Demonstrating continued confidence in the company’s strategy and financial strength, the Robinhood Markets, Inc. Board of Directors has approved a new $1.5 billion share repurchase program, adding more than $1.1 billion of incremental capacity to the company’s remaining previous authorization.

“Robinhood is a generational company with a massive long-term opportunity,” said Shiv Verma, Chief Financial Officer of Robinhood. “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.”

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, we have 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.

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.