Goldman Sachs projects U.S. companies will return a record $1.7 trillion to shareholders through stock buybacks in 2027, potentially offsetting the dilutive effects of equity issuance near historic highs. The investment bank expects publicly traded stock supply to rise sharply next year but anticipates corporate repurchases will shield market valuations from typical downward pressure. Strong demand from households and foreign investors, combined with the unprecedented buyback volume, should be sufficient to absorb the influx of new shares. This convergence of corporate capital returns and external investor appetite is expected to stabilize equity markets despite the significant increase in available stock supply.