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.

• Cost of Revenue for Q1 2026 came in at $107.0 million, up 1.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $401.0 million (up 251.75% YoY), and the FY2025 annual result was $399.0 million, up 256.25% from the prior year.
• Cost of Revenue advanced to $107.0 million in Q1 2026 per HOOD's latest filing, from $93.0 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $107.0 million in Q1 2026 and troughed at -$78.0 million in Q4 2024.
• A 5-year average of $48.8 million and a median of $41.0 million in 2023 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue sank 310.81% in 2024, then surged 253.57% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $29.0 million in 2022, then gained by 27.59% to $37.0 million in 2023, then slumped by 310.81% to -$78.0 million in 2024, then soared by 219.23% to $93.0 million in 2025, then advanced by 15.05% to $107.0 million in 2026.
• Business Quant data shows HOOD's Cost of Revenue at $107.0 million in Q1 2026, $93.0 million in Q4 2025, and $102.0 million in Q3 2025.