Robinhood Markets, Inc. Reports August 2022 Operating Data

Rhea-AI Summary

On September 12, 2022, Robinhood (NASDAQ: HOOD) released its operating data for August 2022. The company reported 22.9 million Net Cumulative Funded Accounts and 13.3 million Monthly Active Users, a slight increase from July. However, Assets Under Custody dropped 5% to $71.0 billion. Notional Trading Volumes for equities saw a significant rise of 35% to $66.0 billion, while option contracts rose 34% to 89.9 million. Net Deposits reached $0.8 billion in August, reflecting a 12% annualized growth.

Positive

• Monthly Active Users increased by 1% to 13.3 million.
• Notional Trading Volumes for equities rose by 35% to $66.0 billion.
• Options contracts increased by 34% to 89.9 million.
• Net Deposits for August were $0.8 billion, translating to a 12% annualized growth rate.

Negative

• Assets Under Custody decreased by 5% from $74.6 billion in July to $71.0 billion.
• Cumulative Net Deposits showed a year-over-year decline of 31% from $103.5 billion.
• Monthly Active Users declined by 29% compared to August 2021.

MENLO PARK, Calif., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for August 2022:

• Net Cumulative Funded Accounts (NCFA) at the end of August were 22.9 Million, unchanged from the end of July 2022. Monthly Active Users (MAU) at the end of August were 13.3 Million, up 0.1 Million from the end of July 2022.
  
  
• Assets Under Custody (AUC) at the end of August were $71.0 Billion, down 5% from the end of July 2022. Net Deposits were $0.8 Billion in August, translating to a 12% annualized growth rate relative to July 2022 AUC. Over the last twelve months, Net Deposits were $17.6 Billion, translating to an annual growth rate of 17% relative to August 2021 Assets Under Custody.
  
  
• Notional Trading Volumes - which are the primary driver of transaction revenues - were mostly up in August from July 2022. Equities were $66.0 Billion (up 35%), Option contracts were 89.9 Million (up 34%), and Cryptocurrencies were $5.3 Billion (down 2%).
  

	August 2022	July 2022	Change M/M	August 2021	Change Y/Y
(M - in millions, B - in billions)
User Growth (M)
Net Cumulative Funded Accounts (NCFA)	22.9	22.9	0%	22.4	2%
Engagement (M)
Monthly Active Users (MAU)	13.3	13.2	1%	18.7	-29%
Assets Under Custody (AUC) ($B)
Total AUC	$71.0	$74.6	-5%	$103.5	-31%
Cumulative Net Deposits	$84.5	$83.8	1%	$66.9	26%
Net Deposits	$0.8	$0.7	N/M	$0.6	N/M
Trading
Trading Days (equities and options)	23	20	15%	22	5%
Notional Trading Volumes
Equity ($B)	$66.0	$48.8	35%	$73.3	-10%
Options contracts (M)	89.9	67.0	34%	95.4	-6%
Crypto ($B)	$5.3	$5.5	-2%	$21.8	-76%
Daily Average Revenue Trades (DARTs) (M)
Equity DARTs	1.6	1.3	19%	2.1	-25%
Option DARTs	0.6	0.5	18%	0.8	-23%
Total DARTs (Equity and Options)	2.2	1.8	19%	2.9	-25%
Crypto DARTs	0.3	0.3	4%	0.6	-50%
Margin ($B)
Margin Book	$4.2	$4.0	6%	$5.6	-25%

For definitions and additional information regarding these metrics, please refer to Robinhood’s full monthly metrics update, 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 is on a mission to democratize finance for all. With Robinhood, people can invest with no account minimums through Robinhood Financial LLC, buy and sell crypto through Robinhood Crypto, LLC, spend, save, and earn rewards through Robinhood Money, LLC, and learn about investing through easy-to understand educational content.

Robinhood also intends to use the “Overview” tab of its Investor Relations website and its blog, Under the Hood, as means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC’s Regulation Fair Disclosure (Reg. FD). The Overview page can be accessed at investors.robinhood.com/overview and Under the Hood can be accessed at blog.robinhood.com and 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

FAQ

What were Robinhood's Monthly Active Users in August 2022?

Robinhood reported 13.3 million Monthly Active Users at the end of August 2022.

How much did Robinhood's Assets Under Custody decrease in August 2022?

Assets Under Custody decreased by 5% to $71.0 billion in August 2022.

What was the Notional Trading Volume for equities in August 2022?

The Notional Trading Volume for equities in August 2022 was $66.0 billion, a 35% increase from July.

What were Robinhood's net deposits for August 2022?

Net Deposits for August 2022 reached $0.8 billion, reflecting a 12% annualized growth.

How did Robinhood's net cumulative funded accounts change in August 2022?

Robinhood's net cumulative funded accounts remained unchanged at 22.9 million at the end of August 2022.