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Profile & Fundamentals
Robinhood Markets: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Robinhood Markets Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Robinhood Markets, Inc. operates financial services platform in the United States. The company's platform allows users to invest in stocks, exchange-traded funds (ETFs), and American depository receipts. It offers fractional trading, recurring investments, access to investing on margin, fully-paid securities lending, cash sweep, instant withdrawals, retirement program, around-the-clock trading, joint investing accounts, event contracts, future contract services, and short selling. The company also provides various learning and education solutions comprise Snacks, an accessible digest of business news stories for a new generation of investors; Learn, which is an online collection of guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free, premium news from sites from various sites, such as Barron's, Reuters, and Dow Jones. In addition, the company offers In-App Education, a resource that covers investing fundamentals, including why people invest, a stock market overview, and tips on how to define investing goals, as well as allows customers to understand the basics of investing before their first trade; and Crypto Learn and Earn, an educational module available to various crypto customers through Robinhood Learn to teach customers the basics related to cryptocurrency. Further, it provides Robinhood credit cards, cash card and spending accounts, and wallets. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.
Company profile record
Robinhood Markets Inc
Common Stock · Financials · Financial Exchanges & Data
Company
- Company / asset
- Robinhood Markets Inc
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Financial Exchanges & Data
- HQ
- 🇺🇸 United States
- Head office
- 85 Willow Road, Menlo Park, CA, United States, 94025
Leadership & scale
- Chief executive
- Mr. Vladimir Tenev
- CEO year born
- 1987
- Full-time employees
- 2.9K
- Fiscal year end
- December
- IPO date
- 2021-07-29
Fundamentals snapshot
- Market Cap
- USD 102.3B
- P/E
- 49.4x
- Revenue (Q2 26)
- USD 1.3B
- Profit (Q2 26)
- USD 561.0M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 4.5B
- Shares in public float
- 784.3M
- Insider ownership
- 0.96%
Reporting & identifiers
- Symbol
- HOOD.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US7707001027
- Asset ID
- equity_7976a2f1-8279-537d-85d6-05e2d4f65ebf
Ownership
Shares Outstanding
Latest: 913.0M | Max: 917.7M | Min: 850.2M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
85.90%
784.3M latest reported shares
Insider Ownership
0.96%
Latest reported insider stake
Short Float
0.05%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2019-01-01 | 850,178,800 |
| 2020-01-01 | 850,178,800 |
| 2021-01-01 | 863,912,600 |
| 2022-01-01 | 889,239,600 |
| 2023-01-01 | 883,228,000 |
| 2024-01-01 | 907,767,800 |
| 2025-01-01 | 917,718,400 |
| 2026-01-01 | 913,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 63,458,589 | 7.06% | 2026-03-31 |
| Vanguard Capital Management, LLC | 51,326,495 | 5.71% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 37,149,630 | 4.13% | 2026-03-31 |
| State Street Corp | 33,373,068 | 3.71% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 25,144,391 | 2.8% | 2026-08-31 |
| Newlands Management Operations LLC | 24,158,860 | 2.69% | 2026-06-30 |
| Geode Capital Management, LLC | 21,505,352 | 2.39% | 2026-03-31 |
| Vanguard 500 Index Investor | 21,020,588 | 2.34% | 2026-08-31 |
| FMR Inc | 18,057,391 | 2.01% | 2026-03-31 |
| Vanguard MStar Mid Cap Index Instl | 17,113,740 | 1.9% | 2026-08-31 |
| JPMorgan Chase & Co | 14,268,817 | 1.59% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 11,420,694 | 1.27% | 2026-03-31 |
| NORGES BANK | 11,407,553 | 1.27% | 2026-06-30 |
| iShares Core S&P 500 ETF | 10,535,858 | 1.17% | 2026-08-31 |
| Fidelity 500 Index | 10,230,848 | 1.14% | 2026-07-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Robinhood has delivered a striking operational turnaround, lifting trailing twelve-month revenue to $4.93 billion and net income to $2.07 billion through mid-2026. This performance was propelled by surging options turnover, high interest income on customer balances, and rapid volume growth in sports prediction contracts. However, headline profits conceal critical underlying fragilities. Reported net income was flattered in the second quarter of 2026 by a $106 million non-operating accounting gain from fund deconsolidation. More importantly, trailing free cash flow was restricted to just $178 million, because rapid growth in customer margin loans absorbed immense operational cash flow.
Robinhood has delivered a striking operational turnaround, lifting trailing twelve-month revenue to $4.93 billion and net income to $2.07 billion through mid-2026. This performance was propelled by surging options turnover, high interest income on customer balances, and rapid volume growth in sports prediction contracts. However, headline profits conceal critical underlying fragilities. Reported net income was flattered in the second quarter of 2026 by a $106 million non-operating accounting gain from fund deconsolidation. More importantly, trailing free cash flow was restricted to just $178 million, because rapid growth in customer margin loans absorbed immense operational cash flow.
Revenue, Net Income, and Free Cash Flow
Latest: USD 4.5B | Max: USD 4.5B | Min: USD -3.7B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 55x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Robinhood's profit margins have rebounded dramatically, with operating margins surging to 46.8% and net profit margins reaching 42.1% in fiscal 2025. This expansion highlights software operating leverage, as fixed technology overhead effortlessly absorbed rising trade volumes and wide interest spreads earned on uninvested customer sweep cash. However, these peak margins represent cyclical high-water marks rather than permanent guarantees. High-margin derivatives and net interest income heavily subsidize zero-commission trading. If market volatility subsides or central banks cut interest rates, net interest spreads will narrow, compressing blended operating profit margins back toward mature financial brokerage averages near thirty percent.
Robinhood's profit margins have rebounded dramatically, with operating margins surging to 46.8% and net profit margins reaching 42.1% in fiscal 2025. This expansion highlights software operating leverage, as fixed technology overhead effortlessly absorbed rising trade volumes and wide interest spreads earned on uninvested customer sweep cash. However, these peak margins represent cyclical high-water marks rather than permanent guarantees. High-margin derivatives and net interest income heavily subsidize zero-commission trading. If market volatility subsides or central banks cut interest rates, net interest spreads will narrow, compressing blended operating profit margins back toward mature financial brokerage averages near thirty percent.
Profitability Margins
Latest: 83.3% | Max: 92.2% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
83.3%
Gross profit / revenue
Operating Margin
46.8%
Operating income / revenue
Net Margin
42.1%
Net income / revenue
FCF Margin
35.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2019-12-31 | 277,533,000 | -106,569,000 | 1,247,632,000 |
| 2020-12-31 | 958,000,000 | 7,000,000 | 1,843,924,000 |
| 2021-12-31 | 1,815,000,000 | -3,687,000,000 | -968,426,000 |
| 2022-12-31 | 1,358,000,000 | -1,028,000,000 | -909,000,000 |
| 2023-12-31 | 1,865,000,000 | -541,000,000 | 532,000,000 |
| 2024-12-31 | 2,951,000,000 | 1,411,000,000 | -207,000,000 |
| 2025-12-31 | 4,473,000,000 | 1,883,000,000 | 1,584,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 55.12 | Trailing four quarters |
| 2024-12-31 | 23.97 | Trailing four quarters |
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2019-12-31 | 66.42 | -38.53 | -38.4 | 449.54 |
| 2020-12-31 | 75.26 | 1.36 | 0.73 | 192.48 |
| 2021-12-31 | 71.96 | -90.41 | -203.14 | -53.36 |
| 2022-12-31 | 56.7 | -71.13 | -75.7 | -66.94 |
| 2023-12-31 | 92.17 | -28.74 | -29.01 | 28.53 |
| 2024-12-31 | 79.43 | 35.72 | 47.81 | -7.01 |
| 2025-12-31 | 83.34 | 46.81 | 42.1 | 35.41 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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