Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for February 2024:
  • Funded Customers at the end of February were 23.6 million, up approximately 130 thousand from January 2024.
  • Assets Under Custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024. Net Deposits were $3.6 billion in February, translating to a 42% annualized growth rate relative to January 2024 AUC. Over the last twelve months, Net Deposits were $21.6 billion, translating to an annual growth rate of 29% relative to February 2023 AUC.
  • Trading Volumes in February were higher across all asset classes relative to January 2024. Equity Notional Trading Volumes were $80.9 billion (up 36%). Options Contracts Traded were 119.1 million (up 12%). Crypto Notional Trading Volumes were $6.5 billion (up 10%).
  • Margin Balances at the end of February were $3.8 billion, up 6% from the end of January 2024.
  • Total Cash Sweep Balances at the end of February were $18.1 billion, up $1.3 billion or 8% from the end of January 2024.
  • Total Securities Lending Revenue in February was $13 million, up 8% from January 2024.
           
  February2024 January2024 M/MChange February2023 Y/YChange
(M - in millions, B - in billions)          
Funded Customer Growth (M)          
Funded Customers 23.6 23.5 - 23.1 2%
           
Assets Under Custody (AUC) ($B)          
Total AUC $118.7 $102.4 16% $74.7 59%
Net Deposits $3.6 $3.8 NM $1.5 NM
           
Trading          
Trading Days (Equities and Options) 20 21 (5%) 19 5%
Total Trading Volumes          
Equity ($B) $80.9 $59.3 36% $57.3 41%
Options Contracts (M) 119.1 106.2 12% 89.4 33%
Crypto ($B) $6.5 $5.9 10% $3.5 86%
           
Daily Average Revenue Trades (DARTs) (M)        
Equity 1.9 1.7 12% 1.6 19%
Options 0.8 0.7 14% 0.7 14%
Crypto 0.3 0.3 - 0.2 50%
           
Customer Margin and Cash Sweep Balances ($B)        
Margin Book $3.8 $3.6 6% $3.3 15%
Total Cash Sweep $18.1 $16.8 8% $8.0 126%
Gold Cash Sweep $17.4 $16.1 8% $7.0 149%
Non-Gold Cash Sweep $0.7 $0.7 - $1.0 (30%)
           
Total Securities Lending Revenue ($M) $13 $12 8% $17 (24%)
           

For definitions and additional information regarding these metrics, please refer to Robinhood’s full monthly metrics release, which is available on investors.robinhood.com.

The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Robinhood’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Robinhood’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release.

About Robinhood

Robinhood Markets, Inc. is on a mission to democratize finance for all. In the U.S., people can invest with no account minimums through Robinhood Financial LLC, a registered broker dealer (member SIPC), buy and sell crypto through Robinhood Crypto, LLC, spend and earn rewards through debit cards with Robinhood Money, LLC and credit cards with Robinhood Credit, Inc., trade U.S. stocks without commission or FX fees in the UK through Robinhood U.K. Ltd., trade crypto in select jurisdictions in the European Union through Robinhood Europe, UAB, and access easy-to-understand educational content through Robinhood Learn.

Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com) as means of disclosing information to the public for purposes of the SEC’s Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

"Robinhood" and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc.

Contacts

Investor Relations

ir@robinhood.com

Media

press@robinhood.com

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