Robinhood Markets, Inc.HOOD
NasdaqGS•Financial Services•Capital Markets
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.
Robinhood Markets, Inc. (HOOD) reported trailing twelve months revenue of $4.61B as of March 2026, a 41.5% increase year-over-year. Quarterly revenue reached $1.07B, reflecting continued top-line momentum.
Robinhood Markets, Inc. generated $1.90B in TTM net income, with quarterly EBITDA of $434.00M. The operating margin contracted from 39.9% to 38.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (38.5%) and net margin (32.8%) indicates moderate non-operating costs. Net margin has narrowed from 36.2% a year ago, reflecting increased costs or interest expense.
HOOD trades at a P/E of 30.9x (a premium multiple) and a P/S of 12.7x. The price-to-book ratio of 6.0x indicates a significant premium over book value.
The company generated $2.04B in free cash flow over the trailing twelve months, a 217.4% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $45.47B in total assets with no in long-term debt against $9.69B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 20 quarters of fundamental data
Operating margins are expanding at ~41.2%, suggesting durable pricing power and cost discipline.
ROE averages 17.1% but has fluctuated — the competitive advantage may be cyclical or emerging.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~106.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 20 quarters
Margins are stable or improving at ~45.9% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares outstanding rose 2.1% — mild dilution. Compare to earnings growth to assess net per-share impact.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation