Robinhood approves a $1.5 billion stock buyback plan

Robinhood announced a new stock repurchase plan, authorizing the company to buy back up to $1.5 billion of its stock. After more than doubling in price last year, Robinhood's stock has fallen 39% since the beginning of 2026.

Robinhood's Chief Financial Officer Shiv Verma stated that this authorization reflects the management team's and the board's confidence in the company's ability to continue providing innovative products for customers, creating value for shareholders, and gradually returning capital. Verma became CFO in February of this year, and the repurchase plan has no expiration date, with execution expected to take place over approximately three years.

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