Robinhood Markets (HOOD) Net Margin (2020 - 2026)

Robinhood Markets (HOOD) posted quarterly Net Margin of 32.8% for Q1 2026, down 344.0% YoY from 13.44% in Q1 2025, and down 30.44% sequentially from 47.16% in Q4 2025.

Robinhood Markets (HOOD) Net Margin (2020 - 2026) Analysis & Trends

Robinhood Markets has disclosed Net Margin across 7 years of filings, most recently posting 32.8% for Q1 2026.

  • In Q1 2026, Net Margin fell 344.0% year-over-year to 32.8%; the TTM figure through Mar 2026 stood at 41.12% (down 765.0% YoY), while the FY2025 annual figure was 42.1%, down 572.0% from the prior year.
  • Net Margin slipped to 32.8% in Q1 2026, from 47.16% in the prior quarter.
  • Over the last five years, Net Margin for HOOD reached as high as 90.34% in Q4 2024 and fell as low as 131.1% in Q1 2022.
  • The 5-year median for Net Margin is 23.55% (2024), against an average of 4.29%.
  • Annual changes were most pronounced in 2022 — Net Margin surged 31235 bps — and 2025, when it slumped 4318 bps.
  • A 5-year view of Net Margin shows it stood at 43.68% in 2022, then jumped by 115 bps to 6.37% in 2023, then jumped by 1318 bps to 90.34% in 2024, then sank by 48 bps to 47.16% in 2025, then tumbled by 30 bps to 32.8% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 32.8%, 47.16%, and 43.64% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 26.29%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 31.36%
3 Schwab Charles 167.21 Bn 122.24 Bn - 36.98%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 122.40%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 32.80%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 7.22%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 37.74%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 132.82%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -171.16%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 1.16%

Historic Data

Download Data
DateValue
Mar 31, 2026 32.80%
Dec 31, 2025 47.16%
Sep 30, 2025 43.64%
Jun 30, 2025 39.03%
Mar 31, 2025 36.25%
Dec 31, 2024 90.34%
Sep 30, 2024 23.55%
Jun 30, 2024 27.57%
Mar 31, 2024 25.40%
Dec 31, 2023 6.37%
Sep 30, 2023 -18.20%
Jun 30, 2023 5.14%
Mar 31, 2023 -115.87%
Dec 31, 2022 -43.68%
Sep 30, 2022 -48.48%
Jun 30, 2022 -92.77%
Mar 31, 2022 -131.10%
Dec 31, 2021 -116.53%
Sep 30, 2021 -360.82%
Jun 30, 2021 -88.85%