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

Robinhood Markets (HOOD) reported Net Margin of 32.8% for Q1 2026, down 344.0% year-over-year from 13.44% in Q1 2025, and down 30.44% quarter-over-quarter from 47.16% in Q4 2025.

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

Robinhood Markets (HOOD) has 7 years of Net Margin data on file, last reported at 32.8% in Q1 2026.

  • Net Margin for Q1 2026 came in at 32.8%, down 344.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 41.12% (down 765.0% YoY), and the FY2025 annual result was 42.1%, down 572.0% from the prior year.
  • Net Margin fell to 32.8% in Q1 2026 per HOOD's latest filing, from 47.16% in the prior quarter.
  • Over five years, Net Margin peaked at 90.34% in Q4 2024 and troughed at 131.1% in Q1 2022.
  • A 5-year average of 4.29% and a median of 23.55% in 2024 frame the typical range for Net Margin.
  • The sharpest annual moves came in 2022 and 2025: Net Margin surged 31235 bps in 2022, then plunged 4318 bps in 2025.
  • 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 tumbled by 48 bps to 47.16% in 2025, then sank by 30 bps to 32.8% in 2026.
  • Business Quant data shows HOOD's Net Margin at 32.8% in Q1 2026, 47.16% in Q4 2025, and 43.64% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - 26.29%
3 Goldman Sachs 333.85 Bn -603.70 Bn - 31.36%
4 Schwab Charles 160.31 Bn 115.33 Bn - 36.98%
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 32.80%
6 Interactive Brokers 42.79 Bn 53.38 Bn - 16.00%
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 7.22%
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 37.74%
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -171.16%
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 132.82%

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%