Robinhood unveils $1.5B buyback as HOOD drops 39% YTD
Robinhood has approved a share repurchase program worth $1.5 billion, according to a filing with the U.S. Securities and Exchange Commission on Tuesday. The company said it plans to execute the buyback over the next three years.
- Robinhood approved a $1.5 billion share buyback program to run over the next three years.
- HOOD closed down 4.7% Tuesday and remains nearly 39% lower so far in 2026 overall.
- Robinhood replaced its prior credit line with a new $3.25 billion JPMorgan revolving facility Tuesday.
According to the filing, the total includes $1.1 billion in new capacity. Robinhood rolled over the rest from an older repurchase plan. The company said the move reflects its capital plans as it continues to build new products and return value to shareholders over time.
Robinhood Chief Financial Officer Shiv Verma addressed the decision in a company statement. He said,
“Robinhood is a generational company with a massive long-term opportunity.” Verma also said, “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.”
The company linked the program to its broader business strategy rather than to a short-term market move.
HOOD falls as broader markets remain under pressure
Robinhood shares closed Tuesday at $69.08, down 4.7% on the day. That marked the stock’s lowest closing price of the year. The shares later recovered slightly to $70.90 in after-hours trading.
The stock has fallen nearly 39% so far this year. It also stands 54.7% below its October peak of $152.46. The decline came during a weak period for both stocks and crypto, with broader macro concerns and the Iran war weighing on risk assets.
Credit facility expands while growth plans continue
Robinhood also said its unit, Robinhood Securities, entered a new $3.25 billion revolving credit facility with JPMorgan Chase. The new facility replaces a prior $2.65 billion line. It also includes an option to expand by up to $1.62 billion, which would bring the total capacity to $4.87 billion.
Even with pressure on its share price, Robinhood continues to push into crypto, tokenization, and adjacent financial products. The company launched the testnet for its Ethereum layer-2 network in February. Chief Executive Officer Vlad Tenev said the network processed 4 million transactions in its first week of public testnet activity.
Robinhood plans to launch the mainnet later this year to support tokenized equities, ETFs, and other traditional financial assets. Robinhood Ventures Fund has also invested about $35 million across Stripe and ElevenLabs.
