Stock and crypto trading platform Robinhood's board of directors approved a $1.5 billion share repurchase program on Tuesday.
“Robinhood is a generational company with a massive long-term opportunity,” Robinhood CFO Shiv Verma said in a statement. “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.”
Although the company's shares (NASDAQ: HOOD) were down about 5% on Tuesday, according to The Block's Data Dashboard, Robinhood's shares are up over 77% over the past year.
The company has been increasingly leaning into crypto in recent years. Besides pushing for 24/7 onchain equities trading, offering non-U.S. clients a form of tokenized exposure to large private companies, Robinhood also recentlylaunched the testnet for Robinhood Chain as an Ethereum Layer 2 built on Arbitrum.
Robinhood has previously approved other share repurchases.
In May 2024, the company's board approved a $1 billion share repurchase program, followed by an additional $500 million repurchase plan approved in April 2025.
"Management currently expects to execute the refreshed $1.5 billion authorization over approximately the next three years, with flexibility to accelerate if market conditions warrant," Robinhood said Tuesday.
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