Robinhood Approves $1.5 Billion Share Buyback

Robinhood Markets Inc. announced on March 24, 2026, that its board of directors has approved a $1.5 billion share repurchase program, providing the company with additional capacity to buy back its stock amid a significant decline in its share price over recent months.

The new authorization adds more than $1.1 billion to Robinhood's existing buyback efforts, bringing total capacity to around $1.5 billion as outlined in the company's investor materials. Officials stated the program is expected to unfold over approximately three years, starting in the first quarter of 2026, though the pace could accelerate based on market conditions. This follows prior initiatives, including a $1 billion program launched in May 2024 and an additional $500 million added in April 2025. By February 2026, Robinhood had already repurchased about 22 million shares for $910 million at an average price of $40.64.

The move comes as Robinhood's stock has fallen sharply, trading at $69.08 on Tuesday after a 4.7 percent drop from the previous close of $72.49. Shares reached a record high near $154 in early October 2025 but have since declined about 55 percent, with a 39 percent year-to-date loss in 2026. The...