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| Date | Value |
|---|---|
| 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% |