Robinhood Markets (HOOD) Gross Margin (2020 - 2026)
Robinhood Markets (HOOD) posted quarterly Gross Margin of 92.05% for 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.
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.
- In Q2 2026, Gross Margin rose 206.0% year-over-year to 92.05%; the TTM figure through Jun 2026 stood at 91.77% (up 144.0% YoY), while the FY2025 annual figure was 91.08%, up 30.0% from the prior year.
- Gross Margin rose to 92.05% in Q2 2026 per HOOD's latest filing, from 89.97% in the prior quarter.
- Across five years, Gross Margin topped out at 99.36% in Q4 2023 and bottomed at 69.57% in Q1 2022.
- Historically, Gross Margin has averaged 89.12% across 5 years, with a median of 90.68% in 2024.
- On a YoY basis, Gross Margin climbed as much as 2157 bps in 2022 and fell as far as 1089 bps in 2022.
- Robinhood Markets' Gross Margin stood at 98.16% in 2022, then increased by 1 bps to 99.36% in 2023, then slipped by 7 bps to 91.91% in 2024, then grew by 1 bps to 92.75% in 2025, then dropped by 1 bps to 92.05% in 2026.
- Business Quant data shows HOOD's Gross Margin at 92.05% in Q2 2026, 89.97% in Q1 2026, and 92.75% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | - |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | - |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 92.05% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 72.42% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | - |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 92.05% |
| Mar 31, 2026 | 96.44% |
| Dec 31, 2025 | 97.12% |
| Sep 30, 2025 | 97.41% |
| Jun 30, 2025 | 97.07% |
| Mar 31, 2025 | 96.66% |
| Dec 31, 2024 | 81.36% |
| Sep 30, 2024 | 95.76% |
| Jun 30, 2024 | 90.62% |
| Mar 31, 2024 | 89.16% |
| Dec 31, 2023 | 100.64% |
| 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 | 92.77% |
| Mar 31, 2022 | 69.57% |
| Dec 31, 2021 | 86.50% |
| Sep 30, 2021 | 76.16% |