Robinhood announces $1.5B share buyback as stock struggles in 2026

Shares in Robinhood fell to their lowest level this year on Tuesday as crypto and tech stocks are battered by geopolitical headwinds.

Stock and crypto trading platform Robinhood has approved to buy back $1.5 billion worth of its shares.

Robinhood said in a Securities and Exchange Commission filing on Tuesday that the company’s board of directors approved the $1.5 billion share repurchase program, which it will carry out over the next three years.

The program includes $1.1 billion in new incremental capacity, with the remainder rolled over from an older repurchase program.

“Robinhood is a generational company with a massive long-term opportunity,” Robinhood financial chief Shiv Verma 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.”

The s, typically seen as signaling that a company believes its stock is undervalued, comes as shares in Robinhood (HOOD) have struggled so far this year amid a broad downturn in stocks and crypto.

Robinhood also said that its subsidiary, Robinhood Securities, entered a $3.25 billion revolving credit facility with JPMorgan Chase, replacing the prior $2.65 billion facility. It can expand by up to $1.62 billion, bringing the maximum credit to $4.87 billion. 

Robinhood stock tanks nearly 5%

Shares in Robinhood ended trading on Tuesday, down 4.7% to $69.08, closing at the lowest level this year. The stock slightly recovered to $70.90 after hours.

Robinhood’s stock is down almost 39% so far this year and has lost 54.7% since its October all-time high of $152.46, as broader macroeconomic concerns and the Iran war impact stocks.