BroadChain has learned that on March 24, The Block reported Robinhood's Board of Directors has approved a new $1.5 billion share buyback program.
Robinhood's CFO, Shiv Verma, stated that this authorization demonstrates the confidence of both management and the Board in the company's ongoing ability to deliver innovative products for its customers and generate value for shareholders.
The company plans to execute this $1.5 billion repurchase over roughly three years, while retaining the flexibility to accelerate buybacks when market conditions are favorable. This follows previous board approvals for a $1 billion program in May 2024 and an additional $500 million program in April 2025.
In recent years, Robinhood has significantly expanded its crypto offerings. This includes introducing 24/7 on-chain stock trading, providing non-U.S. customers with tokenized exposure to major private companies, and launching the testnet for Robinhood Chain—a Layer 2 network built on Arbitrum and powered by Ethereum.