Robinhood Markets, Inc. Reports February 2024 Operating Data
13 Marzo 2024 - 9:05PM
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 $13 million,
up 8% from January 2024.
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February2024 |
January2024 |
M/MChange |
February2023 |
Y/YChange |
(M - in millions, B - in
billions) |
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Funded Customer Growth
(M) |
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Funded Customers |
23.6 |
23.5 |
- |
23.1 |
2% |
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Assets Under Custody
(AUC) ($B) |
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Total AUC |
$118.7 |
$102.4 |
16% |
$74.7 |
59% |
Net Deposits |
$3.6 |
$3.8 |
NM |
$1.5 |
NM |
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Trading |
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Trading Days (Equities and
Options) |
20 |
21 |
(5%) |
19 |
5% |
Total Trading
Volumes |
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Equity ($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% |
$3.5 |
86% |
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Daily
Average Revenue Trades (DARTs) (M) |
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Equity |
1.9 |
1.7 |
12% |
1.6 |
19% |
Options |
0.8 |
0.7 |
14% |
0.7 |
14% |
Crypto |
0.3 |
0.3 |
- |
0.2 |
50% |
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Customer
Margin and Cash Sweep Balances ($B) |
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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 |
- |
$1.0 |
(30%) |
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Total Securities Lending
Revenue ($M) |
$13 |
$12 |
8% |
$17 |
(24%) |
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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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