Ferrari’s share buyback program added further common share purchases under a Euro 250 million plan disclosed on April 10, 2026. The company described the effort as the second tranche of a wider multi-year repurchase plan valued at about Euro 3.5 billion and expected to continue through 2030. Transactions covered purchases executed on Euronext Milan and the New York Stock Exchange. Ferrari reported the activity through a periodic update dated May 25, 2026.

Through May 22, 2026, Ferrari recorded Euro 86,915,369.71 in spending tied to 297,808 common shares acquired on Euronext Milan. On the NYSE, the company reported purchases totaling USD 11,499,218.14, equivalent to Euro 9,817,831.30, for 34,850 common shares. The figures reflect activity completed since the second tranche announcement. Currency conversion referenced the European Central Bank exchange rate used on purchase dates.

Ferrari also disclosed the size of its treasury holdings as of May 22, 2026. The company held 17,752,329 common shares after accounting for shares assigned through its equity incentive plan. That amount represented 9.15% of issued common shares at the time. When special voting shares were included, treasury holdings accounted for 9.50% of total issued share capital.

The company clarified that treasury share cancellation approved during the April 15, 2026 annual shareholder meeting had not yet taken effect. As a result, Ferrari excluded that approved cancellation from the ownership calculations presented in the update. The disclosure positioned current figures as reflective of holdings before any approved reduction becomes effective.

Since January 5, 2026, the beginning of the broader repurchase effort announced during the 2025 Capital Markets Day, Ferrari said it acquired 1,218,103 common shares across EXM and NYSE transactions, including Sell to Cover activity. Total spending over that period reached Euro 357,491,286.05. Ferrari added that transaction details and a broader overview remain available in the buyback section of its corporate website.

📊 What This Means (Our Analysis)

Ferrari’s update places clear numbers around how the company is carrying out a long-term repurchase plan rather than presenting only a broad financial target. By outlining spending, share counts, and treasury holdings, the disclosure gives readers a direct view into the pace and structure of execution already underway.

The detail also matters because Ferrari separated current holdings from changes that shareholders already approved but that remain unfinished. That distinction makes the reported figures easier to interpret and helps frame how the company measures progress within a multi-year program extending to 2030.

📌 Our Take: The pace of disclosed purchases suggests Ferrari intends to track progress with measurable updates as the broader plan unfolds.