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Robinhood (HOOD) shares rose nearly 2% during Tuesday’s extended hours of trading after it announced a new share-buyback program under which the firm will repurchase as much as $1.5 billion of shares.
The program comes at a time when the stock is reeling from selling pressures and has been a laggard so far in 2026.
“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,” said Shiv Verma, Chief Financial Officer of Robinhood.
Management currently expects to execute the refreshed $1.5 billion authorization over approximately the next three years, with flexibility to accelerate if market conditions warrant.
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