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% on a QoQ basis from 47.16% in Q4 2025.
Robinhood Markets (HOOD) has 7 years of Net Margin data on file, last reported at 32.8% in Q1 2026.
- Quarterly Net Margin fell 344.0% year-over-year to 32.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 41.12% (down 765.0% YoY) and the FY2025 annual result came in at 42.1%, down 572.0% from the prior year.
- Net Margin retreated to 32.8% in Q1 2026 per HOOD's latest filing, from 47.16% in the prior quarter.
- Across five years, Net Margin topped out at 90.34% in Q4 2024 and bottomed at 131.1% in Q1 2022.
- The 5-year median for Net Margin is 23.55% (2024), against an average of 4.29%.
- The widest annual swing landed in 2022, when Net Margin soared 31235 bps; it then slumped 4318 bps in 2025.
- Tracing HOOD's Net Margin over 5 years: stood at 43.68% in 2022, then surged by 115 bps to 6.37% in 2023, then surged 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.
- Per Business Quant, the three latest HOOD Net Margin figures stand at 32.8% (Q1 2026), 47.16% (Q4 2025), and 43.64% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 26.29% |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 31.36% |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 36.98% |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 32.80% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 16.00% |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 132.82% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 7.22% |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -171.16% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 37.74% |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -356.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | -276.82% |
| Dec 31, 2020 | 2.71% |
| Sep 30, 2020 | -3.96% |
| Jun 30, 2020 | 9.33% |