Robinhood Markets (NASDAQ:HOOD) announced a $1.5 billion share buyback program Tuesday, sending the stock up 4% to $71.66 in premarket trading after closing down 4.70% at $69.08—a fresh multi-month low.
The Buyback Details
The buyback authorization has no expiration date and will execute over approximately three years.
The program comes after Robinhood shares dropped 39% since the start of 2026 following a year when the stock more than tripled.
“This authorization reflects the confidence of our management team and board in our ability to continue delivering innovative products for customers and creating value for shareholders while returning capital over time,” said CFO Shiv Verma.
Verma became CFO in February as Robinhood shares dropped amid a rout in cryptocurrency markets. The timing gives the Menlo Park, …