What was the size and timing of Robinhood's Q2 2026 share repurchase?

Robinhood repurchased 4.4 million shares for $414 million in Q2 2026, at an average price of $94 per share. Of this total, $290 million was repurchased in connection with the company's June 2026 convertible senior notes offering and was executed outside of Robinhood's existing share repurchase authorization.

How does the Q2 repurchase price compare to Robinhood's historical buyback average?

The Q2 average repurchase price of $94 per share is significantly higher than the cumulative program average of $47 per share since the program began in Q3 2024. This 100% increase reflects the substantial appreciation in Robinhood's stock price over the 21-month period and the improving financial performance of the company.

What is the total repurchase activity under Robinhood's buyback program to date?

Since initiating the share repurchase program in Q3 2024, Robinhood has repurchased a cumulative total of 27 million shares for $1.3 billion at an average price of approximately $47 per share. The Q2 2026 repurchases represent the latest tranche of ongoing buyback activity.

Is there a new or expanded buyback authorization disclosed in this filing?

This 8-K does not disclose a new or expanded standing share repurchase authorization. The $290 million repurchase tied to the convertible notes offering was explicitly executed outside of the company's existing authorization. The filing provides only execution details, not authorization details.

What execution mechanism does Robinhood use for its buybacks?

The filing does not explicitly specify the execution mechanism (such as Rule 10b-18 open-market purchases, Accelerated Share Repurchases, or 10b5-1 plans). The Q2 repurchases appear to have been executed in part through open-market purchases and in part opportunistically in connection with the convertible notes offering.

How do the repurchases affect Robinhood's share count and EPS?

The 27 million cumulative shares repurchased since Q3 2024 represent approximately 3% of the current share base of approximately 899 million weighted-average shares. This modest reduction supports EPS growth by reducing the denominator, though Robinhood's strong operational performance (48% YoY EPS growth in Q2) is the primary driver of earnings-per-share gains.

HOOD 8-K Filed 2026-07-29 Execution disclosure

Robinhood repurchased 4.4M shares at $94 average in Q2 2026

$414M total repurchases include $290M tied to convertible notes offering; cumulative buybacks reach $1.3B since Q3 2024

Shares repurchased4.4M

Avg price paid$94.00

MechanismOpen-market purchases (includi

What the filing says

Robinhood Markets, Inc. repurchased 4.4 million shares of Class A common stock for $414 million during the second quarter of 2026, at an average price per share of approximately $94. The repurchases included $290 million executed in connection with Robinhood's June 2026 convertible senior notes offering and completed outside of the company's existing share repurchase authorization.

Since initiating its share repurchase program in Q3 2024, Robinhood has repurchased a cumulative total of 27 million shares for $1.3 billion at an average price per share of approximately $47. The execution mechanism for the repurchases was not explicitly specified in the filing; the Q2 activity reflects opportunistic repurchases executed during the convertible offering period.

The second-quarter repurchases were made as Robinhood reported strong financial results, including 32% year-over-year revenue growth to $1.31 billion and diluted earnings per share of $0.62, up 48% year-over-year. The company ended Q2 with cash and cash equivalents of $5.4 billion, including net proceeds from the convertible notes offering.

Share repurchases were $414 million, representing 4.4 million shares of our Class A common stock at an average price per share of approximately $94. This includes $290 million repurchased in connection with our June 2026 convertible notes offering and outside of our existing share repurchase authorization. — Robinhood Markets, Inc. 8-K filing · View on SEC EDGAR →

What this means

Robinhood's Q2 2026 repurchases totaled $414 million, with $290 million tied to the convertible notes offering and executed outside any standing authorization. The average purchase price of $94 per share compares favorably to the cumulative program average of $47 since inception in Q3 2024, reflecting equity market appreciation over the 21-month period. Over that span, the 27 million shares repurchased represent approximately 3% of the current share base (899 million weighted-average shares in Q2 2026), a modest but measurable reduction. The filing does not disclose a new or expanded standing buyback authorization in this 8-K, only the execution details and the $290 million convertible-linked repurchases.

Frequently asked questions

What was the size and timing of Robinhood's Q2 2026 share repurchase?: Robinhood repurchased 4.4 million shares for $414 million in Q2 2026, at an average price of $94 per share. Of this total, $290 million was repurchased in connection with the company's June 2026 convertible senior notes offering and was executed outside of Robinhood's existing share repurchase authorization.
How does the Q2 repurchase price compare to Robinhood's historical buyback average?: The Q2 average repurchase price of $94 per share is significantly higher than the cumulative program average of $47 per share since the program began in Q3 2024. This 100% increase reflects the substantial appreciation in Robinhood's stock price over the 21-month period and the improving financial performance of the company.
What is the total repurchase activity under Robinhood's buyback program to date?: Since initiating the share repurchase program in Q3 2024, Robinhood has repurchased a cumulative total of 27 million shares for $1.3 billion at an average price of approximately $47 per share. The Q2 2026 repurchases represent the latest tranche of ongoing buyback activity.
Is there a new or expanded buyback authorization disclosed in this filing?: This 8-K does not disclose a new or expanded standing share repurchase authorization. The $290 million repurchase tied to the convertible notes offering was explicitly executed outside of the company's existing authorization. The filing provides only execution details, not authorization details.
What execution mechanism does Robinhood use for its buybacks?: The filing does not explicitly specify the execution mechanism (such as Rule 10b-18 open-market purchases, Accelerated Share Repurchases, or 10b5-1 plans). The Q2 repurchases appear to have been executed in part through open-market purchases and in part opportunistically in connection with the convertible notes offering.
How do the repurchases affect Robinhood's share count and EPS?: The 27 million cumulative shares repurchased since Q3 2024 represent approximately 3% of the current share base of approximately 899 million weighted-average shares. This modest reduction supports EPS growth by reducing the denominator, though Robinhood's strong operational performance (48% YoY EPS growth in Q2) is the primary driver of earnings-per-share gains.

execution fintech rule-10b-18 convertible-linked-repurchase q2-2026 mega-cap

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.