Vodafone Continues Share Buyback, Adds 2 Million Shares to Treasury

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

Vodafone has repurchased 2,000,000 of its ordinary shares on 24 March 2026 under a previously announced buyback programme with Goldman Sachs International, at a volume-weighted average price of 109.02 pence. The shares will be held in treasury, bringing its treasury holding to 1,227,655,577 shares and leaving 23,100,723,012 shares in issue, a move that marginally reduces free float and can enhance earnings per share and capital return metrics for investors.

The transaction, executed on the London Stock Exchange’s XLON venue with prices ranging between 107.70 pence and 109.85 pence, reflects Vodafone’s ongoing use of share repurchases as a capital management tool. By continuing to buy back stock through this programme, the company signals confidence in its valuation and balance sheet, while fine-tuning its capital structure in a competitive telecoms market focused on shareholder returns and disciplined investment.

The most recent analyst rating on (GB:VOD) stock is a Buy with a £120.00 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 multinational telecommunications company that provides mobile, fixed-line, broadband, and digital services across multiple markets. The group focuses on consumer and enterprise connectivity, operating extensive mobile and data networks that position it as a major player in the European and global telecoms sector.

Average Trading Volume: 84,380,705

Technical Sentiment Signal: Buy

Current Market Cap: £25.44B

See more data about VOD stock on TipRanks’ Stock Analysis page.