Robinhood Markets (HOOD) Cost of Revenue (2020 - 2026)

Robinhood Markets (HOOD) has 7 years of Cost of Revenue data on file, last reported at $107.0 million in Q1 2026.

• Quarterly Cost of Revenue rose 1.9% year-over-year to $107.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $401.0 million (up 251.75% YoY) and the FY2025 annual result came in at $399.0 million, up 256.25% from the prior year.
• Cost of Revenue climbed to $107.0 million in Q1 2026 per HOOD's latest filing, from $93.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $107.0 million in Q1 2026 and bottomed at -$78.0 million in Q4 2024.
• The 5-year median for Cost of Revenue is $41.0 million (2023), against an average of $48.8 million.
• The widest annual swing landed in 2024, when Cost of Revenue tumbled 310.81%; it then soared 253.57% in 2025.
• Tracing HOOD's Cost of Revenue over 5 years: stood at $29.0 million in 2022, then increased by 27.59% to $37.0 million in 2023, then plunged by 310.81% to -$78.0 million in 2024, then jumped by 219.23% to $93.0 million in 2025, then rose by 15.05% to $107.0 million in 2026.
• Per Business Quant, the three latest HOOD Cost of Revenue figures stand at $107.0 million (Q1 2026), $93.0 million (Q4 2025), and $102.0 million (Q3 2025).

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