Ferrari N.V. completed the second tranche of its €3.5 billion share‑buyback program, repurchasing 924,482 shares for a total consideration of €272.6 million between April 13 and April 17, 2026. The tranche, which is capped at €250 million, was executed on the Euronext Milan and NYSE markets and included both market purchases and sell‑to‑cover transactions to satisfy employee grant obligations.
The cumulative repurchase now totals 924,482 shares, representing 9.00 % of the company’s issued common shares and 9.39 % when special voting shares are included. This level of share repurchase demonstrates Ferrari’s commitment to returning capital to shareholders while preserving liquidity for future investment opportunities.
The first tranche of the program, also capped at €250 million, was completed by April 9, 2026. The second tranche is scheduled to run until August 28, 2026, and is part of the broader €3.5 billion program announced during Ferrari’s 2025 Capital Markets Day. The program’s structure allows the company to manage cash flow and maintain flexibility for strategic initiatives.
Ferrari’s strong 2025 financial performance underpins the buyback. Net revenues reached €7.146 billion, up 7 % year‑over‑year, with an EBIT margin of 29.5 % and net profit of €1.6 billion. Industrial free cash flow surged 50 % to €1.538 billion. Management highlighted robust demand, disciplined volume strategy, and a solid order book extending to 2027, reinforcing confidence in the company’s ability to fund shareholder returns.
The buyback aligns with Ferrari’s strategy to return capital while maintaining liquidity for future investment, reflecting the company’s strong financial position and continued confidence in its growth trajectory.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.