Robinhood Markets, Inc.
Financial Performance
Robinhood Markets Revenue & Financials
Revenue
$4.5B (FY2025)
Market Cap
$101B
Net Income
$1.9B
Employees
2,900
What is Robinhood Markets's revenue?
Robinhood Markets had $4.5B in revenue for fiscal year 2025, up 51.6% from 2024. Net income was $1.9B.
- Latest revenue
- $4.5B (FY2025)
- Year-over-year
- +51.6%
- Growth rate (CAGR)
- 58.9% over 6 years
- Peak revenue
- $4.5B (FY2025)
- Years of data
- 7
- Employees
- 2,900
- How much profit does Robinhood Markets make?
- Robinhood Markets reported net income of $1.9B for fiscal year 2025. sec.gov
- How many employees does Robinhood Markets have?
- Robinhood Markets has about 2,900 employees.
Financial Analysis
Robinhood swung from a $541 million net loss in 2023 to $1.411 billion of net income in 2024 and $1.883 billion in 2025, as revenue grew from $1.865 billion to $4.473 billion. Adjusted EBITDA reached about $2.5 billion in 2025, a 56% margin. Growth in 2026 has shifted toward options, equities and event contracts: Q2 2026 event contracts revenue was $156 million, more than 10 times the prior year, while crypto revenue fell to $100 million. Robinhood Markets, Inc. is a highly disruptive American financial services company that pioneered zero-commission stock trading, sustaining a market valuation typically over $15 billion.
Revenue Trend Analysis
YoY Change
+51.6%
6-Year CAGR
+58.9%
Peak Year
2025
Trend
Consistent Growth
Robinhood Markets, Inc. has 7 full fiscal year figures on this page, compounding at +58.9% annually over 6 years. The most recent year saw a 51.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $4.5B. Of 6 comparable year-over-year steps, 5 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $4.5B | $1.9B | +51.6% | Robinhood Markets, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-20) Fiscal year ended 2025-12-31. |
| FY2024 | $3B | $1.4B | +58.2% | Robinhood Markets, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-20) Fiscal year ended 2024-12-31. |
| FY2023 | $1.9B | -$541M | +37.3% | Robinhood Markets, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-20) Fiscal year ended 2023-12-31. |
| FY2022 | $1.4B | -$1B | -25.2% | Robinhood Markets, Inc. annual report (Form 10-K, SEC EDGAR, filed 2025-02-18) Fiscal year ended 2022-12-31. |
| FY2021 | $1.8B | -$3.7B | +89.5% | Robinhood Markets, Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-02-27) Fiscal year ended 2021-12-31. |
| FY2020 | $958M | $7M | +245.2% | Robinhood Markets, Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-02-27) Fiscal year ended 2020-12-31. |
| FY2019 | $277.5M | -$106.6M | — | Robinhood Markets, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-02-24) Fiscal year ended 2019-12-31. |
Click any row to see year details.
Robinhood Markets, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $1.6B | $38.1B | $29B | — | Form 10-K |
| FY2024ended Dec 31, 2024 | -$157M | $26.2B | $18.2B | $8B | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.2B | $17.6B | $10.9B | $6.7B | Form 10-K |
| FY2022ended Dec 31, 2022 | -$852M | $23.3B | $16.4B | $7B | Form 10-K |
| FY2021ended Dec 31, 2021 | -$885M | $19.8B | $12.5B | $7.3B | Form 10-K |
| FY2020ended Dec 31, 2020 | $1.9B | $11B | $8.9B | -$55M | Form 10-K |
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Robinhood Markets Revenue and Financial FAQ
What was Robinhood's revenue performance in 2023 and 2024?
Robinhood generated $1.87 billion in total net revenues in 2023 (up 37% year-over-year) and accelerated past $2.2 billion annualized in 2024, powered by surging interest rates and rebounding equity and crypto trading.
When did Robinhood return to sustained GAAP net income profitability?
Robinhood achieved GAAP profitability in the second quarter of 2023 and maintained positive net income throughout 2024, generating hundreds of millions in annualized GAAP net profit following aggressive operating expense reductions.
What is the scale of Robinhood's Assets Under Custody (AUC)?
Robinhood's Assets Under Custody (AUC) surged past $130 billion to $150 billion in 2024, up dramatically from $62 billion in 2022, driven by massive net deposit inflows, stock market appreciation, and crypto asset growth.
What was the breakdown of Robinhood's revenue sources in 2023-2024?
Net interest revenues accounted for approximately 50% to 55% of total net revenues (~$930M+ annually), transaction-based revenues represented ~40% (~$780M+), and other revenues (primarily Robinhood Gold subscription fees) comprised the remaining 5% to 10%.
How many funded customer accounts and Robinhood Gold subscribers does Robinhood have?
Robinhood maintains over 24 million funded customer accounts, with Robinhood Gold subscribers crossing 2 million members in 2024, reflecting accelerating adoption of its high-yield cash sweep and credit card ecosystem.
How much cash and liquidity does Robinhood hold on its corporate balance sheet?
Robinhood holds over $4.5 billion to $5.0 billion in corporate cash and liquid investments on its balance sheet with zero funded debt maturities, providing fortress financial stability and flexibility for acquisitions and share buybacks.
Did Robinhood repurchase shares previously held by FTX/Emergent Fidelity Technologies?
Yes, in September 2023, Robinhood repurchased 55.3 million shares (worth approximately $606 million) that had been seized by the U.S. government from Sam Bankman-Fried's holding vehicle Emergent Fidelity Technologies, retiring the shares and eliminating equity overhang.
What share repurchase program has Robinhood authorized?
In May 2024, Robinhood's Board of Directors authorized a landmark $1 billion share repurchase program over a two-to-three-year period, reflecting strong ongoing free cash flow generation and confidence in company fundamentals.
What is Robinhood's operating margin and cost reduction profile?
After conducting company-wide layoffs in 2022 that reduced headcount by over 30%, Robinhood drastically reduced operating expenses, expanding adjusted EBITDA margins to over 40% to 45% in 2024.
How much net new asset deposits does Robinhood attract annually?
Robinhood attracts over $15 billion to $25 billion in annualized net deposit growth, representing an annualized organic growth rate of 15% to 20%+, outpacing legacy brokerages like Charles Schwab on a percentage growth basis.
What are Robinhood's clearing and regulatory capital requirements?
Through its self-clearing broker-dealer subsidiary Robinhood Securities LLC, Robinhood maintains hundreds of millions in excess regulatory net capital with the SEC and FINRA, far exceeding minimum statutory requirements.
How does Robinhood's valuation compare to traditional brokerage peers?
Trading between $15 billion and $25 billion in market capitalization in 2024, Robinhood trades at attractive price-to-earnings (P/E) and price-to-sales multiples relative to Charles Schwab, while offering significantly higher percentage deposit growth and retail crypto exposure.
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CorpDigest. "Robinhood Markets Revenue & Financials." CorpDigest, https://corpdigest.com/company/robinhood-markets/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Robinhood Markets reported $4.5B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/robinhood-markets/financials" target="_blank" rel="noopener">CorpDigest — Robinhood Markets financials</a></div>Related Financial Audits
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