Robinhood Markets (HOOD) Gross Margin (2020 - 2026)
Robinhood Markets' (HOOD) quarterly Gross Margin came in at 92.05% in Q2 2026, up 206.0% year-over-year from 30.08% in Q2 2025, and up 2.31% quarter-over-quarter from 89.97% in Q1 2026.
Analysis
Robinhood Markets (HOOD) Gross Margin (2020 - 2026) Analysis & Trends
Robinhood Markets (HOOD) has reported Gross Margin for 7 consecutive years, with 92.05% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 206.0% year-over-year to 92.05% in Q2 2026; TTM through Jun 2026 was 91.77%, a 144.0% increase from a year earlier, with the FY2025 full-year figure at 91.08%, up 30.0% from the prior year.
- Gross Margin was 92.05% for Q2 2026 at Robinhood Markets, up from 89.97% in the prior quarter.
- Over five years, Gross Margin peaked at 99.36% in Q4 2023 and troughed at 69.57% in Q1 2022.
- A 5-year average of 89.12% and a median of 90.68% in 2024 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 2157 bps in 2022, down 1089 bps in 2022.
- Over 5 years, Gross Margin stood at 98.16% in 2022, then climbed by 1 bps to 99.36% in 2023, then retreated by 7 bps to 91.91% in 2024, then advanced by 1 bps to 92.75% in 2025, then decreased by 1 bps to 92.05% in 2026.
- The last three Gross Margin figures came in at 92.05% (Q2 2026), 89.97% (Q1 2026), and 92.75% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 92.05% |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | - |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | - |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | 86.31% |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | - |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | 27.10% |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 43.19% |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 3.99% |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.05% |
| 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 | 91.91% |
| Sep 30, 2024 | 90.74% |
| Jun 30, 2024 | 90.62% |
| Mar 31, 2024 | 89.16% |
| Dec 31, 2023 | 99.36% |
| Sep 30, 2023 | 91.22% |
| Jun 30, 2023 | 92.59% |
| Mar 31, 2023 | 90.48% |
| Dec 31, 2022 | 98.16% |
| Sep 30, 2022 | 81.99% |
| Jun 30, 2022 | 72.96% |
| Mar 31, 2022 | 69.57% |
| Dec 31, 2021 | 76.58% |
| Sep 30, 2021 | 70.41% |