What is TKO's total share repurchase authorization, and how much remains available?

TKO's board authorized a $3 billion share repurchase program with no expiration date. As of August 3, 2026, slightly over $1 billion remained available for future repurchases after deploying approximately $2 billion year-to-date through an $800 million ASR and a $200 million 10b5-1 trading plan.

What was the execution mechanism for TKO's completed repurchases?

TKO completed an $800 million Accelerated Share Repurchase (ASR) agreement on June 30, 2026, and a Rule 10b5-1 trading plan authorized May 11, 2026, for up to $200 million. The ASR repurchased 4,167,298 shares, while the 10b5-1 plan repurchased 1,022,434 shares total (648,919 in Q2 and 373,515 in early July), with the plan completing on July 21, 2026.

What average price did TKO pay per share in its repurchase programs?

Based on the $1 billion deployed and 5,189,732 total shares repurchased (4,167,298 via ASR plus 1,022,434 via 10b5-1), the blended average price paid approximates $193.62 per share.

How does this buyback fit into TKO's broader capital return program?

Year-to-date, TKO returned in excess of $1.3 billion to equity holders through share repurchases and dividend payments. In Q2 alone, the company paid a quarterly cash dividend of approximately $150 million ($0.79 per share), demonstrating balanced capital allocation between buybacks and dividends.

Does TKO's existing authorization expire, and how flexible is the program?

The $3 billion authorization has no expiration date and may be modified, suspended, or discontinued at any time at the company's discretion. TKO stated it will determine timing and amounts of future repurchases based on market conditions, share price, and other factors.

What share count reduction has TKO achieved year-to-date?

Through the $1 billion in completed repurchases, TKO reduced its share count by approximately 5.2 million shares, or roughly 6.7% of the weighted average diluted share count of 75.9 million shares used for Q2 2026 earnings calculations.

TKO 8-K Filed 2026-08-03 Execution disclosure

TKO announces intent to resume $3B share repurchase program

Company completes $800M ASR and $200M 10b5-1 plan; over $1B remains available under existing authorization

Shares repurchased5.2M

Avg price paid$193.62

Remaining$1.0B

MechanismAccelerated Share Repurchase a

What the filing says

TKO Group Holdings, Inc. announced on August 3, 2026, its intent to resume additional share repurchases under its existing $3 billion authorization. The company has completed two previously disclosed repurchase programs totaling approximately $1 billion deployed year-to-date, leaving slightly over $1 billion remaining available for future purchases as of August 3, 2026.

In the completed programs, TKO executed an $800 million Accelerated Share Repurchase (ASR) agreement on June 30, 2026, repurchasing 4,167,298 shares. Additionally, the company completed a Rule 10b5-1 trading plan authorized on May 11, 2026, for up to $200 million. During Q2 2026, TKO repurchased 648,919 shares for approximately $129.3 million under this plan, and from July 1-21, 2026, repurchased an additional 373,515 shares for approximately $70.7 million, completing the plan.

Year-to-date, TKO returned in excess of $1.3 billion to equity holders through share repurchases and dividend payments. The company stated it will determine the timing and amount of any future repurchases at its discretion based on market conditions, share price, and other factors. The existing $3 billion authorization has no expiration date and may be modified, suspended, or discontinued at any time.

The Company announced that it intends to commence additional repurchases of its outstanding Class A common stock under its existing share repurchase program. As previously disclosed, the Company's board of directors has authorized the repurchase of up to $3 billion of outstanding Class A common stock. — TKO Group Holdings, Inc. 8-K filing · View on SEC EDGAR →

What this means

TKO has deployed roughly two-thirds of its $3 billion buyback authorization through an ASR and a 10b5-1 plan, retaining flexibility to execute additional open-market purchases. The average price paid across the completed programs approximates $193.62 per share. With over $1 billion in authorization remaining, the company signals confidence in its valuation while managing capital allocation alongside debt service (gross debt of $4.659 billion as of June 30, 2026) and dividend payments. The lack of expiration on the authorization provides ongoing optionality independent of near-term equity market conditions.

Frequently asked questions

What is TKO's total share repurchase authorization, and how much remains available?: TKO's board authorized a $3 billion share repurchase program with no expiration date. As of August 3, 2026, slightly over $1 billion remained available for future repurchases after deploying approximately $2 billion year-to-date through an $800 million ASR and a $200 million 10b5-1 trading plan.
What was the execution mechanism for TKO's completed repurchases?: TKO completed an $800 million Accelerated Share Repurchase (ASR) agreement on June 30, 2026, and a Rule 10b5-1 trading plan authorized May 11, 2026, for up to $200 million. The ASR repurchased 4,167,298 shares, while the 10b5-1 plan repurchased 1,022,434 shares total (648,919 in Q2 and 373,515 in early July), with the plan completing on July 21, 2026.
What average price did TKO pay per share in its repurchase programs?: Based on the $1 billion deployed and 5,189,732 total shares repurchased (4,167,298 via ASR plus 1,022,434 via 10b5-1), the blended average price paid approximates $193.62 per share.
How does this buyback fit into TKO's broader capital return program?: Year-to-date, TKO returned in excess of $1.3 billion to equity holders through share repurchases and dividend payments. In Q2 alone, the company paid a quarterly cash dividend of approximately $150 million ($0.79 per share), demonstrating balanced capital allocation between buybacks and dividends.
Does TKO's existing authorization expire, and how flexible is the program?: The $3 billion authorization has no expiration date and may be modified, suspended, or discontinued at any time at the company's discretion. TKO stated it will determine timing and amounts of future repurchases based on market conditions, share price, and other factors.
What share count reduction has TKO achieved year-to-date?: Through the $1 billion in completed repurchases, TKO reduced its share count by approximately 5.2 million shares, or roughly 6.7% of the weighted average diluted share count of 75.9 million shares used for Q2 2026 earnings calculations.

authorization execution asr rule-10b5-1 mega-cap capital-return

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.