Robinhood Markets (HOOD) Gross Margin (2020 - 2026)

Robinhood Markets (HOOD) posted quarterly Gross Margin of 89.97% for Q1 2026, up 130.0% YoY from 39.12% in Q1 2025, and down 3.0% sequentially from 92.75% in Q4 2025.

Robinhood Markets (HOOD) Gross Margin (2020 - 2026) Analysis & Trends

Robinhood Markets has disclosed Gross Margin across 7 years of filings, most recently posting 89.97% for Q1 2026.

  • In Q1 2026, Gross Margin rose 130.0% year-over-year to 89.97%; the TTM figure through Mar 2026 stood at 91.31% (down 520.0% YoY), while the FY2025 annual figure was 91.08%, down 512.0% from the prior year.
  • Gross Margin slipped to 89.97% in Q1 2026, from 92.75% in the prior quarter.
  • Over the last five years, Gross Margin for HOOD reached as high as 107.69% in Q4 2024 and fell as low as 88.67% in Q1 2025.
  • The 5-year median for Gross Margin is 91.99% (2025), against an average of 92.63%.
  • Annual changes were most pronounced in 2022 — Gross Margin soared 1857 bps — and 2025, when it sank 1494 bps.
  • A 5-year view of Gross Margin shows it stood at 92.37% in 2022, then declined by 0 bps to 92.14% in 2023, then advanced by 17 bps to 107.69% in 2024, then slipped by 14 bps to 92.75% in 2025, then fell by 3 bps to 89.97% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 89.97%, 92.75%, and 91.99% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 206.12%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 89.97%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 84.10%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 99.97%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 98.88%

Historic Data

Download Data
DateValue
Mar 31, 2026 89.97%
Dec 31, 2025 92.75%
Sep 30, 2025 91.99%
Jun 30, 2025 89.99%
Mar 31, 2025 88.67%
Dec 31, 2024 107.69%
Sep 30, 2024 90.74%
Jun 30, 2024 95.89%
Mar 31, 2024 89.16%
Dec 31, 2023 92.14%
Sep 30, 2023 91.22%
Jun 30, 2023 94.86%
Mar 31, 2023 90.48%
Dec 31, 2022 92.37%
Sep 30, 2022 94.74%
Jun 30, 2022 92.77%
Mar 31, 2022 89.30%
Dec 31, 2021 88.43%
Sep 30, 2021 76.16%
Jun 30, 2021 82.12%