How much of GEO's $500M buyback authorization has been used so far?

As of June 30, 2026, GEO had repurchased 10.1 million shares for $177 million, leaving $323 million (or 65%) of the authorization available. In Q2 alone, the company repurchased 1.6 million shares for $36.6 million.

What was the average price GEO paid per share in Q2 2026?

GEO repurchased shares at an average price of approximately $22.88 per share in the second quarter ($36.6M ÷ 1.6M shares).

How will GEO conduct its share repurchases?

Repurchases will be made in accordance with Rule 10b-18, which allows open-market purchases, block purchases, privately negotiated transactions, or trading plans. Senior management has discretion to time and execute these purchases based on market conditions and other business priorities.

Is GEO obligated to repurchase the full $500M authorization?

No. The authorization does not obligate the company to repurchase any particular amount. The Board may extend, increase, decrease, suspend, or terminate the program at any time, and execution depends on liquidity, debt service, regulatory requirements, and other corporate priorities.

What was GEO's share count after Q2 repurchases?

GEO's outstanding share count stood at approximately 132 million shares as of June 30, 2026, following the cumulative repurchases of 10.1 million shares.

How does the buyback fit into GEO's capital allocation strategy?

The filing states that GEO is 'focused on pursuing new growth opportunities and allocating capital to enhance long-term value for our shareholders.' Buybacks are balanced against the company's debt obligations, with net leverage below 3x Adjusted EBITDA as of Q2.

GEO 8-K Filed 2026-08-06 Execution disclosure

GEO Group repurchased 1.6M shares for $36.6M in Q2 2026

Ongoing buybacks under $500M authorization; $323M remaining capacity as of June 30.

Shares repurchased1.6M

Avg price paid$22.88

Remaining$323M

MechanismRule 10b-18 open-market purcha

What the filing says

The GEO Group reported share repurchases of approximately 1.6 million shares for $36.6 million during the second quarter of 2026. This execution occurred under the company's $500 million share repurchase authorization from the Board of Directors.

As of June 30, 2026, GEO had repurchased a cumulative 10.1 million shares for approximately $177 million since the program's inception, leaving $323 million of repurchase authorization available. The company stated it will conduct repurchases in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, with execution "at our senior management's discretion from time to time in the open market, by block purchase, through privately negotiated transactions, pursuant to a trading plan, or otherwise."

The repurchase program is discretionary and subject to market conditions, regulatory requirements, the company's existing debt obligations, liquidity needs, and other corporate priorities. The Board may extend, increase, decrease, suspend, or terminate the authorization at any time. As of the filing date, the company reported approximately 132 million outstanding shares following the repurchases.

During the second quarter of 2026, we repurchased approximately 1.6 million shares of GEO common stock at an aggregate cost of approximately $36.6 million. As of June 30, 2026, we had repurchased approximately 10.1 million shares of GEO common stock at an aggregate cost of approximately $177 million under our $500 million share repurchase authorization. — GEO GROUP INC 8-K filing · View on SEC EDGAR →

What this means

GEO Group continues executing its $500 million share repurchase program at a steady pace, having retired 10.1 million shares (roughly 7% of the current 132 million share count) year-to-date for $177 million. With $323 million remaining, the company has substantial capacity to continue buybacks. The Q2 average price of $22.88 per share reflects market conditions during that period. Repurchases reduce share count and can support per-share earnings metrics, though the filing emphasizes that execution depends on liquidity, debt service obligations, and business priorities—not a fixed timeline. The company maintains net leverage below 3x Adjusted EBITDA, providing financial flexibility to balance capital returns with debt reduction.

Frequently asked questions

How much of GEO's $500M buyback authorization has been used so far?: As of June 30, 2026, GEO had repurchased 10.1 million shares for $177 million, leaving $323 million (or 65%) of the authorization available. In Q2 alone, the company repurchased 1.6 million shares for $36.6 million.
What was the average price GEO paid per share in Q2 2026?: GEO repurchased shares at an average price of approximately $22.88 per share in the second quarter ($36.6M ÷ 1.6M shares).
How will GEO conduct its share repurchases?: Repurchases will be made in accordance with Rule 10b-18, which allows open-market purchases, block purchases, privately negotiated transactions, or trading plans. Senior management has discretion to time and execute these purchases based on market conditions and other business priorities.
Is GEO obligated to repurchase the full $500M authorization?: No. The authorization does not obligate the company to repurchase any particular amount. The Board may extend, increase, decrease, suspend, or terminate the program at any time, and execution depends on liquidity, debt service, regulatory requirements, and other corporate priorities.
What was GEO's share count after Q2 repurchases?: GEO's outstanding share count stood at approximately 132 million shares as of June 30, 2026, following the cumulative repurchases of 10.1 million shares.
How does the buyback fit into GEO's capital allocation strategy?: The filing states that GEO is 'focused on pursuing new growth opportunities and allocating capital to enhance long-term value for our shareholders.' Buybacks are balanced against the company's debt obligations, with net leverage below 3x Adjusted EBITDA as of Q2.

execution rule-10b-18 mid-cap corrections-services ongoing-program

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.