07-02$76.00+0.6%
2026-07-01$75.52−2.0%
2026-06-30$77.08−0.3%
2026-06-29$77.34−1.0%
2026-06-26$78.10−0.5%
2026-06-25$78.53−0.5%
2026-06-24$78.950.0%
2026-06-23$78.95−1.8%
2026-06-22$80.43+1.4%
2026-06-18$79.29−0.4%
2026-06-17$79.58−3.6%
2026-06-16$82.51−1.9%
2026-06-15$84.07+3.2%
2026-06-12$81.50+0.8%
2026-06-11$80.85+1.8%
2026-06-10$79.40−5.2%
2026-06-09$83.760.0%
2026-06-08$83.77+2.0%
2026-06-05$82.11−1.3%
2026-06-04$83.22+1.9%
2026-06-03$81.700.0%
2026-06-02$81.73−1.1%
2026-06-01$82.68−0.7%
2026-05-29$83.24−1.3%
2026-05-28$84.35+0.3%
2026-05-27$84.12+5.4%
2026-05-26$79.79+1.3%
2026-05-22$78.79+2.0%
2026-05-21$77.21+1.4%
2026-05-20$76.14+4.8%
2026-05-19$72.63−0.6%
2026-05-18$73.10−2.4%
2026-05-15$74.86−3.7%
2026-05-14$77.75+2.6%
2026-05-13$75.81−0.8%
2026-05-12$76.44+1.5%
2026-05-11$75.29−4.5%
2026-05-08$78.80+0.5%
2026-05-07$78.41−0.4%
2026-05-06$78.70+3.3%
2026-05-05$76.15+0.6%
2026-05-04$75.70−0.1%
2026-05-01$75.77−1.5%
2026-04-30$76.89+0.4%
2026-04-29$76.62−3.0%
2026-04-28$78.95+1.3%
2026-04-27$77.96−0.1%
2026-04-24$78.05−0.6%
2026-04-23$78.52−0.6%
2026-04-22$79.00−0.1%
2026-04-21$79.05−1.9%
2026-04-20$80.54−1.0%
2026-04-17$81.32+4.2%
2026-04-16$78.05+0.3%
2026-04-15$77.78−2.1%
2026-04-14$79.46+3.4%
2026-04-13$76.83+0.5%
2026-04-10$76.42−0.4%
2026-04-09$76.730.0%
2026-04-08$76.74+5.5%
2026-04-07$72.76−0.9%
2026-04-06$73.43+1.2%
2026-04-02$72.54−3.3%
2026-04-01$75.04+0.7%
2026-03-31$74.50+2.4%
2026-03-30$72.76−0.3%
2026-03-27$72.98−3.5%
2026-03-26$75.60−1.3%
2026-03-25$76.61+0.1%
2026-03-24$76.57+1.1%
2026-03-23$75.72+4.0%
2026-03-20$72.81−1.3%
2026-03-19$73.79+0.4%
2026-03-18$73.53−0.7%
2026-03-17$74.04+1.5%
2026-03-16$72.95+0.8%
2026-03-13$72.39−1.4%
2026-03-12$73.45−1.8%
2026-03-11$74.79−0.2%
2026-03-10$74.93+0.3%
2026-03-09$74.69−0.7%
2026-03-06$75.21−1.3%
2026-03-05$76.20−3.1%
2026-03-04$78.60+1.7%
2026-03-03$77.27−0.6%
2026-03-02$77.76−1.2%
2026-02-27$78.71−2.6%
2026-02-26$80.79−2.0%
2026-02-25$82.43+1.4%
2026-02-24$81.29+2.0%
2026-02-23$79.66−2.3%
2026-02-20$81.510.0%
2026-02-19$81.47−2.6%
2026-02-18$83.67+3.0%
2026-02-17$81.22+0.2%
2026-02-13$81.08+1.4%
2026-02-12$79.93+0.1%
2026-02-11$79.82−0.6%
2026-02-10$80.27−0.5%
2026-02-09$80.68−4.2%
2026-02-06$84.24+1.1%
2026-02-05$83.30−3.5%
2026-02-04$86.29+0.7%
2026-02-03$85.71+1.7%
2026-02-02$84.27+0.3%
2026-01-30$84.00−2.6%
2026-01-29$86.26+1.6%
2026-01-28$84.90−1.7%
2026-01-27$86.38+8.7%
2026-01-26$79.43−0.3%
2026-01-23$79.68−1.8%
2026-01-22$81.14+0.3%
2026-01-21$80.93+4.0%
2026-01-20$77.81−3.7%
2026-01-16$80.82−0.1%
2026-01-15$80.91−0.4%
2026-01-14$81.23−2.4%
2026-01-13$83.24+0.4%
2026-01-12$82.900.0%
2026-01-09$82.87−2.7%
2026-01-08$85.13+3.9%
2026-01-07$81.91−0.3%
2026-01-06$82.18−1.2%
2026-01-05$83.15+2.7%
2026-01-02$80.98−0.4%
2025-12-31$81.32−1.2%
2025-12-30$82.33−0.7%
2025-12-29$82.93−0.2%
2025-12-26$83.06+0.2%
2025-12-24$82.88+0.2%
2025-12-23$82.75−0.3%
2025-12-22$83.03+0.8%
2025-12-19$82.35+1.5%
2025-12-18$81.17+0.8%
2025-12-17$80.51−1.5%
2025-12-16$81.76−0.3%
2025-12-15$81.98+1.3%
2025-12-12$80.890.0%
2025-12-11$80.85+0.1%
2025-12-10$80.80+4.7%
2025-12-09$77.16+1.9%
2025-12-08$75.71−0.4%
2025-12-05$76.05+1.0%
2025-12-04$75.29+0.8%
2025-12-03$74.69+1.4%
2025-12-02$73.66+1.0%
2025-12-01$72.95−0.8%
2025-11-28$73.52+1.0%
2025-11-26$72.810.0%
2025-11-25$72.78+2.5%
2025-11-24$71.00+1.0%
2025-11-21$70.33+3.4%
2025-11-20$68.04−0.7%
2025-11-19$68.50+0.8%
2025-11-18$67.930.0%
2025-11-17$67.91−3.7%
2025-11-14$70.52−1.9%
2025-11-13$71.89+0.1%
2025-11-12$71.84+0.9%
2025-11-11$71.22+0.2%
2025-11-10$71.05+0.4%
2025-11-07$70.75+2.8%
2025-11-06$68.84+0.1%
2025-11-05$68.77+2.8%
2025-11-04$66.87−2.0%
2025-11-03$68.22−1.3%
2025-10-31$69.09+0.6%
2025-10-30$68.67−0.7%
2025-10-29$69.13−1.1%
2025-10-28$69.87+0.7%
2025-10-27$69.38−0.4%
2025-10-24$69.66+4.2%
2025-10-23$66.85−0.7%
2025-10-22$67.31+1.0%
2025-10-21$66.62+14.9%
2025-10-20$58.00−0.7%
2025-10-17$58.38+1.8%
2025-10-16$57.34−0.8%
2025-10-15$57.80+1.1%
2025-10-14$57.15+2.8%
2025-10-13$55.62+0.5%
2025-10-10$55.35−1.0%
2025-10-09$55.92−0.9%
2025-10-08$56.40−1.5%
2025-10-07$57.26−1.6%
2025-10-06$58.19−3.2%
2025-10-03$60.13+1.3%
2025-10-02$59.36−3.2%
2025-10-01$61.34+0.6%
2025-09-30$60.97−0.2%
2025-09-29$61.12−0.2%
2025-09-26$61.24+1.1%
2025-09-25$60.59+1.1%
2025-09-24$59.92+2.3%
2025-09-23$58.58−0.5%
2025-09-22$58.88−0.2%
2025-09-19$58.98−0.5%
2025-09-18$59.26+0.9%
2025-09-17$58.73+0.5%
2025-09-16$58.46−0.8%
2025-09-15$58.95+0.8%
2025-09-12$58.50−0.4%
2025-09-11$58.71+2.4%
2025-09-10$57.34−1.2%
2025-09-09$58.01−0.3%
2025-09-08$58.20−0.1%
2025-09-05$58.27+0.2%
2025-09-04$58.15+0.7%
2025-09-03$57.75−1.3%
2025-09-02$58.53−0.1%
2025-08-29$58.59+0.2%
2025-08-28$58.49−0.4%
2025-08-27$58.75−0.1%
2025-08-26$58.80+0.9%
2025-08-25$58.28−0.2%
2025-08-22$58.37+3.3%
2025-08-21$56.51−0.5%
2025-08-20$56.77−0.5%
2025-08-19$57.06+1.5%
2025-08-18$56.23−0.1%
2025-08-15$56.31−0.2%
2025-08-14$56.42+1.5%
2025-08-13$55.58+2.6%
2025-08-12$54.16+0.3%
2025-08-11$54.01+0.9%
2025-08-08$53.53+1.1%
2025-08-07$52.95+0.9%
2025-08-06$52.47−0.2%
2025-08-05$52.58−0.4%
2025-08-04$52.77+0.5%
2025-08-01$52.53−1.5%
2025-07-31$53.34+2.4%
2025-07-30$52.110.0%
2025-07-29$52.11−2.5%
2025-07-28$53.45+0.1%
2025-07-25$53.40+2.0%
2025-07-24$52.34−1.5%
2025-07-23$53.13+8.7%
2025-07-22$48.89−8.1%
2025-07-21$53.210.0%
2025-07-18$53.220.0%
2025-07-17$53.21+0.1%
2025-07-16$53.18+0.9%
2025-07-15$52.71−1.2%
2025-07-14$53.33−0.1%
2025-07-11$53.39+0.5%
2025-07-10$53.15+1.1%
2025-07-09$52.57+0.7%
2025-07-08$52.19+0.7%
2025-07-07$51.82−2.0%
2025-07-03$52.89+0.4%
2025-07-02$52.68+1.2%
2025-07-01$52.03+5.7%
2025-06-30$49.21−0.9%
2025-06-27$49.68+1.1%
2025-06-26$49.16+2.1%
2025-06-25$48.13−1.8%
2025-06-24$49.00+1.0%
2025-06-23$48.52+0.7%
2025-06-20$48.20+0.2%
2025-06-18$48.09−0.4%
2025-06-17$48.28−2.0%
2025-06-16$49.27+1.3%
2025-06-13$48.65−1.2%
2025-06-12$49.26−1.2%
2025-06-11$49.87+1.9%
2025-06-10$48.93+2.1%
2025-06-09$47.93+1.0%
2025-06-06$47.47+0.5%
2025-06-05$47.25−0.9%
2025-06-04$47.67−2.8%
2025-06-03$49.06+2.9%
2025-06-02$47.69−3.9%
2025-05-30$49.61+2.1%
2025-05-29$48.59+1.0%
2025-05-28$48.13−2.0%
2025-05-27$49.09+0.8%
2025-05-23$48.69−1.2%
2025-05-22$49.28−0.2%
2025-05-21$49.37−1.7%
2025-05-20$50.21+0.4%
2025-05-19$50.03−0.7%
2025-05-16$50.37+0.5%
2025-05-15$50.12−0.4%
2025-05-14$50.31−0.3%
2025-05-13$50.46+1.7%
2025-05-12$49.61+4.4%
2025-05-09$47.50+0.3%
2025-05-08$47.35+4.1%
2025-05-07$45.470.0%
2025-05-06$45.46+0.2%
2025-05-05$45.38+0.2%
2025-05-02$45.30+0.6%
2025-05-01$45.05−0.4%
2025-04-30$45.24−3.6%
2025-04-29$46.94−0.6%
2025-04-28$47.24+0.3%
2025-04-25$47.11+0.5%
2025-04-24$46.88+2.3%
2025-04-23$45.84+1.5%
2025-04-22$45.16+1.7%
2025-04-21$44.39−0.4%
2025-04-17$44.57+0.8%
2025-04-16$44.22−0.7%
2025-04-15$44.54−1.3%
2025-04-14$45.14+3.5%
2025-04-11$43.63−0.2%
2025-04-10$43.73−4.4%
2025-04-09$45.74+7.7%
2025-04-08$42.48−2.4%
2025-04-07$43.53−1.5%
2025-04-04$44.18−3.7%
2025-04-03$45.90−4.3%
2025-04-02$47.98+1.5%
2025-04-01$47.26+0.5%
2025-03-31$47.03+0.7%
2025-03-28$46.68−1.1%
2025-03-27$47.20−7.4%
2025-03-26$50.95−3.1%
2025-03-25$52.59+2.2%
2025-03-24$51.46+3.3%
2025-03-21$49.80+0.7%
2025-03-20$49.44−0.7%
2025-03-19$49.79+2.3%
2025-03-18$48.67−0.7%
2025-03-17$49.00+1.4%
2025-03-14$48.34+2.6%
2025-03-13$47.11−1.6%
2025-03-12$47.90−0.8%
2025-03-11$48.28+0.4%
2025-03-10$48.08+1.3%
2025-03-07$47.44+0.5%
2025-03-06$47.20−2.6%
2025-03-05$48.48+7.2%
2025-03-04$45.22−4.6%
2025-03-03$47.38−3.6%
2025-02-28$49.13+3.1%
2025-02-27$47.63−1.7%
2025-02-26$48.46+3.7%
2025-02-25$46.71+0.3%
2025-02-24$46.57+0.6%
2025-02-21$46.29−3.3%
2025-02-20$47.89+0.2%
2025-02-19$47.80−0.7%
2025-02-18$48.13−0.5%
2025-02-14$48.37+1.0%
2025-02-13$47.89+0.4%
2025-02-12$47.69+2.1%
2025-02-11$46.70+0.3%
2025-02-10$46.57−1.7%
2025-02-07$47.39−1.1%
2025-02-06$47.93+0.3%
2025-02-05$47.81−1.6%
2025-02-04$48.57+1.4%
2025-02-03$47.90−3.2%
2025-01-31$49.46−0.1%
2025-01-30$49.50−0.6%
2025-01-29$49.78−0.5%
2025-01-28$50.04−8.9%
2025-01-27$54.92+1.9%
2025-01-24$53.91−0.6%
2025-01-23$54.22+2.8%
2025-01-22$52.76−2.1%
2025-01-21$53.89+5.7%
2025-01-17$50.97−1.7%
2025-01-16$51.84+0.3%
2025-01-15$51.70+1.5%
2025-01-14$50.94+2.0%
2025-01-13$49.93+0.2%
2025-01-10$49.85−2.3%
2025-01-08$51.00−1.9%
2025-01-07$51.98−2.9%
2025-01-06$53.53+3.4%
2025-01-03$51.77+0.8%
2025-01-02$51.37−3.6%
2024-12-31$53.27−0.7%
2024-12-30$53.66−1.1%
2024-12-27$54.28+0.2%
2024-12-26$54.18+1.3%
2024-12-24$53.51+1.8%
2024-12-23$52.56+1.4%
2024-12-20$51.81+2.9%
2024-12-19$50.34+0.7%
2024-12-18$49.99−2.3%
2024-12-17$51.15−2.1%
2024-12-16$52.24−0.6%
2024-12-13$52.53+0.4%
2024-12-12$52.30+0.5%
2024-12-11$52.04−1.3%
2024-12-10$52.74+0.1%
2024-12-09$52.71−1.3%
2024-12-06$53.410.0%
2024-12-05$53.39+0.1%
2024-12-04$53.36−0.6%
2024-12-03$53.66−2.5%
2024-12-02$55.04−1.0%
2024-11-29$55.59+0.2%
2024-11-27$55.50+1.3%
2024-11-26$54.79−9.0%
2024-11-25$60.20+2.9%
2024-11-22$58.53+5.1%
2024-11-21$55.68+1.5%
2024-11-20$54.87−0.4%
2024-11-19$55.11−2.0%
2024-11-18$56.25−1.4%
2024-11-15$57.04−1.0%
2024-11-14$57.62−0.2%
2024-11-13$57.71+0.5%
2024-11-12$57.41−0.4%
2024-11-11$57.66+3.7%
2024-11-08$55.58+0.3%
2024-11-07$55.39+0.6%
2024-11-06$55.05+2.5%
2024-11-05$53.70+3.7%
2024-11-04$51.80+1.6%
2024-11-01$50.96+0.4%
2024-10-31$50.76−2.3%
2024-10-30$51.97+0.8%
2024-10-29$51.54−2.3%
2024-10-28$52.73+1.3%
2024-10-25$52.07−1.2%
2024-10-24$52.72−0.4%
2024-10-23$52.92−1.5%
2024-10-22$53.73+9.8%
2024-10-21$48.93−0.5%
2024-10-18$49.18−0.4%
2024-10-17$49.38+0.8%
2024-10-16$49.01+2.4%
2024-10-15$47.85−1.6%
2024-10-14$48.63+1.6%
2024-10-11$47.87+0.4%
2024-10-10$47.69−0.5%
2024-10-09$47.93+4.2%
2024-10-08$46.01+0.1%
2024-10-07$45.98+0.7%
2024-10-04$45.68+1.6%
2024-10-03$44.98+0.4%
2024-10-02$44.82−0.1%
2024-10-01$44.88+0.1%
2024-09-30$44.84−3.5%
2024-09-27$46.48+1.5%
2024-09-26$45.81+0.2%
2024-09-25$45.73−4.9%
2024-09-24$48.07+0.1%
2024-09-23$48.04−1.7%
2024-09-20$48.88+0.5%
2024-09-19$48.62−0.1%
2024-09-18$48.66+2.4%
2024-09-17$47.52+1.4%
2024-09-16$46.87+1.2%
2024-09-13$46.30+0.4%
2024-09-12$46.12+3.2%
2024-09-11$44.67−0.3%
2024-09-10$44.82−5.4%
2024-09-09$47.40+0.6%
2024-09-06$47.14−2.1%
2024-09-05$48.15−0.6%
2024-09-04$48.45+0.1%
2024-09-03$48.41−2.8%
2024-08-30$49.78+0.6%
2024-08-29$49.47+0.9%
2024-08-28$49.05−0.4%
2024-08-27$49.25+1.0%
2024-08-26$48.75+0.4%
2024-08-23$48.57+4.5%
2024-08-22$46.46−0.2%
2024-08-21$46.56+1.3%
2024-08-20$45.98+0.5%
2024-08-19$45.76+1.0%
2024-08-16$45.32+1.0%
2024-08-15$44.86+2.9%
2024-08-14$43.61+0.7%
2024-08-13$43.32+0.8%
2024-08-12$42.99−1.1%
2024-08-09$43.48+1.8%
2024-08-08$42.73+5.1%
2024-08-07$40.65+0.1%
2024-08-06$40.61+1.7%
2024-08-05$39.95−3.0%
2024-08-02$41.17−5.1%
2024-08-01$43.37−2.1%
2024-07-31$44.32+0.2%
2024-07-30$44.23+0.2%
2024-07-29$44.15+0.1%
2024-07-26$44.120.0%
2024-07-25$44.13−5.1%
2024-07-24$46.49+0.2%
2024-07-23$46.38−6.4%
2024-07-22$49.56+2.6%
2024-07-19$48.30−2.7%
2024-07-18$49.65−0.5%
2024-07-17$49.90+0.3%
2024-07-16$49.77+1.0%
2024-07-15$49.30+0.6%
2024-07-12$49.01+2.3%
2024-07-11$47.93+3.0%
2024-07-10$46.53+0.6%
2024-07-09$46.26−0.6%
2024-07-08$46.55+0.1%
2024-07-05$46.52−0.4%
2024-07-03$46.71−0.5%
2024-07-02$46.95+0.6%
2024-07-01$46.68+0.5%
2024-06-28$46.46+1.9%
2024-06-27$45.58−0.4%
2024-06-26$45.77−1.4%
2024-06-25$46.41−3.5%
2024-06-24$48.11+0.8%
2024-06-21$47.72−0.1%
2024-06-20$47.77+0.7%
2024-06-18$47.44+0.1%
2024-06-17$47.40+1.3%
2024-06-14$46.77−1.8%
2024-06-13$47.65−2.5%
2024-06-12$48.86+1.3%
2024-06-11$48.21+1.3%
2024-06-10$47.57+4.0%
2024-06-07$45.72+0.2%
2024-06-06$45.610.0%
2024-06-05$45.62+0.8%
2024-06-04$45.26−1.0%
2024-06-03$45.74+1.7%
2024-05-31$44.99+3.6%
2024-05-30$43.41+1.8%
2024-05-29$42.64−1.0%
2024-05-28$43.09−2.3%
2024-05-24$44.11+0.9%
2024-05-23$43.73−0.5%
2024-05-22$43.97−2.1%
2024-05-21$44.92−0.4%
2024-05-20$45.11−1.4%
2024-05-17$45.76−0.2%
2024-05-16$45.87+0.8%
2024-05-15$45.49+1.0%
2024-05-14$45.03−0.3%
2024-05-13$45.17−0.1%
2024-05-10$45.21−0.3%
2024-05-09$45.36+0.7%
2024-05-08$45.05−0.5%
2024-05-07$45.28+0.5%
2024-05-06$45.06+0.4%
2024-05-03$44.86+0.4%
2024-05-02$44.67+0.4%
2024-05-01$44.47−0.1%
2024-04-30$44.53−3.3%
2024-04-29$46.04+0.4%
2024-04-26$45.84+0.5%
2024-04-25$45.62+1.2%
2024-04-24$45.080.0%
2024-04-23$45.10+4.4%
2024-04-22$43.21+2.0%
2024-04-19$42.37−0.2%
2024-04-18$42.440.0%
2024-04-17$42.46−0.5%
2024-04-16$42.66−0.1%
2024-04-15$42.69−0.9%
2024-04-12$43.08−1.7%
2024-04-11$43.84−0.2%
2024-04-10$43.94−1.8%
2024-04-09$44.73+0.9%
2024-04-08$44.34+0.2%
2024-04-05$44.23+1.3%
2024-04-04$43.68−3.3%
2024-04-03$45.17+0.6%
2024-04-02$44.89−1.1%
2024-04-01$45.40+0.1%
2024-03-28$45.35+1.7%
2024-03-27$44.59+1.3%
2024-03-26$44.00+1.0%
2024-03-25$43.55+1.1%
2024-03-22$43.06−0.8%
2024-03-21$43.42+1.3%
2024-03-20$42.85+3.2%
2024-03-19$41.51+1.7%
2024-03-18$40.82+0.3%
2024-03-15$40.69+3.3%
2024-03-14$39.38−2.2%
2024-03-13$40.26+2.7%
2024-03-12$39.21−0.8%
2024-03-11$39.53+0.1%
2024-03-08$39.50+0.4%
2024-03-07$39.35−2.0%
2024-03-06$40.15−1.2%
2024-03-05$40.65−0.7%
2024-03-04$40.93−0.1%
2024-03-01$40.990.0%
2024-02-29$40.98+0.9%
2024-02-28$40.63+1.1%
2024-02-27$40.18+1.0%
2024-02-26$39.79+0.4%
2024-02-23$39.63+0.7%
2024-02-22$39.34−0.4%
2024-02-21$39.49+1.2%
2024-02-20$39.01+0.8%
2024-02-16$38.70−0.7%
2024-02-15$38.99+1.6%
2024-02-14$38.37+0.2%
2024-02-13$38.31−2.5%
2024-02-12$39.28+1.9%
2024-02-09$38.56−0.2%
2024-02-08$38.65−0.2%
2024-02-07$38.72+1.8%
2024-02-06$38.03+0.6%
2024-02-05$37.79−2.9%
2024-02-02$38.91+0.1%
2024-02-01$38.87+0.2%
2024-01-31$38.80+1.7%
2024-01-30$38.15+7.8%
2024-01-29$35.39+0.6%
2024-01-26$35.18+0.1%
2024-01-25$35.16+1.3%
2024-01-24$34.70−1.5%
2024-01-23$35.23−0.3%
2024-01-22$35.32−0.5%
2024-01-19$35.51+2.7%
2024-01-18$34.58−1.2%
2024-01-17$35.01−1.1%
2024-01-16$35.39+0.4%
2024-01-12$35.26−1.7%
2024-01-11$35.86−1.2%
2024-01-10$36.31−0.6%
2024-01-09$36.54−0.4%
2024-01-08$36.70+2.0%
2024-01-05$35.99+1.4%
2024-01-04$35.49+0.6%
2024-01-03$35.27−2.2%
2024-01-02$36.05+0.4%
2023-12-29$35.92−0.8%
2023-12-28$36.20+0.3%
2023-12-27$36.08−0.1%
2023-12-26$36.13+0.3%
2023-12-22$36.02−0.6%
2023-12-21$36.25+2.2%
2023-12-20$35.47−1.1%
2023-12-19$35.87+1.2%
2023-12-18$35.44−0.8%
2023-12-15$35.73−1.4%
2023-12-14$36.25+6.6%
2023-12-13$33.99+1.7%
2023-12-12$33.42−0.5%
2023-12-11$33.58−0.5%
2023-12-08$33.75+0.7%
2023-12-07$33.51+1.8%
2023-12-06$32.91+0.7%
2023-12-05$32.68−1.2%
2023-12-04$33.07+2.2%
2023-12-01$32.36+2.4%
2023-11-30$31.600.0%
2023-11-29$31.60+9.4%
2023-11-28$28.89+1.4%
2023-11-27$28.50+1.1%
2023-11-24$28.18+0.3%
2023-11-22$28.10+0.7%
2023-11-21$27.90−2.2%
2023-11-20$28.52+1.7%
2023-11-17$28.03+2.0%
2023-11-16$27.48−2.3%
2023-11-15$28.14−0.2%
2023-11-14$28.20+4.8%
2023-11-13$26.90+0.2%
2023-11-10$26.85+0.8%
2023-11-09$26.65−3.3%
2023-11-08$27.56−3.0%
2023-11-07$28.41−2.4%
2023-11-06$29.11−2.2%
2023-11-03$29.77+3.4%
2023-11-02$28.80+2.9%
2023-11-01$28.00−0.7%
2023-10-31$28.20+3.1%
2023-10-30$27.36+0.5%
2023-10-27$27.22−4.7%
2023-10-26$28.55−1.6%
2023-10-25$29.01+1.6%
2023-10-24$28.56−2.3%
2023-10-23$29.22−1.5%
2023-10-20$29.66+1.1%
2023-10-19$29.33−0.5%
2023-10-18$29.48−2.8%
2023-10-17$30.33+0.9%
2023-10-16$30.06+1.3%
2023-10-13$29.66−2.2%
2023-10-12$30.32−2.1%
2023-10-11$30.98−1.6%
2023-10-10$31.48+1.6%
2023-10-09$30.99+0.3%
2023-10-06$30.90+1.9%
2023-10-05$30.31−2.4%
2023-10-04$31.04−1.1%
2023-10-03$31.38−3.4%
2023-10-02$32.47−1.5%
2023-09-29$32.97−0.6%
2023-09-28$33.16+2.5%
2023-09-27$32.35+0.3%
2023-09-26$32.26−2.4%
2023-09-25$33.06+1.5%
2023-09-22$32.58−0.4%
2023-09-21$32.71−1.5%
2023-09-20$33.20−2.2%
2023-09-19$33.96+1.9%
2023-09-18$33.34−1.8%
2023-09-15$33.95+0.9%
2023-09-14$33.660.0%
2023-09-13$33.66+0.6%
2023-09-12$33.47+2.6%
2023-09-11$32.62−1.0%
2023-09-08$32.95+1.2%
2023-09-07$32.57−0.8%
2023-09-06$32.82−1.4%
2023-09-05$33.28−0.8%
2023-09-01$33.54+0.1%
2023-08-31$33.51+0.4%
2023-08-30$33.39−0.2%
2023-08-29$33.46+1.0%
2023-08-28$33.12+0.5%
2023-08-25$32.95+0.2%
2023-08-24$32.88−2.0%
2023-08-23$33.56+1.9%
2023-08-22$32.93−1.0%
2023-08-21$33.27+0.5%
2023-08-18$33.12+0.6%
2023-08-17$32.92+0.3%
2023-08-16$32.82−1.4%
2023-08-15$33.30−2.3%
2023-08-14$34.07+0.5%
2023-08-11$33.89−0.8%
2023-08-10$34.16−5.8%
2023-08-09$36.26−1.6%
2023-08-08$36.84−0.7%
2023-08-07$37.09+1.4%
2023-08-04$36.57−0.9%
2023-08-03$36.92−1.3%
2023-08-02$37.39−1.9%
2023-08-01$38.12−0.7%
2023-07-31$38.37+0.8%
2023-07-28$38.05−2.4%
2023-07-27$38.97+1.8%
2023-07-26$38.29+1.0%
2023-07-25$37.92−3.5%
2023-07-24$39.30+1.9%
2023-07-21$38.55−1.8%
2023-07-20$39.26+0.1%
2023-07-19$39.23+0.3%
2023-07-18$39.13+1.0%
2023-07-17$38.75−3.1%
2023-07-14$40.00−1.2%
2023-07-13$40.50+0.2%
2023-07-12$40.41+1.1%
2023-07-11$39.97+0.8%
2023-07-10$39.64+0.1%
2023-07-07$39.61+0.4%
2023-07-06$39.46+0.1%
2023-07-05$39.42+1.2%
2023-07-03$38.96+1.0%
2023-06-30$38.56+0.9%
2023-06-29$38.200.0%
2023-06-28$38.19+1.9%
2023-06-27$37.48+2.1%
2023-06-26$36.70+1.4%
2023-06-23$36.18−1.3%
2023-06-22$36.66−0.9%
2023-06-21$37.01−0.8%
2023-06-20$37.32−1.7%
2023-06-16$37.96−0.2%
2023-06-15$38.03+1.8%
2023-06-14$37.36−0.8%
2023-06-13$37.65+2.7%
2023-06-12$36.67+1.2%
2023-06-09$36.23+1.1%
2023-06-08$35.85−1.0%
2023-06-07$36.22+2.8%
2023-06-06$35.24+3.3%
2023-06-05$34.13−0.4%
2023-06-02$34.28+3.8%
2023-06-01$33.02+1.9%
2023-05-31$32.41−2.8%
2023-05-30$33.36+0.2%
2023-05-26$33.29+2.7%
2023-05-25$32.41+0.4%
2023-05-24$32.28−3.4%
2023-05-23$33.42+1.7%
2023-05-22$32.86+0.6%
2023-05-19$32.66−0.7%
2023-05-18$32.90+1.4%
2023-05-17$32.44+2.9%
2023-05-16$31.54−2.6%
2023-05-15$32.37−0.1%
2023-05-12$32.40−2.2%
2023-05-11$33.12+0.1%
2023-05-10$33.08−0.6%
2023-05-09$33.28−1.1%
2023-05-08$33.66+1.2%
2023-05-05$33.26+5.0%
2023-05-04$31.69−2.4%
2023-05-03$32.48−1.8%
2023-05-02$33.08−1.2%
2023-05-01$33.48+1.3%
2023-04-28$33.04+1.0%
2023-04-27$32.72+1.6%
2023-04-26$32.22−2.1%
2023-04-25$32.91−4.0%
2023-04-24$34.29+2.2%
2023-04-21$33.550.0%
2023-04-20$33.54−3.0%
2023-04-19$34.58−2.1%
2023-04-18$35.33+0.5%
2023-04-17$35.14+1.9%
2023-04-14$34.49−0.1%
2023-04-13$34.53−0.3%
2023-04-12$34.62−2.2%
2023-04-11$35.41−0.9%
2023-04-10$35.73+3.3%
2023-04-06$34.59−1.4%
2023-04-05$35.09−1.8%
2023-04-04$35.74−1.5%
2023-04-03$36.27−1.1%
2023-03-31$36.68+1.9%
2023-03-30$35.99+0.8%
2023-03-29$35.70+4.3%
2023-03-28$34.22−0.7%
2023-03-27$34.45+2.2%
2023-03-24$33.71−0.1%
2023-03-23$33.74−0.9%
2023-03-22$34.05−3.0%
2023-03-21$35.10+4.4%
2023-03-20$33.62+0.7%
2023-03-17$33.38−3.6%
2023-03-16$34.61+0.8%
2023-03-15$34.33−3.6%
2023-03-14$35.60−0.4%
2023-03-13$35.76−2.1%
2023-03-10$36.52−3.4%
2023-03-09$37.82−4.9%
2023-03-08$39.76+0.1%
2023-03-07$39.74−1.8%
2023-03-06$40.45−1.4%
2023-03-03$41.01+3.7%
2023-03-02$39.53+2.1%
2023-03-01$38.72−0.1%
2023-02-28$38.74−1.5%
2023-02-27$39.31+0.3%
2023-02-24$39.18−0.2%
2023-02-23$39.25−4.0%
2023-02-22$40.89−0.6%
2023-02-21$41.13−4.7%
2023-02-17$43.17+0.2%
2023-02-16$43.10+0.3%
2023-02-15$42.95+1.2%
2023-02-14$42.43+1.0%
2023-02-13$42.02+1.6%
2023-02-10$41.35−0.7%
2023-02-09$41.63+0.1%
2023-02-08$41.57+0.4%
2023-02-07$41.40+0.1%
2023-02-06$41.34+0.5%
2023-02-03$41.13−0.9%
2023-02-02$41.50+5.6%
2023-02-01$39.30−0.1%
2023-01-31$39.32+8.3%
2023-01-30$36.29−4.4%
2023-01-27$37.95+4.0%
2023-01-26$36.48+0.4%
2023-01-25$36.32+0.3%
2023-01-24$36.20−0.7%
2023-01-23$36.44+3.1%
2023-01-20$35.35−1.1%
2023-01-19$35.73−1.9%
2023-01-18$36.44−0.5%
2023-01-17$36.61+0.3%
2023-01-13$36.51−4.7%
2023-01-12$38.33+1.3%
2023-01-11$37.82+1.9%
2023-01-10$37.11+3.3%
2023-01-09$35.920.0%
2023-01-06$35.91+2.6%
2023-01-05$35.00+0.9%
2023-01-04$34.69+2.6%
2023-01-03$33.82

The release came before the open on Oct. 20; that day's official close was not yet in KeyVex's data when this story was written. Source: Tiingo end-of-day closes, as traded, via KeyVex.

How far the share count has already fallen

The count fell every year on those covers: 1.15 billion in January 2024, 995 million in January 2025 and 904 million in January 2026.10-K10-K10-K

On Nov. 29, 2023, GM announced a $10 billion accelerated share repurchase. In that kind of deal, GM pays the banks first and receives most of the shares at once; the final count is set later.8-K Later authorizations included a $6 billion program in February 2025 and another $6.0 billion in January 2026.8-K8-K The last of those was used up in October, the 10-Q says.10-Q

GM's shares outstanding fell from 1.39 billion to 843.5 millionCommon shares outstanding on the cover of each annual report, and of the Oct. 20, 2026 quarterly report, in millions
View the data
Report cover dateGM common shares outstandingNote
Jan. 20231,394.6M shares1,394,637,226 shares on Jan. 17, 2023 (2022 Form 10-K cover)
Jan. 20241,154.4M shares1,154,433,287 shares on Jan. 16, 2024 (2023 Form 10-K cover)
Jan. 2025995M shares995,001,891 shares on Jan. 16, 2025 (2024 Form 10-K cover)
Jan. 2026904M shares903,967,853 shares on Jan. 15, 2026 (2025 Form 10-K cover)
Oct. 2026843.5M shares843,549,423 shares on Oct. 9, 2026 (Form 10-Q cover)

Each count is as of a date in January, except the last, Oct. 9, 2026. Sources: GM Forms 10-K for 2022 through 2025, and Form 10-Q for the quarter ended Sept. 30, 2026.

What fewer shares do to the numbers

In the first nine months of 2026, GM's adjusted operating profit, which it calls EBIT-adjusted, rose 24% to $12.3 billion. Adjusted earnings per share rose 36%, to $10.97.8-K Most of the gap is the share count: GM's average diluted share count, which includes shares that could be issued from stock awards, fell about 7% over the same stretch.8-K

On the call, Jacobson said buybacks are "compounding the EPS growth of the company," meaning its earnings per share.Call Mary Barra, the chief executive, dated the program to 2023. "We began using surplus cash to repurchase shares, given our low valuation," she said.Call

The new $20 billion limit and what GM paid for its stock each yearShow chartHide chart
The new $20 billion limit and what GM paid for its stock each yearBillions of dollars. The new figure is an authorization, a ceiling on future buying; the others are cash GM paid
View the data
ItemBillions of dollarsNote
New authorization (Oct. 20, 2026, no expiration)$20.0B$20.0 billion, approved by GM's board; a limit on future buying, not cash spent
Paid in 2023 (Cash for repurchases)$11.1B$11.115 billion, 2023 Form 10-K
Paid in 2024 (Cash for repurchases)$7.1B$7.064 billion, 2024 Form 10-K
Paid in 2025 (Cash for repurchases)$6.0B$6.012 billion, 2025 Form 10-K
Paid Jan.-Sept. 2026 (Cash for repurchases)$5.3B$5.301 billion, Form 10-Q for the quarter ended Sept. 30, 2026

Sources: GM Form 8-K, Oct. 20, 2026; cash paid for repurchases of common stock from GM's Forms 10-K for 2023 through 2025 and Form 10-Q for the quarter ended Sept. 30, 2026.

Where the money comes from

GM's automotive business brought in $13.7 billion of operating cash in the first nine months.10-Q It spent $5.8 billion on capital projects and $6.2 billion on buybacks and dividends.10-Q Its automotive liquidity, the cash, securities and credit lines it can draw on, still rose $1.5 billion.10-Q

GM is still paying for its pullback from electric vehicles. It recorded $3.6 billion of charges for it in the first nine months.8-K Jacobson said GM has paid $4.6 billion of $7.4 billion in cash charges since mid-2025. He expects to pay about $1 billion more in the fourth quarter and the rest in 2027.Call

GM raised its cash-flow forecast by $1.5 billion at the midpoint.8-K GoodCarBadCar, a site that covers auto sales and earnings, noted that Jacobson cited the timing of tariff payments among the reasons. "Read on GM's own terms, the raise reflects a better calendar more than a better business," the site wrote.GoodCarBadCar

What GM said about the year ahead

GM narrowed its 2026 range for adjusted operating profit to $14.5 billion to $15.5 billion, from $14 billion to $16 billion.8-K Barra said GM's business is performing well. She also said "there are clear external headwinds, and in some cases, they are intensifying." GM still believes 2027 will be "another strong year and better than 2026," she said, if demand holds and cost pressures ease.Call

Jacobson put this year's hit from commodities, logistics and memory chips at about $2 billion. Annualizing the inflation since July would add $1 billion to $1.5 billion of headwind in 2027, he said, for a total 2027 headwind of roughly $2 billion.Call Emmanuel Rosner of Wolfe Research asked whether GM's goal to grow 2027 earnings assumed that $2 billion. Jacobson said GM "would need prices to come off of these levels a little bit to have the confidence to be able to grow." He added that GM is "committed to grow earnings every year."Call

Yahoo Finance's Pras Subramanian, writing that morning about GM's narrowed profit outlook, said: "Investors were hoping for more, as the stock is getting hit in early trading, down over 5%."Yahoo Finance

Asked by Citigroup's Michael Ward about the size of the new authorization, Barra said GM is "not going to put a specific timeline on it."Call The $20 billion has no end date. How much of it GM uses, and when, is not in its filings.8-K

What to watch

  1. Record date for GM's $0.18 quarterly dividend.

  2. GM's board approves the 2027 budget, Jacobson said.

  3. GM gives its 2027 guidance, Jacobson said.

  4. The rest of GM's cash payments for its electric-vehicle pullback come due, Jacobson said.

The paper trail

GM buyback filings cited in this story, Nov. 29, 2023 through Oct. 20, 2026.

Filed (ET)FormFilerWhat it shows
Nov. 29, 20238-KGMA $10 billion accelerated share repurchase, and plans for a 33% higher dividend starting with the January 2024 declaration.
Feb. 26, 20258-KGMA new $6 billion authorization, including a $2 billion accelerated repurchase.
Jan. 27, 20268-KGM2025 results and a new $6.0 billion authorization.
Oct. 20, 7:30 a.m.8-KGMThird-quarter results, narrowed 2026 guidance and the new $20.0 billion authorization.
Oct. 20, 5:00 p.m.10-QGM843,549,423 shares outstanding on Oct. 9; 65 million shares bought for $5.3 billion this year; the January program used up in October.

Sources

14 sources, 9 of them public records

Public records

  1. General Motors Co., Form 8-K, Exhibit 99.1: third-quarter 2026 results and new $20 billion share repurchase authorizationSEC EDGAR · Oct. 20, 2026
  2. General Motors Co., Form 10-Q for the quarter ended Sept. 30, 2026SEC EDGAR · Oct. 20, 2026
  3. General Motors Co., Form 8-K, Exhibit 99.1: $10 billion accelerated share repurchaseSEC EDGAR · Nov. 29, 2023
  4. General Motors Co., Form 8-K, Exhibit 99.1: new share repurchase plan, including $2 billion ASRSEC EDGAR · Feb. 26, 2025
  5. General Motors Co., Form 8-K, Exhibit 99.1: 2025 results and new $6.0 billion share repurchase authorizationSEC EDGAR · Jan. 27, 2026
  6. General Motors Co., Form 10-K for 2022 (cover share count)SEC EDGAR · Jan. 31, 2023
  7. General Motors Co., Form 10-K for 2023 (cover share count; 2023 repurchases)SEC EDGAR · Jan. 30, 2024
  8. General Motors Co., Form 10-K for 2024 (cover share count; 2024 repurchases)SEC EDGAR · Jan. 28, 2025
  9. General Motors Co., Form 10-K for 2025 (cover share count; 2025 repurchases)SEC EDGAR · Jan. 27, 2026

Reporting

  1. GM Q3 2026 earnings call transcriptThe Motley Fool · Oct. 20, 2026
  2. "GM beats on Q3 results, tightens profit outlook, unveils new $20 billion buyback", by Pras SubramanianYahoo Finance · Oct. 20, 2026
  3. GM third-quarter 2026 earnings: cash outlook and profit range (edited by Eli Lemberg)GoodCarBadCar · Oct. 20, 2026

Data

  1. End-of-day prices for GM, and for SPY and QQQ on the chart (Tiingo); GM's Oct. 20 IEX last tradeKeyVex · through Oct. 20, 2026
  2. The chart's Filings layer: KeyVex's Congress trade, insider trade, Form 144, 8-K and lobbying records for GMKeyVex · through Oct. 19, 2026

How we got these numbers

  • Prices are end-of-day closes as traded, not adjusted for dividends. GM's official Oct. 20 close was not yet in KeyVex's data when this story was written, so the chart runs through the Oct. 19 close. The Oct. 20 price, $77.09, is the last regular-hours trade on IEX at 4 p.m. Eastern, via Tiingo, against the $82.75 Oct. 19 close: a 6.8% drop. The Filings switch shows the filing markers from KeyVex's GM page, a selection of congressional trades, insider trades, Form 144 notices, 8-Ks and lobbying filings: not every filing, and not only those tied to this story.
  • Share counts are the common shares outstanding on the cover of each Form 10-K (as of Jan. 17, 2023; Jan. 16, 2024; Jan. 16, 2025; Jan. 15, 2026) and of the Form 10-Q filed Oct. 20, 2026 (as of Oct. 9, 2026). The drop from 1,394,637,226 to 843,549,423 is 551,087,803 shares, or 39.5%.
  • Buyback cash is "payments for repurchase of common stock" as GM reports it: $11.115 billion in 2023, $7.064 billion in 2024, $6.012 billion in 2025 and $5.301 billion from January through September 2026, a total of $29.492 billion. It excludes the October 2026 purchases GM described on its call.
  • Market value at the Oct. 19 close is 843,549,423 shares times $82.75, about $69.8 billion; $20 billion is 28.65% of that. The new authorization is a ceiling on future purchases, not money spent, and GM may suspend or stop it at any time.
  • Nine-month comparisons: EBIT-adjusted $12,302 million against $9,903 million (up 24.2%); EPS-diluted-adjusted $10.97 against $8.09 (up 35.6%); weighted-average diluted shares 908 million against 980 million (down 7.3%). EBIT-adjusted and EPS-diluted-adjusted are GM's own non-GAAP measures, reconciled in its release.

How KeyVex News works. Our stories are researched, drafted and checked with AI tools from public records. Every figure is checked against the filing it cites, and each story passes a final review before publication. Corrections are made in place and noted at the top of the story.

KeyVex News reports on public records. Nothing here is investment advice or a recommendation to buy or sell any security. Close prices from Tiingo.com.

The image shown with this story is AI-generated.

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