Robinhood approves $150 billion share repurchase program

Source

YM Lee

Summary

Robinhood said its board of directors approved a $150 billion share repurchase program.
It added that the buyback will be executed over roughly the next three years, in addition to previously approved repurchases of $100 billion in May 2024 and $50 billion in April 2025.
Robinhood shares fell about 5% on the day but are up more than 77% over the past year, and the company is also accelerating its digital asset business expansion.

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Robinhood has approved a $150 billion share buyback program.

According to The Block on the 24th (local time), Robinhood’s board of directors approved a new $150 billion share repurchase plan.

Robinhood previously approved share buybacks of $100 billion in May 2024 and $50 billion in April 2025, respectively, and this program is expected to be carried out over roughly the next three years.

"Robinhood is a company with significant long-term opportunities," said Shiv Verma, Robinhood’s chief financial officer (CFO). "This decision reflects the confidence of management and the board in our ability to continue delivering innovative products and creating shareholder value."

Robinhood shares fell about 5% on the day, but are up more than 77% over the past year.

The company is also accelerating the expansion of its digital asset business. Key initiatives include advancing 24-hour on-chain stock trading, offering tokenized products tied to large private companies for non-U.S. customers, and launching the testnet for the Arbitrum-based Ethereum Layer 2 'Robinhood Chain'.