Robinhood authorizes $1.5 billion buyback as shares rise nearly 80% in past year
Robinhood's board approved a $1.5 billion share repurchase program, reflecting confidence in the company's growth and value.Summary
Robinhood's board of directors authorized a $1.5 billion share repurchase program on Tuesday, signaling confidence in the company's future. CFO Shiv Verma stated the move reflects the company’s ability to innovate and deliver value to shareholders. Despite a 5% dip on Tuesday, Robinhood’s shares have risen over 77% in the past year. The company is increasingly focused on crypto, including exploring 24/7 onchain equities trading and launching the testnet for Robinhood Chain, an Ethereum Layer 2 built on Arbitrum. This is not the first buyback program; previous authorizations included $1 billion in May 2024 and an additional $500 million in April 2025. Management plans to execute the $1.5 billion authorization over the next three years, with potential for acceleration based on market conditions.
(Source：The Block)