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% quarter-over-quarter from 92.75% in Q4 2025.
Robinhood Markets (HOOD) Gross Margin (2020 - 2026) Analysis & Trends
Robinhood Markets (HOOD) has 7 years of Gross Margin data on file, last reported at 89.97% in Q1 2026.
- Gross Margin for Q1 2026 came in at 89.97%, up 130.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 91.31% (down 520.0% YoY), and the FY2025 annual result was 91.08%, down 512.0% from the prior year.
- Gross Margin fell to 89.97% in Q1 2026 per HOOD's latest filing, from 92.75% in the prior quarter.
- Over five years, Gross Margin peaked at 107.69% in Q4 2024 and troughed at 88.67% in Q1 2025.
- A 5-year average of 92.63% and a median of 91.99% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2025: Gross Margin soared 1857 bps in 2022, then tumbled 1494 bps in 2025.
- 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.
- Business Quant data shows HOOD's Gross Margin at 89.97% in Q1 2026, 92.75% in Q4 2025, and 91.99% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | - |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | - |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | - |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 89.97% |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | - |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | - |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | - |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 99.97% |
| 10 | Circle Internet | 19.67 Bn | 18.16 Bn | 35.01 Mn | 84.10% |
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% |