Robinhood has approved a $1.5 billion share buyback program, according to a filing with the U.S. Securities and Exchange Commission. The plan will run over the next three years, combining new capacity and funds rolled over from an earlier repurchase plan.
The move comes as Robinhood shares ($HOOD) remain under pressure. The stock closed Tuesday at $69.08, down 4.7% for the day, and is down nearly 39% for 2026 overall, trading far below its October peak of $152.46. After hours, the stock recovered slightly to $70.90.
Shiv Verma said the buyback is part of a long-term strategy, not a short-term market play. “Robinhood is a generational company with a massive long-term opportunity,” he said, emphasizing that the program reflects confidence in the company’s ability to deliver new products while returning value to shareholders over time.
Alongside the buyback, Robinhood has upgraded its financing capacity. Its unit, Robinhood Securities, entered a new $3.25 billion revolving credit facility with JPMorgan Chase, replacing a $2.65 billion line. The facility can expand by another $1.62 billion, giving a potential total of $4.87 billion to support operations and growth.
Despite challenges in its share price, Robinhood continues expanding its business. In February, it launched the testnet for its Ethereum layer-2 network, which processed 4 million transactions in its first week. The company plans to launch the mainnet later this year to support tokenized equities, ETFs, and other financial products. Robinhood Ventures has also invested about $35 million across companies like Stripe and ElevenLabs.
Overall, the share buyback and expanded credit facility signal Robinhood’s strategy to strengthen its financial position, continue innovating in trading and crypto, and deliver value to shareholders over the long term.
