NASDAQ : HOOD
Robinhood Markets, Inc. — Financial statements
Financials · Capital Markets · United States
Last price 84.99 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 76.53B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Robinhood Markets, Inc. (HOOD) reported revenue of 5.08B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 1.61B | 1.55B | 1.13B | 952.00M | 448.00M | 276.00M |
| Total Interest Expense | 36.00M | 32.00M | 24.00M | 23.00M | 24.00M | 20.00M |
| Net Interest Income | 1.57B | 1.51B | 1.11B | 929.00M | 424.00M | 256.00M |
| Brokerage Commission | 3.04B | 2.63B | 1.65B | 785.00M | 814.00M | 1.40B |
| Other Revenue | 466.00M | 331.00M | 195.00M | 151.00M | 120.00M | 157.00M |
| Revenue | 5.08B | 4.47B | 2.95B | 1.86B | 1.36B | 1.81B |
| Salaries & Employee Benefits | 337.00M | 289.00M | 288.00M | 856.00M | 713.00M | 1.54B |
| Cost of Services Provided | 2.23B | 1.98B | 1.53B | 1.50B | 1.59B | 1.91B |
| Total Operating Expenses | 2.76B | 2.38B | 1.90B | 2.40B | 2.34B | 3.46B |
| Operating Income | 2.32B | 2.09B | 1.05B | -536.00M | -981.00M | -1.64B |
| Other Non-Operating Income (Expenses) | -43.00M | 14.00M | 10.00M | 3.00M | -16.00M | -2.04B |
| EBT Excluding Unusual Items | 2.28B | 2.11B | 1.06B | -533.00M | -997.00M | -3.69B |
| Merger & Restructuring Charges | 27.00M | |||||
| Other Unusual Items | -57.00M | |||||
| Pretax Income | 2.41B | 2.11B | 1.06B | -533.00M | -1.03B | -3.69B |
| Income Tax Expense | 406.00M | 225.00M | -347.00M | 8.00M | 1.00M | 2.00M |
| Net Income | 1.98B | 1.88B | 1.41B | -541.00M | -1.03B | -3.69B |
| Net Income to Common | 1.98B | 1.88B | 1.41B | -541.00M | -1.03B | -3.69B |
| Shares Outstanding (Basic) | 899.00M | 888.50M | 881.11M | 890.86M | 878.63M | 492.38M |
| Shares Outstanding (Diluted) | 914.28M | 918.78M | 906.17M | 890.86M | 878.63M | 492.38M |
| EPS (Basic) | 2.21 | 2.12 | 1.60 | -0.61 | -1.17 | -7.49 |
| EPS (Diluted) | 2.17 | 2.05 | 1.56 | -0.61 | -1.17 | -7.49 |
| Free Cash Flow | 3.01B | 1.62B | -170.00M | 1.18B | -880.00M | -948.00M |
| Free Cash Flow Per Share | 3.29 | 1.77 | -0.19 | 1.32 | -1.00 | -1.93 |
| Operating Margin | 45.65% | 46.81% | 35.72% | -28.74% | -72.24% | -90.41% |
| Profit Margin | 39.04% | 42.10% | 47.81% | -29.01% | -75.70% | -203.14% |
| Free Cash Flow Margin | 59.29% | 36.28% | -5.76% | 63.22% | -64.80% | -52.23% |
| Effective Tax Rate | 16.87% | 10.67% | ||||
| Revenue as Reported | 5.08B | 4.47B | 2.95B | 1.86B | 1.36B | 1.81B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.83B | 4.26B | 4.33B | 4.83B | 6.34B | 6.25B |
| Short-Term Investments | 18.82B | 8.19B | 7.97B | 6.05B | 3.52B | 4.01B |
| Trading Asset Securities | 185.00M | 200.00M | ||||
| Accounts Receivable | 828.00M | 611.00M | 765.00M | 176.00M | 76.00M | 88.00M |
| Other Receivables | 23.60B | 17.99B | 8.24B | 3.50B | 3.22B | 6.64B |
| Property, Plant & Equipment | 358.00M | 336.00M | 233.00M | 188.00M | 238.00M | 275.00M |
| Goodwill | 515.00M | 385.00M | 179.00M | 175.00M | 100.00M | 101.00M |
| Other Intangible Assets | 231.00M | 168.00M | 38.00M | 48.00M | 25.00M | 34.00M |
| Investments in Debt & Equity Securities | 5.12B | 4.01B | 2.93B | 2.08B | 1.01B | 1.86B |
| Restricted Cash | 28.00M | 66.00M | 18.00M | 46.00M | 1.00M | 1.00M |
| Other Current Assets | 1.87B | 1.21B | 846.00M | 475.00M | 8.76B | 435.00M |
| Other Long-Term Assets | 889.00M | 711.00M | 634.00M | 58.00M | 57.00M | 76.00M |
| Total Assets | 58.27B | 38.14B | 26.19B | 17.62B | 23.34B | 19.77B |
| Accounts Payable | 19.09B | 12.41B | 7.80B | 5.45B | 4.89B | 6.73B |
| Short-Term Debt | 19.48B | 12.23B | 7.59B | 3.55B | 1.83B | 3.65B |
| Current Portion of Leases | 22.00M | 22.00M | 21.00M | 20.00M | 21.00M | 22.00M |
| Other Current Liabilities | 6.39B | 4.07B | 2.67B | 1.82B | 9.51B | 1.94B |
| Long-Term Leases | 195.00M | 199.00M | 110.00M | 89.00M | 127.00M | 129.00M |
| Long-Term Unearned Revenue | 3.00M | 10.00M | ||||
| Other Long-Term Liabilities | 82.00M | 6.00M | 1.00M | 2.00M | 1.00M | |
| Total Liabilities | 48.19B | 28.99B | 18.21B | 10.93B | 16.38B | 12.48B |
| Additional Paid-In Capital | 10.78B | 11.28B | 12.01B | 12.14B | 11.86B | 11.17B |
| Retained Earnings | -773.00M | -2.15B | -4.04B | -5.45B | -4.91B | -3.88B |
| Comprehensive Income & Other | -9.00M | 8.00M | -1.00M | -3.00M | 1.00M | |
| Total Common Equity | 10.00B | 9.14B | 7.97B | 6.70B | 6.96B | 7.29B |
| Minority Interest | 77.00M | 11.00M | ||||
| Shareholders' Equity | 10.08B | 9.15B | 7.97B | 6.70B | 6.96B | 7.29B |
| Total Liabilities & Equity | 58.27B | 38.14B | 26.19B | 17.62B | 23.34B | 19.77B |
| Total Debt | 22.55B | 12.45B | 7.72B | 3.66B | 1.98B | 3.80B |
| Net Cash (Debt) | 2.28B | 197.00M | 4.58B | 7.23B | 7.88B | 6.46B |
| Net Cash Per Share | 2.49 | 0.21 | 5.06 | 8.11 | 8.97 | 13.11 |
| Filing Date Shares Outstanding | 900.49M | 900.31M | 885.46M | 874.55M | 896.05M | 867.99M |
| Total Common Shares Outstanding | 901.00M | 901.33M | 884.49M | 872.16M | 892.75M | 863.91M |
| Working Capital | 5.91B | 3.75B | 4.07B | 4.24B | 5.66B | 5.08B |
| Book Value Per Share | 11.10 | 10.14 | 9.01 | 7.68 | 7.79 | 8.44 |
| Tangible Book Value | 9.26B | 8.59B | 7.75B | 6.47B | 6.83B | 7.16B |
| Tangible Book Value Per Share | 10.27 | 9.53 | 8.77 | 7.42 | 7.65 | 8.29 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.98B | 1.88B | 1.41B | -541.00M | -1.03B | -3.69B |
| Depreciation & Amortization, Total | 46.00M | 37.00M | 34.00M | 30.00M | 26.00M | 19.00M |
| Stock-Based Compensation | 353.00M | 305.00M | 304.00M | 871.00M | 654.00M | 1.57B |
| Change in Accounts Receivable | -68.00M | 62.00M | -382.00M | -13.00M | 12.00M | 36.00M |
| Change in Accounts Payable | 104.00M | -18.00M | -35.00M | 134.00M | -62.00M | 134.00M |
| Change in Other Net Operating Assets | 164.00M | -978.00M | -1.24B | 608.00M | -605.00M | -1.09B |
| Other Operating Activities | 276.00M | 184.00M | -369.00M | 8.00M | 35.00M | 2.04B |
| Operating Cash Flow | 3.05B | 1.64B | -157.00M | 1.18B | -852.00M | -885.00M |
| Capital Expenditures | -33.00M | -15.00M | -13.00M | -2.00M | -28.00M | -63.00M |
| Cash Acquisitions | -154.00M | 794.00M | -9.00M | -93.00M | -125.00M | |
| Sale (Purchase) of Intangibles | -43.00M | -39.00M | -37.00M | -19.00M | -29.00M | -20.00M |
| Investment in Securities | -413.00M | 156.00M | 101.00M | -478.00M | 17.00M | -27.00M |
| Other Investing Activities | -26.00M | 2.00M | 10.00M | -20.00M | -3.00M | |
| Investing Cash Flow | -2.09B | 141.00M | -148.00M | -582.00M | -60.00M | -238.00M |
| Short-Term Debt Issued | 5.22B | 154.00M | 20.00M | 21.00M | 5.52B | |
| Total Debt Issued | 8.24B | 5.22B | 154.00M | 20.00M | 21.00M | 5.52B |
| Short-Term Debt Repaid | -4.75B | -23.00M | -20.00M | -21.00M | -1.97B | |
| Total Debt Repaid | -5.08B | -4.75B | -23.00M | -20.00M | -21.00M | -1.97B |
| Net Debt Issued (Repaid) | 3.16B | 468.00M | 131.00M | 3.55B | ||
| Issuance of Common Stock | 30.00M | 38.00M | 34.00M | 19.00M | 22.00M | 2.07B |
| Repurchase of Common Stock | -847.00M | -1.09B | -501.00M | -620.00M | -12.00M | -422.00M |
| Other Financing Activities | 217.00M | -6.00M | -9.00M | -9.00M | -10.00M | |
| Financing Cash Flow | 2.56B | -590.00M | -345.00M | -610.00M | 5.20B | |
| Foreign Exchange Rate Adjustments | -27.00M | 9.00M | -1.00M | -1.00M | ||
| Net Cash Flow | 3.48B | 1.20B | -651.00M | -11.00M | -913.00M | 4.08B |
| Free Cash Flow | 3.01B | 1.62B | -170.00M | 1.18B | -880.00M | -948.00M |
| Free Cash Flow Margin | 59.29% | 36.28% | -5.76% | 63.22% | -64.80% | -52.23% |
| Free Cash Flow Per Share | 3.29 | 1.77 | -0.19 | 1.32 | -1.00 | -1.93 |
| Cash Interest Paid | 57.00M | 31.00M | 16.00M | 12.00M | 12.00M | 12.00M |
| Cash Income Tax Paid | 242.00M | 95.00M | 18.00M | 9.00M | 4.00M | 6.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 77.90B | 101.70B | 32.94B | 11.02B | 7.22B | 15.27B |
| Last Close Price | 84.99 | 113.10 | 37.26 | 12.74 | 8.14 | 17.76 |
| PE Ratio | 39.85 | 54.01 | 23.34 | |||
| PS Ratio | 15.06 | 22.74 | 11.16 | 5.91 | 5.32 | 8.41 |
| PB Ratio | 7.66 | 11.11 | 4.13 | 1.65 | 1.04 | 2.09 |
| P/FCF Ratio | 25.40 | 62.66 | 9.35 | |||
| P/OCF Ratio | 25.13 | 62.09 | 9.33 | |||
| Debt / Equity Ratio | 2.24 | 1.36 | 0.97 | 0.55 | 0.28 | 0.52 |
| Debt / FCF Ratio | 7.49 | 7.67 | 3.10 | |||
| Net Debt / Equity Ratio | -0.23 | -0.02 | -0.57 | -1.08 | -1.13 | -0.89 |
| Net Debt / FCF Ratio | -0.76 | -0.12 | 26.95 | -6.13 | 8.95 | 6.81 |
| Asset Turnover | 0.10 | 0.14 | 0.14 | 0.09 | 0.06 | 0.12 |
| Quick Ratio | 1.09 | 1.09 | 1.18 | 1.34 | 0.81 | 1.38 |
| Current Ratio | 1.13 | 1.13 | 1.23 | 1.39 | 1.35 | 1.41 |
| Return on Equity (ROE) | 21.45% | 21.99% | 19.24% | -7.93% | -14.43% | -78.30% |
| Return on Assets (ROA) | 4.01% | 5.85% | 6.44% | -2.64% | -4.77% | -23.97% |
| Return on Invested Capital (ROIC) | 5.92% | 10.03% | 8.09% | -5.56% | -9.79% | -21.60% |
| Earnings Yield | 2.51% | 1.85% | 4.28% | -4.91% | -14.24% | -24.15% |
| FCF Yield | 3.94% | 1.60% | -0.52% | 10.70% | -12.19% | -6.21% |
| Buyback Yield / Dilution | 0.38% | -1.39% | -1.72% | -1.39% | -78.44% | -100.97% |