Robinhood Markets’ board has approved a $1.5 billion share repurchase program on March 24. This adds over $1.1 billion in new buyback capacity as share prices slump in 2026.
The firm had previously announced a $1 billion repurchase in May 2024, followed by an additional $500 million in April 2025. Robinhood has bought back over 25 million Class A shares at an average price of approximately $45 as of March 20, 2025.
According to the Form 8-K filing, the management expects to execute the plan over roughly 3 years, starting in Q1 2026. The program has no formal expiration date.
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Robinhood CFO Shiv Verma framed the authorization as a vote of confidence in the company’s product pipeline and its capacity to drive shareholder value while steadily returning capital.
“Robinhood is a generational company with a massive long-term opportunity,” Verma noted.
The buyback arrives after a steep reversal in Robinhood’s stock price. HOOD peaked at an all-time high in October 2025 and has since fallen by more than 50% from that level.
In 2026 alone, stock prices have declined by around 39%, with HOOD trading at $69.
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