Robinhood Announces $1.5 Billion Share Buyback Amid Stock Slide

Robinhood Markets has announced a new $1.5 billion stock repurchase plan as its shares trade near yearly lows. The move comes amid broader pressure on crypto and technology stocks from geopolitical and economic uncertainty.

The company's board approved the buyback, adding $1.1 billion in new capacity to its remaining authorization. The program, expected to run for approximately three years, extends an earlier $1.5 billion initiative begun in 2024. By March 2025, Robinhood had already repurchased 25 million shares for over $1.1 billion.

Robinhood shares closed down 4.7% at $69.08 on Tuesday, having fallen nearly 40% year-to-date and more than half from an October peak above $150. In after-hours trading, the stock recovered slightly, trading around $73 at the time of reporting.

In a separate development, Robinhood Securities secured a $3.25 billion revolving credit facility with JPMorgan Chase, which can be expanded to $4.87 billion, replacing a previous smaller facility.

The buyback coincides with Robinhood's strategic push into new business areas. The broker is testing a social trading product in the U.S., aiming to allow in-app portfolio sharing without inviting regulatory scrutiny. It is also investing heavily in prediction markets, a fast-growing segment, and building its own futures and derivatives exchange to reduce reliance on partner Kalshi.

Furthermore, Robinhood is advancing a tokenization strategy through a three-phase plan with blockchain partners. This initiative could enable users to hold tokenized equities, withdraw them off-platform, and use them as collateral for crypto loans, positioning the company at the nexus of traditional and on-chain retail finance.