"The Robinhood Markets, Inc. Board of Directors authorizes a new $1.5 billion share repurchase program as of March 2026, following previous buyback authorizations from May 2024 and April 2025."
"The global brokerage firm plans to execute this $1.5 billion authorization over approximately the next three years depending on market conditions, reflecting strong financial health."
"This authorization reflects the confidence of our management team and board in our ability to continue delivering innovative products, stated Shiv Verma, Chief Financial Officer of Robinhood."
Robinhood Markets, Inc. has authorized a $1.5 billion share repurchase program, building on previous buybacks totaling over $1.1 billion. The company plans to execute this initiative over the next three years, contingent on market conditions. The firm has successfully repurchased over 25 million shares at an average price of $45 per share under earlier approvals. This decision reflects the management's confidence in the company's ability to deliver innovative products and maintain strong financial health.
Read at news.bitcoin.com
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