Vodafone Buys Back 2 Million Shares for Treasury Under Ongoing Programme

Vodafone ( (GB:VOD) ) just unveiled an announcement.

Vodafone has repurchased 2,000,000 of its ordinary shares on 16 April 2026 under a previously announced buyback programme, paying a volume-weighted average price of 115 pence per share through Goldman Sachs International on the London Stock Exchange. The company will hold the shares in treasury, bringing its treasury stock to more than 1.25 billion shares and leaving just over 23.06 billion shares in issue, in a move that slightly reduces free float and can enhance capital-return metrics for existing shareholders.

The transaction forms part of an ongoing arrangement under which Goldman Sachs buys Vodafone shares in the market as riskless principal and then sells them on to the company. By continuing to execute this programme, Vodafone signals its commitment to returning capital and managing its equity base, which can support earnings per share and may influence investor perception of the group’s valuation and capital allocation discipline.

The most recent analyst rating on (GB:VOD) stock is a Hold with a £1.15 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 that provides mobile, fixed-line, broadband and related digital services to consumers and businesses. The group operates across multiple markets, with its shares listed in London, and actively manages its capital structure through programmes such as share buybacks and the use of treasury shares.

Average Trading Volume: 84,868,317

Technical Sentiment Signal: Buy

Current Market Cap: £26.78B

See more insights into VOD stock on TipRanks’ Stock Analysis page.