Robinhood announces a $1.5 billion share buyback program as its stock falls 39%.

Robinhood Markets' board of directors approved a $1.5 billion share repurchase program on March 24, 2026. This decision adds more than $1.1 billion to the buyback plan in case the stock price declines significantly in 2026.

Previously, the company announced it would repurchase $1 billion worth of shares in May 2024, followed by an additional $500 million in April 2025. As of March 20, 2025, Robinhood had repurchased over 25 million Class A shares at an Medium price of approximately $45 per share.

According to the submitted Form 8-K, management plans to implement this program over approximately three years, starting in the first quarter of 2026. The program does not have an official expiration date.

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Robinhood's Chief Financial Officer, Shiv Verma, said the approval demonstrates confidence in the company's new products and its ability to create long-term value for shareholders, while continuing to return Capital to investors.

"Robinhood is a generational enterprise with enormous long-term potential," Verma emphasized .

The buyback program was implemented after Robinhood's stock price plummeted. The HOOD stock had peaked in October 2025 but has since fallen more than 50% from that peak.

In 2026 alone, the stock price fell by approximately 39%, with HOOD trading at $69 per share.

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