Robinhood announces $1.5B share repurchase program and upsizes credit facility to $3.25B

Robinhood Markets, Inc.

Board authorized new $1.5B share repurchase program, adding >$1.1B incremental capacity; management expects execution over ~3 years starting Q1 2026.
RHS subsidiary entered into $3.25B 364-day senior secured revolving credit facility (up from $2.65B), with potential increase to $4.875B.
Prior buyback program repurchased >25M shares at ~$45/share for total >$1.1B.
Borrowings under credit facility bear interest at SOFR + margin (1.25% for Tranche A, 2.50% for Tranche B/C).
Credit agreement includes minimum tangible net worth and excess net capital covenants; JPMorgan Chase is admin agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Robinhood Markets, Inc. amended Fifth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $3.25 billion (effective 2026-03-20).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: $3.25 billion
Effective: 2026-03-20

Exact text from the filing

Robinhood Securities, LLC (“RHS”), a subsidiary of Robinhood Markets, Inc. (the “Company” or “Robinhood”), entered into the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) among RHS, as borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, amending and restating the $2.65 billion 364-day senior secured revolving credit facility entered into in March 2025 (the “2025 RHS Credit Agreement”).

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Source: SEC EDGAR

accession 0001783879-26-000045

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