Robinhood Markets (HOOD) Research

Forward Estimates

EPS Estimates

Current Qtr

$0.40

$0.32$0.51

vs $0.42-4.5%

16 analysts

Next Qtr

$0.45

$0.32$0.59

vs $0.61-25.6%

16 analysts

Current Yr

$1.85

$1.54$2.65

vs $2.05-9.6%

21 analysts

Next Yr

$2.48

$1.20$3.70

vs $1.85+34.0%

22 analysts

Revenue Estimates

Current Qtr

$1.18B

$1.10B$1.31B

vs $989.00M+19.5%

14 analysts

Next Qtr

$1.28B

$1.19B$1.43B

vs $1.27B+0.5%

14 analysts

Current Yr

$4.99B

$4.62B$5.87B

vs $4.47B+11.5%

22 analysts

Next Yr

$6.06B

$4.15B$7.55B

vs $4.99B+21.4%

23 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for HOOD on EDGAR.

HOOD filing events and research context
Filed	Item	Context
Apr 29, 2026	mda_quarterly	For the quarter ended March 31, 2026, Robinhood reported total net revenues of $1.067 billion, a 15% increase year-over-year, with net income attributable to the company rising 4% to $350 million. Total platform assets grew 39% to $307.3 billion, primarily driven by a 65% surge in equity assets to $207.5 billion. User growth remained steady with funded customers reaching 27.4 million, while Robinhood Gold subscribers increased 36% to 4.34 million, contributing to an 8% rise in ARPU to $157. Transaction-based revenues grew 7%, bolstered by the acceleration of prediction markets via event contracts and higher equity trading volume, though offset by a decline in cryptocurrency revenues due to lower rebate rates. Net interest revenues increased 24% to $359 million, fueled by margin interest and the expansion of the credit card business. However, management noted that potential Federal Reserve rate cuts pose a risk to future net interest income. Operating expenses rose 18% to $656 million, impacted by higher stock-based compensation from a CFO transition and increased credit card loss provisions. Notably, Robinhood was appointed as the broker and sole initial trustee for the U.S. Treasury's Trump Accounts.
Feb 18, 2026	business	Robinhood operates a vertically integrated financial services platform providing commission-free trading in U.S.-listed stocks, ETFs, and options. The company has expanded its brokerage suite to include futures, short selling, 24-hour markets, and event contracts via its Prediction Markets Hub. Its cryptocurrency ecosystem comprises trading, staking, perpetual futures, and a non-custodial Web3 wallet, bolstered by the acquisition of Bitstamp. Robinhood leverages a subscription model, Robinhood Gold, to offer premium features, a credit card, and banking services through Coastal Bank. Wealth management capabilities are delivered via Robinhood Strategies and the acquisition of TradePMR, while Robinhood Cortex integrates generative AI for market analysis. Globally, the company is expanding beyond the U.S. into the U.K., EU, Canada, and Indonesia. Key operational advantages include a proprietary self-clearing system and order routing infrastructure that reduce reliance on third-party firms. However, the business faces significant regulatory oversight from the SEC, FINRA, and CFTC, alongside evolving compliance requirements under the EU's MiCA and AI Act. Financial performance remains sensitive to market volatility, seasonal trading fluctuations, and the ability to maintain stringent net capital requirements across its regulated entities.
Feb 18, 2026	mda	Robinhood’s total net revenues grew to $4.47 billion in 2025, driven by strong transaction-based revenues from options, cryptocurrencies, and equities, alongside net interest income from margin loans, Cash Sweep, and securities lending. The company is diversifying its ecosystem through Robinhood Gold subscriptions and the launch of a credit card program. Strategic expansion is highlighted by the 2025 acquisitions of TradePMR to enter the RIA custodial market and Bitstamp to accelerate growth in the EU, UK, and Asia, with a pending acquisition of WonderFi. Financial risks include significant revenue concentration, with Citadel Securities accounting for 13% of total net revenues in 2025. The company faces ongoing legal and regulatory headwinds, specifically class-action litigation regarding payment for order flow (PFOF), best execution, and the legality of sports-related event contracts. Operating expenses have trended upward, with marketing costs increasing to $274 million in 2025. To manage shareholder value, the company authorized a $1.5 billion share repurchase program, spending $653 million in 2025. These initiatives reflect a transition toward a broader financial services platform while navigating a complex regulatory environment and high counterparty dependence.

Filed

Item

Context

Apr 29, 2026

mda_quarterly

For the quarter ended March 31, 2026, Robinhood reported total net revenues of $1.067 billion, a 15% increase year-over-year, with net income attributable to the company rising 4% to $350 million. Total platform assets grew 39% to $307.3 billion, primarily driven by a 65% surge in equity assets to $207.5 billion. User growth remained steady with funded customers reaching 27.4 million, while Robinhood Gold subscribers increased 36% to 4.34 million, contributing to an 8% rise in ARPU to $157. Transaction-based revenues grew 7%, bolstered by the acceleration of prediction markets via event contracts and higher equity trading volume, though offset by a decline in cryptocurrency revenues due to lower rebate rates. Net interest revenues increased 24% to $359 million, fueled by margin interest and the expansion of the credit card business. However, management noted that potential Federal Reserve rate cuts pose a risk to future net interest income. Operating expenses rose 18% to $656 million, impacted by higher stock-based compensation from a CFO transition and increased credit card loss provisions. Notably, Robinhood was appointed as the broker and sole initial trustee for the U.S. Treasury's Trump Accounts.

Feb 18, 2026

business

Robinhood operates a vertically integrated financial services platform providing commission-free trading in U.S.-listed stocks, ETFs, and options. The company has expanded its brokerage suite to include futures, short selling, 24-hour markets, and event contracts via its Prediction Markets Hub. Its cryptocurrency ecosystem comprises trading, staking, perpetual futures, and a non-custodial Web3 wallet, bolstered by the acquisition of Bitstamp. Robinhood leverages a subscription model, Robinhood Gold, to offer premium features, a credit card, and banking services through Coastal Bank. Wealth management capabilities are delivered via Robinhood Strategies and the acquisition of TradePMR, while Robinhood Cortex integrates generative AI for market analysis. Globally, the company is expanding beyond the U.S. into the U.K., EU, Canada, and Indonesia. Key operational advantages include a proprietary self-clearing system and order routing infrastructure that reduce reliance on third-party firms. However, the business faces significant regulatory oversight from the SEC, FINRA, and CFTC, alongside evolving compliance requirements under the EU's MiCA and AI Act. Financial performance remains sensitive to market volatility, seasonal trading fluctuations, and the ability to maintain stringent net capital requirements across its regulated entities.

Feb 18, 2026

mda

Robinhood’s total net revenues grew to $4.47 billion in 2025, driven by strong transaction-based revenues from options, cryptocurrencies, and equities, alongside net interest income from margin loans, Cash Sweep, and securities lending. The company is diversifying its ecosystem through Robinhood Gold subscriptions and the launch of a credit card program. Strategic expansion is highlighted by the 2025 acquisitions of TradePMR to enter the RIA custodial market and Bitstamp to accelerate growth in the EU, UK, and Asia, with a pending acquisition of WonderFi. Financial risks include significant revenue concentration, with Citadel Securities accounting for 13% of total net revenues in 2025. The company faces ongoing legal and regulatory headwinds, specifically class-action litigation regarding payment for order flow (PFOF), best execution, and the legality of sports-related event contracts. Operating expenses have trended upward, with marketing costs increasing to $274 million in 2025. To manage shareholder value, the company authorized a $1.5 billion share repurchase program, spending $653 million in 2025. These initiatives reflect a transition toward a broader financial services platform while navigating a complex regulatory environment and high counterparty dependence.

Forward Estimates

HOOD filing events and research context

Keep researching HOOD

Related tickers

Related explainers

Forward Estimates