Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading higher premarket on Wednesday after the company disclosed a share buyback authorization.

Stock Buyback

On Tuesday, the company’s board approved a new share repurchase program authorizing up to $1.5 billion in share buybacks.

This program replaces the previous authorization, incorporating any unused capacity and adding more than $1.1 billion in additional repurchase capacity.

While the program has no set expiration, management expects to execute it over roughly three years starting in the first quarter of 2026.

Also, Robinhood Markets disclosed that it had appointed Shiv Verma as Chief Financial Officer, effective Feb. 6, 2026.

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