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.

• On a quarterly basis, Cost of Revenue rose 5.05% year-over-year to $104.0 million in Q2 2026; TTM through Jun 2026 was $406.0 million, a 17.68% increase from a year earlier, with the FY2025 full-year figure at $399.0 million, up 46.69% from the prior year.
• Cost of Revenue was $104.0 million for Q2 2026 at Robinhood Markets, down from $107.0 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $107.0 million in Q1 2026 and troughed at $3.0 million in Q4 2023.
• A 5-year average of $69.6 million and a median of $74.5 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue sank 91.76% in 2022 and jumped 2633.33% in 2024, its largest moves.
• Over 5 years, Cost of Revenue stood at $7.0 million in 2022, then sank by 57.14% to $3.0 million in 2023, then jumped by 2633.33% to $82.0 million in 2024, then gained by 13.41% to $93.0 million in 2025, then climbed by 11.83% to $104.0 million in 2026.
• The last three Cost of Revenue figures came in at $104.0 million (Q2 2026), $107.0 million (Q1 2026), and $93.0 million (Q4 2025), per Business Quant data.