Vodafone Buys Back 2 Million Shares for Treasury in Ongoing Buyback Programme

An announcement from Vodafone ( (GB:VOD) ) is now available.

Vodafone has repurchased 2,000,000 of its ordinary shares on 18 March 2026 under a previously announced buyback programme, paying a volume-weighted average price of 109.41 pence per share. The shares, acquired via Goldman Sachs International acting as riskless principal, will be held in treasury, bringing Vodafone’s treasury holdings to 1,769,441,620 shares and leaving 23,108,519,137 ordinary shares in issue, a move that effectively reduces the company’s free float and can enhance earnings per share for remaining investors.

The transaction underscores Vodafone’s continuing capital management strategy, signalling confidence in its valuation and providing a mechanism to return value to shareholders alongside dividends. By shrinking the freely tradable share base while maintaining substantial liquidity on the London Stock Exchange, the group reinforces its commitment to shareholder returns amid ongoing efforts to streamline its portfolio and sharpen its competitive position in the European telecoms market.

The most recent analyst rating on (GB:VOD) stock is a Buy with a £123.00 price target. To see the full list of analyst forecasts on Vodafone stock, see the GB:VOD Stock Forecast page.

Spark’s Take on VOD Stock

According to Spark, TipRanks’ AI Analyst, VOD is a Neutral.

Vodafone’s overall stock score reflects a mix of financial challenges and positive strategic initiatives. The strong technical momentum and optimistic earnings call sentiment are offset by financial performance concerns and valuation issues. Corporate events further support a positive outlook.

To see Spark’s full report on VOD stock, click here.

More about Vodafone

Vodafone Group Plc is a global telecommunications company providing mobile, fixed-line, broadband, and digital services to consumers and enterprises. The group operates across multiple markets, with a focus on connectivity and related services in Europe and other international regions.

Average Trading Volume: 77,100,024

Technical Sentiment Signal: Buy

Current Market Cap: £25.24B

Learn more about VOD stock on TipRanks’ Stock Analysis page.