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Robinhood approves $1.5B buyback as stock nears 55% drop since October high

For your consideration by For your consideration
March 24, 2026
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Robinhood approves $1.5B buyback as stock nears 55% drop since October high
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Robinhood has approved a new $1.5 billion share repurchase program, giving the company more than $1.1 billion of additional capacity as management signals confidence in its strategy and financial strength.

The company said it expects to execute the refreshed authorization over about three years, while keeping flexibility to move faster if market conditions allow.

The new plan builds on Robinhood’s earlier buyback efforts. The company first launched a $1 billion repurchase program in May 2024, then raised the total authorization by another $500 million in April 2025.

By February 2026, Robinhood had already spent about $910 million buying back roughly 22 million shares at an average price of $40.64, and its March 2026 investor presentation highlighted a $1.5 billion repurchase authorization as part of a broader capital allocation strategy.

The buyback arrives as crypto markets remain under pressure, a key driver of weakness for Robinhood given its reliance on digital asset trading. Bitcoin hit a record high near $126,000 in early October 2025 and was last trading near $70,000 today, reflecting a sharp decline as risk appetite unwound.

Robinhood stock has followed a similar path, hitting a record high near $154 in early October 2025 and last trading near $69 today, down about 55% from that peak.

The company reported fourth quarter 2025 crypto trading revenue of $221 million, missing analyst expectations, while its digital asset segment has faced sustained pressure since the October market downturn.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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Robinhood has approved a new $1.5 billion share repurchase program, giving the company more than $1.1 billion of additional capacity as management signals confidence in its strategy and financial strength.

The company said it expects to execute the refreshed authorization over about three years, while keeping flexibility to move faster if market conditions allow.

The new plan builds on Robinhood’s earlier buyback efforts. The company first launched a $1 billion repurchase program in May 2024, then raised the total authorization by another $500 million in April 2025.

By February 2026, Robinhood had already spent about $910 million buying back roughly 22 million shares at an average price of $40.64, and its March 2026 investor presentation highlighted a $1.5 billion repurchase authorization as part of a broader capital allocation strategy.

The buyback arrives as crypto markets remain under pressure, a key driver of weakness for Robinhood given its reliance on digital asset trading. Bitcoin hit a record high near $126,000 in early October 2025 and was last trading near $70,000 today, reflecting a sharp decline as risk appetite unwound.

Robinhood stock has followed a similar path, hitting a record high near $154 in early October 2025 and last trading near $69 today, down about 55% from that peak.

The company reported fourth quarter 2025 crypto trading revenue of $221 million, missing analyst expectations, while its digital asset segment has faced sustained pressure since the October market downturn.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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