When did the board authorize the $500 million buyback program?

Life Time's board of directors approved the share repurchase program on February 24, 2026. The company began executing repurchases under this authorization and purchased 2.2 million shares at an average price of $28.59 during the second quarter of 2026.

How much did Life Time repurchase in Q2 2026, and at what price?

During the three months ended June 30, 2026, the company repurchased approximately 2.2 million shares for total consideration of $62.7 million, at an average price per share of $28.59. These repurchases were executed as open-market purchases.

What is Life Time's current share count and guidance for 2026?

As of June 30, 2026, Life Time had 223.2 million shares issued and outstanding. Full-year 2026 guidance projects weighted-average diluted shares outstanding of 227 million to 229 million, excluding incremental impact from the $500 million buyback program.

Does Life Time have sufficient cash and liquidity to fund the buyback?

Yes. As of June 30, 2026, Life Time had total available liquidity of $855.7 million, comprising $223.6 million in cash and cash equivalents and $632.1 million of availability on its $650 million revolving credit facility. The company also generated $408.4 million in operating cash flow during the first half of 2026.

How does the buyback fit into Life Time's broader capital allocation strategy?

Life Time is balancing share repurchases with significant growth capital expenditures, including $523.2 million in capital spending during the first half of 2026 and approximately $200 million in planned sale-leaseback transactions in the second half. The company is opening 14 new clubs in 2026, prioritizing growth while returning capital to shareholders when financial metrics support it.

What is Life Time's leverage position, and does it support the buyback program?

Life Time's net debt leverage ratio improved to 1.4x as of June 30, 2026, from 1.8x a year earlier, and the company maintains a target of 2.0x or below. This strengthened balance sheet, combined with improved operating performance and strong comparable center revenue growth of 8.9% year-to-date, provides a solid foundation for the $500 million buyback authorization.

LTH 8-K Filed 2026-07-30 New authorization

Life Time authorizes $500M share repurchase program

Fitness operator board approves buyback; company repurchased 2.2M shares in Q2 2026 at $28.59 average

Authorization$500M

MechanismRule 10b-18 open-market purcha

What the filing says

Life Time Group Holdings, Inc. (NYSE: LTH) disclosed a $500 million share repurchase program approved by its board of directors on February 24, 2026, in its second-quarter earnings release filed on July 30, 2026. Under this authorization, the company repurchased approximately 2.2 million shares during the three months ended June 30, 2026, at an average price of $28.59 per share, for total consideration of approximately $62.7 million.

The repurchases were executed as open-market purchases under Rule 10b-18. The company's 2026 full-year guidance projects weighted-average diluted common shares outstanding of 227 million to 229 million shares, noting this excludes any incremental impact that may result from the $500 million buyback program. At June 30, 2026, the company had 223.2 million shares issued and outstanding.

Life Time's strong financial performance in the first half of 2026 provided cash support for the repurchase program. The company generated net cash from operating activities of $408.4 million for the six months ended June 30, 2026, and reported total available liquidity of $855.7 million as of that date, including $223.6 million in cash and cash equivalents and $632.1 million of availability on its revolving credit facility.

During the three months ended June 30, 2026, we repurchased approximately 2.2 million shares of our common stock under our share repurchase program approved by our board of directors on February 24, 2026, for total consideration of approximately $62.7 million at an average price per share of $28.59. — Life Time Group Holdings, Inc. 8-K filing · View on SEC EDGAR →

What this means

Life Time's $500 million share repurchase authorization reflects management confidence in the company's financial position and growth trajectory. The program, combined with aggressive capital deployment toward new club openings and modernization initiatives, demonstrates a balanced capital allocation strategy. With net debt leverage at 1.4x trailing twelve-month Adjusted EBITDA (improved from 1.8x a year earlier), the company has increased financial flexibility for shareholder returns. The repurchase activity—$62.7 million in Q2 alone—could reduce dilution from equity compensation and lower share count by approximately 1–2% annually, though the full impact depends on execution and market conditions through the authorization period.

Frequently asked questions

When did the board authorize the $500 million buyback program?: Life Time's board of directors approved the share repurchase program on February 24, 2026. The company began executing repurchases under this authorization and purchased 2.2 million shares at an average price of $28.59 during the second quarter of 2026.
How much did Life Time repurchase in Q2 2026, and at what price?: During the three months ended June 30, 2026, the company repurchased approximately 2.2 million shares for total consideration of $62.7 million, at an average price per share of $28.59. These repurchases were executed as open-market purchases.
What is Life Time's current share count and guidance for 2026?: As of June 30, 2026, Life Time had 223.2 million shares issued and outstanding. Full-year 2026 guidance projects weighted-average diluted shares outstanding of 227 million to 229 million, excluding incremental impact from the $500 million buyback program.
Does Life Time have sufficient cash and liquidity to fund the buyback?: Yes. As of June 30, 2026, Life Time had total available liquidity of $855.7 million, comprising $223.6 million in cash and cash equivalents and $632.1 million of availability on its $650 million revolving credit facility. The company also generated $408.4 million in operating cash flow during the first half of 2026.
How does the buyback fit into Life Time's broader capital allocation strategy?: Life Time is balancing share repurchases with significant growth capital expenditures, including $523.2 million in capital spending during the first half of 2026 and approximately $200 million in planned sale-leaseback transactions in the second half. The company is opening 14 new clubs in 2026, prioritizing growth while returning capital to shareholders when financial metrics support it.
What is Life Time's leverage position, and does it support the buyback program?: Life Time's net debt leverage ratio improved to 1.4x as of June 30, 2026, from 1.8x a year earlier, and the company maintains a target of 2.0x or below. This strengthened balance sheet, combined with improved operating performance and strong comparable center revenue growth of 8.9% year-to-date, provides a solid foundation for the $500 million buyback authorization.

authorization execution rule-10b-18 fitness-leisure mega-cap

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.