Ferrari (NYSE:RACE) reported progress on its share buyback program. Under the €250 million second tranche announced April 10, 2026, it repurchased 15,638 shares on the NYSE on June 29–30 for about $5.8 million (€5.1 million).
By July 3, 2026, cumulative purchases under the second tranche reached 587,298 shares for roughly €173.2 million, while the multi-year program since January 5, 2026 totaled 1,472,743 shares for €433.9 million. Ferrari held 18,006,969 treasury shares, equal to 9.29% of issued common shares and 9.60% of total share capital including special voting shares. Cancellation of treasury shares approved on April 15, 2026 has not yet been executed.
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Positive
Second-tranche buyback: €173.2 million spent for 587,298 shares by July 3, 2026
Multi-year program purchases: 1,472,743 shares for total consideration of €433,925,302.76
Treasury position: 18,006,969 common shares held, 9.29% of issued common shares
Negative
Cancellation of treasury shares approved April 15, 2026 not yet effectuated
News Market Reaction – RACE
+1.79%
+1.79%Session close to close
In the Jul 6 session, RACE gained 1.79%, reflecting a mild positive market reaction.
Maranello (Italy), July 6, 2026 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on April 10, 2026, as the second tranche of the multi-year share buyback program of approximately Euro 3.5 billion expected to be executed by 2030 in line with the disclosure made during the 2025 Capital Markets Day (the “Second Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the New York Stock Exchange (NYSE) as follows:
Trading Date (dd/mm/yyyy)
Stock Exchange
Number of common shares purchased
Average price per share excluding fees ($)
Consideration excluding fees
($)
Consideration excluding fees
(€)
29/06/2026
NYSE
8,108
369.9622
2,999,653.52
2,629,890.86
30/06/2026
NYSE
7,530
371.8096
2,799,726.29
2,457,193.51
Total
-
15,638
370.8518
5,799,379.81
5,087,084.37
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Second Tranche till July 3, 2026, the total invested consideration has been:
Euro 137,925,977.76 for No. 468,979 common shares purchased on the EXM
USD 40,797,556.26 (Euro 35,241,239.97 *) for No. 118,319 common shares purchased on the NYSE.
As of July 3, 2026 the Company held in treasury No. 18,006,969 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.29% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.60% of the then total issued share capital. For the avoidance of doubt, the cancellation of treasury shares, as approved by the Annual General Meeting of Shareholders of the Company held on April 15, 2026, has not yet been effectuated and therefore has not been taken into account for such calculations.
Since January 5, 2026, start date of the multi-year share buyback program of approximately Euro 3.5 billion announced during the 2025 Capital Markets Day, until July 3, 2026, the Company has purchased a total of 1,472,743 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 433,925,302.76.
A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).
What did Ferrari (RACE) announce about its share buyback on July 6, 2026?
Ferrari reported recent purchases under its ongoing multi-year share buyback. According to Ferrari, it is executing a roughly €3.5 billion program by 2030, providing periodic updates on shares repurchased, cash spent and treasury share levels across EXM and NYSE.
How many Ferrari (RACE) shares were repurchased on the NYSE on June 29–30, 2026?
Ferrari repurchased 15,638 common shares on the NYSE over June 29–30, 2026. According to Ferrari, the average price was about $370.85 per share, for total consideration of $5,799,379.81, equivalent to €5,087,084.37 at European Central Bank reference rates.
What is the size and status of Ferrari’s second-tranche buyback program in 2026?
Ferrari’s second tranche is a €250 million share buyback announced April 10, 2026. According to Ferrari, by July 3, 2026 it had invested about €173.2 million to repurchase 587,298 common shares across EXM and NYSE as part of this tranche.
How many treasury shares does Ferrari (RACE) currently hold as of July 3, 2026?
As of July 3, 2026, Ferrari held 18,006,969 common shares in treasury. According to Ferrari, this equals 9.29% of total issued common shares, or 9.60% of total share capital when including special voting shares in the calculation.
What is the total progress of Ferrari’s €3.5 billion multi-year buyback program?
Since January 5, 2026, Ferrari has purchased 1,472,743 own common shares on EXM and NYSE. According to Ferrari, total consideration spent under the multi-year buyback program so far is €433,925,302.76, within the approximately €3.5 billion expected by 2030.
Has Ferrari (RACE) cancelled any treasury shares approved at the April 15, 2026 AGM?
No, the cancellation has not yet been implemented. According to Ferrari, the treasury share cancellation approved by shareholders on April 15, 2026 has not been effectuated and is therefore not reflected in current ownership calculations.
