Robinhood Markets
Retail financial platform spanning brokerage, crypto, derivatives, banking, and wealth management.
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Profile
Provides retail brokerage, crypto trading, derivatives, banking, credit-card, subscription, and advisory services, with Bitstamp, WonderFi, and TradePMR extending the platform into institutional crypto and RIA custody. Revenue is driven mainly by routed-order and contract activity plus interest earned on margin loans, customer cash, and securities lending.
Offers retail brokerage across stocks, ETFs, options, futures, event contracts, and crypto through mobile apps and Robinhood Legend. Robinhood Gold adds margin, cash yields, a credit card, and banking services; Robinhood Strategies and TradePMR add managed portfolios and RIA custody. Bitstamp and WonderFi extend retail and institutional crypto exchange services across Europe, the UK, Asia, and Canada, though the business remains U.S.-centered.
Combines a vertically integrated, design-led trading experience with self-clearing and order-routing infrastructure, while broadening from first-time investors toward active traders and advisory clients. Revenue comes mainly from routed orders and contract commissions, plus interest on margin loans, customer cash, credit-card balances, and securities lending, with subscriptions contributing. Results depend on trading activity, customer deposits, interest rates, market-maker and bank relationships, and extensive brokerage, derivatives, crypto, banking, and advisory regulation.
Company facts
Categories
Key statistics
Year to date −9.5% · Average volume (30d) 18.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $110 | $115 |
| Jul 30, 2026 | Deutsche Bank | Reiterate | Buy | $113 | $114 |
| Jul 30, 2026 | Needham | Reiterate | Buy | $123 | $120 |
| Jul 30, 2026 | Loop Capital Markets | Target | $105 | $126 | |
| Jul 30, 2026 | Goldman Sachs | Reiterate | Buy | $121 | $118 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.44 | $0.62 | +40.9% | $1.29B | $1.31B | +1.7% | −3.61% |
| Apr 28, 2026Q1 FY26 | $0.39 | $0.38 | −1.4% | $1.14B | $1.07B | −6.4% | −13.24% |
| Feb 10, 2026Q4 FY25 | $0.63 | $0.66 | +4.6% | $1.35B | $1.28B | −5.3% | −8.91% |
| Nov 5, 2025Q3 FY25 | $0.54 | $0.61 | +13.4% | $1.21B | $1.27B | +5.1% | −10.81% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $927.0M | $989.0M | $1.27B | $1.28B | $1.07B | $535.0M | |
| Gross profit | $764.0M | $848.0M | $1.11B | $982.0M | $860.0M | $328.0M | |
| Operating income | $370.0M | $439.0M | $635.0M | $650.0M | $411.0M | −$411.0M | |
| Net income | $336.0M | $386.0M | $556.0M | $605.0M | $350.0M | $561.0M | |
| Diluted EPS | $0.37 | $0.42 | $0.61 | $0.66 | $0.38 | $0.62 | |
| Gross margin | 82.4% | 85.7% | 86.7% | 76.5% | 80.6% | 61.3% | |
| Operating margin | 39.9% | 44.4% | 49.8% | 50.7% | 38.5% | -76.8% |
Fiscal years (4-quarter sums)FY21 $1.81B · FY22 $1.36B · FY23 $1.87B · FY24 $2.95B · FY25 $4.47B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $5.89B · Total debt $27.69B · Total assets $56.55B · Shareholders' equity $9.48B
Dividends
No dividends on record.
Ownership
Shares outstanding 899.08M · Float 783.50M · 87.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 67.79M | 7.54% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 51.66M | 5.75% | 13F | Aug 13, 2026 |
| Vladimir Tenev · director, officer: Chief Executive Officer | 48.29M | 5.37% | Form 4 | Jul 8, 2026 |
| Baiju Bhatt · director | 46.85M | 5.21% | Form 4 | Aug 18, 2026 |
| Vanguard Portfolio Management LLC | 37.31M | 4.15% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Shiv Verma | officer: Chief Financial Officer | −3,982 | $95.07 |
| Aug 14, 2026 | Baiju Bhatt | director | −50,317 | $96.80 |
| Aug 3, 2026 | Daniel Martin Jr Gallagher | officer: Chief Legal Officer | −10,000 | $90.42 |
| Jul 24, 2026 | Baiju Bhatt | director | −49,223 | $95.09 |
| Jul 15, 2026 | Shiv Verma | officer: Chief Financial Officer | −3,982 | $114.71 |
Peers
- Coinbase
Crypto-native rival now attacking equities; retail crypto overlap is direct.
- Charles Schwab
Legacy brokerage giant contesting equities, spot crypto, and RIA custody.
- Interactive Brokers
Pro-trader rival in options, futures, margin, and international equities.
- SoFi
Fintech super-app with banking, commission-free investing, and credit products.
- eToro
Social trading rival with commission-free stocks, ETFs, and 100+ crypto tokens.
- Webull
Commission-free mobile rival with advanced charting for active retail traders.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Robinhood Markets | $104.06 | −0.14% | $93.74B | 45.9 | 44.4 | 22.5 | +32.3% |
| Coinbase | $178.50 | −0.02% | $47.13B | — | 206.3 | 8.5 | −18.5% |
| Charles Schwab | $110.05 | −0.09% | $191.58B | 20.0 | 15.2 | 6.4 | +20.9% |
| Interactive Brokers | $95.50 | −0.32% | $165.61B | 38.3 | 32.8 | 14.9 | +31.9% |
| SoFi | $18.08 | +0.22% | $23.17B | 37.6 | 24.5 | 4.1 | +41.0% |
| eToro | $31.02 | −0.03% | $2.61B | 11.5 | 12.3 | 0.3 | −89.0% |
| Webull | $9.39 | +0.16% | $4.98B | 114.3 | 33.0 | 7.3 | +51.2% |
| Median | 37.6 | 28.6 | 6.8 | +26.4% |