- Robinhood previously announced a $1 billion share repurchase program in May 2024, with the Board authorizing an additional $500 million in April 2025.
- A bipartisan pair of U.S. senators reportedly targeted crypto firms like HOOD, COIN after they introduced legislation for prediction markets earlier this week.
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.
Robinhood previously announced a $1 billion share repurchase program in May 2024, with the Board authorizing an additional $500 million in April 2025. Through this program, as of March 20, 2025, HOOD has repurchased over 25 million shares of Robinhood Class A common stock at an average price of approximately $45 per share for a total of more than $1.1 billion.
Other News
A bipartisan pair of U.S. senators reportedly targeted crypto firms like HOOD, COIN after they introduced legislation for prediction markets on Monday.
A Wall Street Journal report said that the bill introduced will prohibit Commodity Futures Trading Commission (CFTC)-regulated entities like Kalshi and Polymarket from listing contracts tied to sporting events.
HOOD and COIN both have prediction markets on their platform and allow sports betting via Kalshi. The new legislation is expected to put a dent in these firms' plans of expanding their revenue streams beyond crypto and stock trading in the case of Robinhood.
Retail Reaction
Retail sentiment around HOOD trended in ‘neutral’ territory amid ‘high’ message volume.
Shares in the company have fallen nearly 41% so far this year.
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