Amadeus IT Group clears fresh buyback tranche, shares steady in IBEX 35 trade

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 10:05.

Amadeus IT Group, S.A. (ES0109067019) has stepped up its capital returns in June with a new tranche under its share buyback program. The Madrid-listed IBEX 35 constituent currently trades a little above 52 euros on Bolsas y Mercados Españoles, according to recent quote data from MarketScreener.

What the latest filings show

The Spanish regulator CNMV published an Amadeus IT Group filing on June 4 detailing the start of a second tranche of its share buyback program. The same CNMV channel later carried a notice on June 19 confirming recurring transactions with treasury shares executed under this program.

According to the June 4 disclosure, Amadeus intends to continue repurchasing shares in the market as part of its capital allocation strategy, with operations executed on the Spanish exchanges and reported as treasury transactions. The June 19 update lists actual volumes bought back, underlining that the program is active rather than merely authorized.

Analyst views and sector backdrop

The buyback activity comes against a backdrop of cautious but constructive analyst commentary. Bernstein reiterated its Outperform rating on Amadeus IT Group in May, arguing that tech upselling supports revenue and helped the company beat expectations in the first quarter, according to a MarketScreener summary of the note.

In a separate June 22 item, Bernstein flagged that the conflict in the Middle East is creating a temporary headwind for Amadeus’s second-quarter booking volumes but did not change its longer-term positive stance, again summarized by MarketScreener. The combination of ongoing buybacks and an Outperform stance from a major research house offers a clear signal that management and some analysts see value in the shares, even with regional travel disruptions.

The business model behind the shares

Amadeus IT Group generates most of its revenue by providing technology platforms to airlines, travel agencies and hospitality operators. Its global distribution system and passenger service systems process airline bookings and reservations, while its IT solutions help customers manage schedules, revenue, and traveler data across multiple channels, according to company materials and industry coverage.

Where the shares trade today

The Amadeus IT Group shares (ES0109067019) most actively trade on the Bolsa de Madrid. Recent data from MarketScreener show the stock at around 52.16 euros on June 25, with daily volume of roughly 1.5 million shares on the Spanish exchange.

Disclaimer: This article is for informational purposes only and does not contain investment advice, buy or sell recommendations, or price targets. All data are based on sources indicated and may change over time. Investors should conduct their own research or consult a professional advisor before making investment decisions.