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Robinhood Markets, Inc. Reports July 2024 Operating Data

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Robinhood Markets, Inc. (NASDAQ: HOOD) reported strong growth in its July 2024 operating data. Funded Customers increased to 24.2 million, up by 70,000 from June and over 1 million year-over-year. Assets Under Custody (AUC) reached $144.5 billion, a 3% increase from June and a 53% rise year-over-year. Net Deposits were $4.2 billion, with a 36% annualized growth rate. Trading volumes saw significant increases across equity, options, and crypto. Margin balances grew to $5.4 billion, up 8% from June and 59% year-over-year. Total Cash Sweep balances rose to $21.8 billion, a 4% increase from June and 72% year-over-year. Securities Lending Revenue remained flat at $21 million compared to June but increased 24% year-over-year.

Robinhood Markets, Inc. (NASDAQ: HOOD) ha riportato una forte crescita nei dati operativi di luglio 2024. I Clienti Finanziati sono aumentati a 24,2 milioni, con un incremento di 70.000 rispetto a giugno e oltre 1 milione rispetto all'anno precedente. Gli Attivi in Custodia (AUC) hanno raggiunto i 144,5 miliardi di dollari, con un aumento del 3% rispetto a giugno e un +53% su base annuale. I Depositi Netti ammontano a 4,2 miliardi di dollari, con un tasso di crescita annualizzato del 36%. I volumi di trading hanno registrato aumenti significativi in azioni, opzioni e criptovalute. I Saldi di Margine sono cresciuti a 5,4 miliardi di dollari, con un incremento dell'8% rispetto a giugno e del 59% su base annuale. I Saldi Totali di Cash Sweep sono aumentati a 21,8 miliardi di dollari, con un incremento del 4% rispetto a giugno e del 72% su base annuale. Le Entrate da Prestiti di Titoli sono rimaste stabili a 21 milioni di dollari rispetto a giugno, ma sono aumentate del 24% su base annuale.

Robinhood Markets, Inc. (NASDAQ: HOOD) reportó un fuerte crecimiento en sus datos operativos de julio de 2024. Los Clientes Financiados aumentaron a 24,2 millones, con un incremento de 70.000 desde junio y más de 1 millón en comparación con el año anterior. Los Activos bajo Custodia (AUC) alcanzaron los 144,5 mil millones de dólares, lo que representa un aumento del 3% respecto a junio y un 53% en comparación anual. Los Depósitos Netos fueron de 4,2 mil millones de dólares, con una tasa de crecimiento anualizada del 36%. Los volúmenes de trading vieron aumentos significativos en acciones, opciones y criptomonedas. Los Salarios de Margen crecieron a 5,4 mil millones de dólares, un 8% más que en junio y un 59% más que el año anterior. Los Salarios Totales de Cash Sweep aumentaron a 21,8 mil millones de dólares, con un incremento del 4% respecto a junio y del 72% en comparación interanual. Los Ingresos por Préstamos de Valores se mantuvieron estables en 21 millones de dólares respecto a junio, pero aumentaron un 24% interanualmente.

로빈후드 마켓, Inc. (NASDAQ: HOOD)는 2024년 7월 운영 데이터에서 강력한 성장을 보고했습니다. 자금 지원 고객수는 2420만 명으로 증가했으며, 6월보다 7만 명 증가하고, 전년 대비 100만 명을 초과했습니다. 수탁 자산 (AUC)는 1,445억 달러에 도달하여 6월 대비 3% 증가하고, 전년 대비 53% 증가했습니다. 순 예치금은 42억 달러로, 연간 성장률이 36%에 달했습니다. 주식, 옵션 및 암호화폐에서 거래량이 знач сменми옥하하였습니다. 마진 잔액은 54억 달러로 증가하였으며, 이는 6월보다 8% 증가하고, 전년 대비 59% 증가한 것입니다. 총 현금 스윕 잔액은 218억 달러로 증가하였으며, 이는 6월 대비 4% 증가하고, 전년 대비 72% 증가한 것입니다. 증권 대출 수익은 6월과 비교하여 2100만 달러로 유지되었지만, 전년 대비 24% 증가하였습니다.

Robinhood Markets, Inc. (NASDAQ: HOOD) a rapporté une forte croissance de ses données opérationnelles en juillet 2024. Le nombre de Clients Financiés a atteint 24,2 millions, en hausse de 70 000 par rapport à juin et de plus de 1 million d'une année sur l'autre. Les Actifs en Custodie (AUC) ont atteint 144,5 milliards de dollars, soit une augmentation de 3 % par rapport à juin et de 53 % d'une année sur l'autre. Les Dépôts Nets ont totalisé 4,2 milliards de dollars, avec un taux de croissance annualisé de 36 %. Les volumes de trading ont connu des augmentations significatives dans les actions, les options et les cryptomonnaies. Les Soldes de Marge ont augmenté à 5,4 milliards de dollars, en hausse de 8 % par rapport à juin et de 59 % d'une année sur l'autre. Les Soldes Totaux de Cash Sweep ont atteint 21,8 milliards de dollars, soit une augmentation de 4 % par rapport à juin et de 72 % d'une année sur l'autre. Les Revenus de Prêts de Titres sont restés stables à 21 millions de dollars par rapport à juin, mais ont augmenté de 24 % d'une année sur l'autre.

Robinhood Markets, Inc. (NASDAQ: HOOD) berichtete von einem starken Wachstum in den Betriebsdaten für Juli 2024. Die Finanzierten Kunden erhöhten sich auf 24,2 Millionen, ein Anstieg von 70.000 im Vergleich zu Juni und über 1 Million im Jahresvergleich. Verwaltete Vermögenswerte (AUC) erreichten 144,5 Milliarden Dollar, was einem Anstieg von 3 % gegenüber Juni und 53 % im Jahresvergleich entspricht. Nettoeinlagen betrugen 4,2 Milliarden Dollar mit einer annualisierten Wachstumsrate von 36 %. Die Handelsvolumina verzeichneten signifikante Zuwächse in Aktien, Optionen und Kryptowährungen. Margin-Saldi wuchsen auf 5,4 Milliarden Dollar, ein Plus von 8 % gegenüber Juni und 59 % im Jahresvergleich. Die Gesamtbeträge der Cash Sweep-Bestände stiegen auf 21,8 Milliarden Dollar, was einem Anstieg von 4 % gegenüber Juni und 72 % im Jahresvergleich entspricht. Die Einnahmen aus Wertpapierleihe blieben im Vergleich zu Juni stabil bei 21 Millionen Dollar, stiegen jedoch um 24 % im Jahresvergleich.

Positive
  • Funded Customers increased by 70,000 to 24.2 million, showing continued user growth
  • Assets Under Custody (AUC) grew to $144.5 billion, up 3% from June and 53% year-over-year
  • Net Deposits of $4.2 billion, indicating a 36% annualized growth rate
  • Equity, Options, and Crypto trading volumes increased by 21%, 22%, and 23% respectively from June
  • Margin balances grew to $5.4 billion, up 8% from June and 59% year-over-year
  • Total Cash Sweep balances increased to $21.8 billion, up 4% from June and 72% year-over-year
  • Securities Lending Revenue grew 24% year-over-year to $21 million
Negative
  • None.

Insights

Robinhood's July 2024 operating data shows strong growth across key metrics. Assets Under Custody (AUC) reached $144.5 billion, up 53% year-over-year, indicating increased user trust and platform adoption. The Net Deposits of $4.2 billion for July, translating to a 36% annualized growth rate, suggests robust user engagement and capital inflow.

Trading volumes saw significant increases, with Equity Notional Trading Volumes up 51% YoY to $104.4 billion and Options Contracts Traded also up 51% YoY to 160.5 million. This surge in trading activity could lead to higher transaction-based revenues for Robinhood. The 59% YoY increase in margin balances to $5.4 billion may contribute to higher interest revenues, potentially improving the company's financial performance.

The substantial growth in Robinhood's user base and engagement metrics signals a positive trend in retail investing. The addition of approximately 70,000 funded customers in July, bringing the total to 24.2 million, demonstrates continued market penetration. The 72% YoY increase in Total Cash Sweep balances to $21.8 billion suggests users are keeping more funds on the platform, potentially indicating increased trust and readiness to invest.

The 56% YoY growth in Crypto Notional Trading Volumes to $5.3 billion reflects ongoing interest in cryptocurrency trading among retail investors. However, it's worth noting that crypto volumes are still significantly lower than equity trading volumes, indicating that traditional securities remain the primary focus for Robinhood users. This diversification in trading activities could help Robinhood maintain steady revenue streams across different market conditions.

MENLO PARK, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for July 2024:

  • Funded Customers at the end of July were 24.2 million (up approximately 70 thousand from June 2024, up over one million year-over-year).

  • Assets Under Custody (AUC) at the end of July were $144.5 billion (up 3% from June 2024, up 53% year-over-year). Net Deposits were $4.2 billion in July, translating to a 36% annualized growth rate relative to June 2024 AUC. Over the last twelve months, Net Deposits were $35.8 billion, translating to an annual growth rate of 38% relative to July 2023 AUC.

  • Equity Notional Trading Volumes were $104.4 billion (up 21% from June 2024, up 51% year-over-year). Options Contracts Traded were 160.5 million (up 22% from June 2024, up 51% year-over-year). Crypto Notional Trading Volumes were $5.3 billion (up 23% from June 2024, up 56% year-over-year).

  • Margin balances at the end of July were $5.4 billion (up 8% from the end of June 2024, up 59% year-over-year).

  • Total Cash Sweep balances at the end of July were $21.8 billion (up 4% from the end of June 2024, up 72% year-over-year).

  • Total Securities Lending Revenue in July was $21 million (flat to June 2024, up 24% year-over-year).

 July
2024
June
2024
M/M
Change
July
2023
Y/Y
Change
(M - in millions, B - in billions)     
Funded Customer Growth (M)     
Funded Customers24.224.2-23.24%
      
Assets Under Custody (AUC) ($B)     
Total AUC$144.5$139.73%$94.553%
Net Deposits$4.2$4.7NM$1.4NM
      
Trading     
Trading Days (Equities and Options)221916%2010%
Total Trading Volumes     
Equity ($B)$104.4$86.121%$69.251%
Options Contracts (M)160.5131.122%106.151%
Crypto ($B)$5.3$4.323%$3.456%
      
Daily Average Revenue Trades (DARTs) (M)    
Equity2.12.2(5%)1.724%
Options0.90.9-0.729%
Crypto0.30.3-0.250%
      
Customer Margin and Cash Sweep ($B)    
Margin Book$5.4$5.08%$3.459%
Total Cash Sweep$21.8$20.94%$12.772%
Gold Cash Sweep$21.2$20.34%$11.978%
Non-Gold Cash Sweep$0.6$0.6-$0.8(25%)
      
Total Securities Lending Revenue ($M)$21$21-$1724%


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, and spend and earn rewards through debit cards with Robinhood Money, LLC and credit cards with Robinhood Credit, Inc. People can also 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 in a broad, non-exclusionary manner for purposes of the U.S. Securities and Exchange Commission's (“SEC”) 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. All other names are trademarks and/or registered trademarks of their respective owners.

Contacts

Investor Relations

ir@robinhood.com

Media

press@robinhood.com


FAQ

What was Robinhood's (HOOD) user growth in July 2024?

Robinhood (HOOD) reported 24.2 million Funded Customers at the end of July 2024, an increase of approximately 70,000 from June 2024 and over one million year-over-year.

How much did Robinhood's (HOOD) Assets Under Custody (AUC) grow in July 2024?

Robinhood's (HOOD) Assets Under Custody (AUC) reached $144.5 billion at the end of July 2024, up 3% from June 2024 and 53% year-over-year.

What were Robinhood's (HOOD) Net Deposits in July 2024?

Robinhood (HOOD) reported Net Deposits of $4.2 billion in July 2024, translating to a 36% annualized growth rate relative to June 2024 AUC.

How did Robinhood's (HOOD) trading volumes perform in July 2024?

In July 2024, Robinhood (HOOD) saw increases in trading volumes across all categories: Equity Notional Trading Volumes were up 21%, Options Contracts Traded increased 22%, and Crypto Notional Trading Volumes rose 23% compared to June 2024.

Robinhood Markets, Inc.

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