London, Feb 17, 2026, 08:50 GMT — Regular session
Vodafone Group Public Limited Company slipped roughly 0.3% to 113.9 pence early Tuesday in London, following its latest share buyback announcement. Shares moved in a tight band, hitting lows of 113.9 pence and topping out at 114.8 pence during the session. (Investing.com)
The filing stands out—Vodafone’s buyback is one of the few consistent levers investors can rely on right now, as the company works to shore up cash flow and chip away at its share count. With the market scrutinizing balance sheets more than usual, capital returns are drawing nearly as much attention as service revenue.
Vodafone picked up 17,154,175 ordinary shares on Feb. 16, buying them from Goldman Sachs International at a volume-weighted average of 113.93 pence each. The top price paid: 114.45 pence. These shares head to treasury, pushing Vodafone’s total there to 1,634,692,868. Shares outstanding, not counting treasury stock, now sit at 23,243,267,889. (TradingView)
Vodafone shares barely budged, trailing the stronger market as the FTSE climbed roughly 0.4% in early trading. (Reuters)
Vodafone kicked off its €500 million buyback programme on Feb. 5, putting Goldman Sachs in charge of snapping up shares through May 11 at the latest, following a non-discretionary mandate. According to Vodafone, the goal here is to trim share capital—stock picked up will sit in treasury before being either cancelled or handed out for employee awards. (TradingView)
Vodafone kicked off its buyback following a quarterly update earlier this month. Chief Executive Margherita Della Valle pointed to ongoing challenges in Germany, calling the market “competitive,” though she insisted, “every quarter customer experience goes one step higher.” (Reuters)
Still, buybacks won’t shield the stock if trading momentum fades, rivals ramp up, or cash demands increase. Should the core European markets take longer to recover, investors are likely to zero in on leverage and spending rather than the number of shares outstanding.
Traders are watching just two things in the short run: the stock’s reliance on open-market buybacks, and if that support actually limits losses when risk appetite dries up.
Investors now look ahead to Vodafone’s FY26 results, coming up May 12. (vodafone.com)
