Ferrari buys back shares for €17.68 million under second tranche
Ferrari N.V. executed a buyback of 53,932 shares for €17.68 million on the Euronext Milan as part of its second tranche. The company has invested €460.81 million in total since January 5, 2026, repurchasing over 1.55 million shares.

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Ferrari N.V. has repurchased 53,932 common shares for a total consideration of €17,685,767.51 under the second tranche of its multi-year share buyback program. The purchases were executed on the Euronext Milan (EXM) between July 13 and July 17, 2026, at an average price of €327.9272 per share. This tranche is part of a broader Euro 250 million buyback program announced on April 10, 2026, which itself falls under a multi-year plan of approximately Euro 3.5 billion expected to be executed by 2030.
Recent Transaction Details
The company conducted the following transactions on the Euronext Milan during the specified period:
| Trading Date | Stock Exchange | Number of common shares purchased | Average price per share excluding fees (€) | Consideration excluding fees (€) |
|---|---|---|---|---|
| 13/07/2026 | EXM | 10,000 | 329.4545 | 3,294,545.00 |
| 14/07/2026 | EXM | 18,000 | 325.0512 | 5,850,921.60 |
| 15/07/2026 | EXM | 6,420 | 324.5964 | 2,083,908.89 |
| 17/07/2026 | EXM | 19,512 | 330.8934 | 6,456,392.02 |
| Total | - | 53,932 | 327.9272 | 17,685,767.51 |
Cumulative Investment and Treasury Holdings
Since the announcement of the second tranche until July 17, 2026, the company invested a total of Euro 164,808,568.07 to purchase 550,911 common shares on the EXM. Additionally, it invested USD 40,797,556.26 (Euro 35,241,239.97) to purchase 118,319 common shares on the NYSE.
As of July 17, 2026, Ferrari N.V. held 1,444,295 common shares in treasury, net of shares assigned under its equity incentive plan. This represents 0.81% of the then total issued common shares, or 0.62% of the total issued share capital including special voting shares. The reduction in treasury shares compared to prior disclosures follows the cancellation of shares approved by the Annual General Meeting of Shareholders on April 15, 2026.
Overall Program Progress
From the program's inception on January 5, 2026, through July 17, 2026, Ferrari N.V. has purchased a total of 1,554,675 own common shares on the EXM and NYSE. These transactions, which include those for Sell to Cover, amount to a total consideration of Euro 460,807,893.07.
How will Ferrari balance the remaining €3.25 billion of the buyback program with potential capital expenditures for new model development?
What impact will the cancellation of treasury shares have on Ferrari's earnings per share and dividend policy moving forward?
How might the shift in the proportion of treasury shares held on the NYSE versus Euronext Milan affect the company's liquidity strategy?

































