Wix.com Ltd. saw its stock climb 9% Wednesday morning after the company said its Board of Directors had authorized a $2 billion repurchase program. The plan covers a two-year period corresponding to fiscal years 2026 and 2027.
The board’s authorization allows Wix to buy back ordinary shares and to purchase convertible notes. Repurchases may be executed through a variety of mechanisms, including open market transactions and privately negotiated deals, providing the company flexibility in how it returns capital to shareholders.
Wix said it expects to finance the repurchases with existing cash reserves as well as cash generated from future operations. The company also left open the possibility of raising additional capital to support the program, though it did not commit to any specific funding mix.
Non-binding nature and regulatory timing
The company emphasized that the repurchase program does not obligate it to acquire any particular amount of securities. Management may suspend or discontinue purchases at any time. In line with Israeli legal requirements, the program will begin only after a 30-day period is provided for creditors to object to the distribution.
The timing and scale of any repurchases will depend on multiple factors the company identified, including prevailing market conditions, Wix’s future financial results, and whether creditors raise objections during the prescribed period. The board framed the sizable authorization as an expression of confidence in Wix’s ongoing ability to produce strong cash flow.
The company positions the buyback as a substantial move to return capital to its shareholders. As a web development platform provider, Wix’s announcement touches on corporate capital allocation priorities and could influence investor perceptions of shareholder returns and balance-sheet flexibility.
Summary
Wix’s board approved a $2 billion, two-year share repurchase program covering fiscal years 2026-2027. The program allows purchases of ordinary shares and convertible notes via open market and private transactions and will be funded by cash on hand, future operating cash flow, or potentially new capital. The plan is non-binding, may be suspended, and starts after a 30-day creditor objection period under Israeli law. Timing and volume will vary with market conditions, financial results, and creditor responses.