Robinhood Markets (HOOD) Gross Margin (2020 - 2026)
Robinhood Markets (HOOD) reported Gross Margin of 89.97% for Q1 2026, up 130.0% year-over-year from 39.12% in Q1 2025, and down 3.0% on a QoQ basis from 92.75% in Q4 2025.
Robinhood Markets (HOOD) has 7 years of Gross Margin data on file, last reported at 89.97% in Q1 2026.
- Quarterly Gross Margin rose 130.0% year-over-year to 89.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 91.31% (down 520.0% YoY) and the FY2025 annual result came in at 91.08%, down 512.0% from the prior year.
- Gross Margin retreated to 89.97% in Q1 2026 per HOOD's latest filing, from 92.75% in the prior quarter.
- Across five years, Gross Margin topped out at 107.69% in Q4 2024 and bottomed at 88.67% in Q1 2025.
- The 5-year median for Gross Margin is 91.99% (2025), against an average of 92.63%.
- The widest annual swing landed in 2022, when Gross Margin jumped 1857 bps; it then sank 1494 bps in 2025.
- Tracing HOOD's Gross Margin over 5 years: stood at 92.37% in 2022, then slipped by 0 bps to 92.14% in 2023, then rose by 17 bps to 107.69% in 2024, then retreated by 14 bps to 92.75% in 2025, then dropped by 3 bps to 89.97% in 2026.
- Per Business Quant, the three latest HOOD Gross Margin figures stand at 89.97% (Q1 2026), 92.75% (Q4 2025), and 91.99% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | 64.03% |
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% |
| Mar 31, 2021 | 80.46% |
| Dec 31, 2020 | 70.71% |
| Sep 30, 2020 | 85.50% |
| Jun 30, 2020 | 87.53% |