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

Robinhood Markets (HOOD) has reported Cost of Revenue for 7 consecutive years, with $104.0 million the latest figure, recorded in Q2 2026.

• In Q2 2026, Cost of Revenue rose 5.05% year-over-year to $104.0 million; the TTM figure through Jun 2026 stood at $406.0 million (up 17.68% YoY), while the FY2025 annual figure was $399.0 million, up 46.69% from the prior year.
• Cost of Revenue slipped to $104.0 million in Q2 2026 per HOOD's latest filing, from $107.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $107.0 million in Q1 2026 and bottomed at $3.0 million in Q4 2023.
• Historically, Cost of Revenue has averaged $69.6 million across 5 years, with a median of $74.5 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue plunged 91.76% — and 2024, when it surged 2633.33%.
• Robinhood Markets' Cost of Revenue stood at $7.0 million in 2022, then sank by 57.14% to $3.0 million in 2023, then soared by 2633.33% to $82.0 million in 2024, then climbed by 13.41% to $93.0 million in 2025, then increased by 11.83% to $104.0 million in 2026.
• Business Quant data shows HOOD's Cost of Revenue at $104.0 million in Q2 2026, $107.0 million in Q1 2026, and $93.0 million in Q4 2025.