# Berkshire spends $9.6bn on shares under Greg Abel

> Berkshire Hathaway buys $9.6bn of shares in Q3 2026 as CEO Greg Abel signals confidence.
- Title: Berkshire spends $9.6bn on shares under Greg Abel | Shortify
- Summary: Berkshire Hathaway buys $9.6bn of shares in Q3 2026 as CEO Greg Abel signals confidence.
- Keywords: berkshire hathaway, greg abel, share buybacks, q3 2026, operating income, insurance business, geico, national indemnity, duracell, financial times, berkshire shares, s&p 500
- Source: Financialexpress — https://financialexpress.com/market/global-markets/why-is-berkshire-spending-9-6-billion-buying-its-own-shares-under-greg-abel/4379566
- Author: Aditi
- Published: 2026-11-08T04:09:49+00:00
- Read time: 1 min
- Topics: berkshire hathaway, greg abel, share buybacks, q3 2026, operating income, insurance business, geico, national indemnity, duracell, financial times, berkshire shares, s&p 500
## Berkshire buybacks in Q3 2026
Berkshire Hathaway spent $9.6 billion buying back its own shares in the three months to September 2026.
## CEO Greg Abel leads buybacks
CEO Greg Abel took charge of Berkshire Hathaway in 2026 after Warren Buffett stepped down.
## Investors see undervaluation
Investors believe Berkshire shares are undervalued and worth buying at current prices.
## Three quarters of buybacks
Berkshire has bought back shares for three consecutive quarters with $4.7 billion in the first six months of 2026.
## Operating income falls 5.8%
Berkshire's operating income fell 5.8% to $12.7 billion in Q3 2026.
## Insurance business slowdown
Insurance underwriting earnings fell 43% due to competitive auto insurance market and inflation challenges.
## Geico faces higher costs
Geico experienced higher underwriting and advertising costs amid competitive auto insurance market.
## Foreign exchange losses
Foreign exchange losses on US dollar-denominated debt added to operating income decline.
## Net stock sales of $426m
Berkshire sold $426 million more shares than it bought in Q3 2026.
## Key takeaway

Berkshire Hathaway spent $9.6 billion on share buybacks in Q3 2026 under CEO Greg Abel despite a 5.8% drop in operating income.