Robinhood Markets (HOOD) Operating Expenses (2020 - 2026)
Robinhood Markets (HOOD) posted Operating Expenses of $734 million for Q2 2026, up 33.5% from $550 million a year earlier and up 11.9% from the prior quarter.
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Analysis
Robinhood Markets (HOOD) Operating Expenses (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Robinhood Markets was $2.66 billion, up 29.8% year-over-year; for FY2025, it came in at $2.38 billion, up 25.4% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 20.3% (FY2020 to FY2025).
- In prior years, Robinhood Markets' Operating Expenses was $1.9 billion in FY2024 (-21.0%), $2.4 billion in FY2023 (+1.4%), $2.37 billion in FY2022 (-31.5%) and $3.46 billion in FY2021 (+265.7%).
- The Q2 2026 figure stands as the highest quarterly Operating Expenses since Q1 2023.
- On a year-over-year basis, Operating Expenses has increased in each of the last seven quarters, with growth averaging 18.3% over the last eight quarters.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2021, with growth of 509.0%; the weakest was Q3 2022, with a decline of 68.7%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $656 million (Q1 2026), $633 million (Q4 2025) and $639 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.27 Bn | 97.61 Bn | - | 595.90 Mn |
| 2 | Bank of New York Mellon | 98.55 Bn | 37.92 Bn | - | 3.44 Bn |
| 3 | Intercontinental Exchange | 91.26 Bn | 85.07 Bn | - | 1.28 Bn |
| 4 | Robinhood Markets | 85.47 Bn | 66.56 Bn | - | 734.00 Mn |
| 5 | Nasdaq | 57.27 Bn | 54.71 Bn | 1.48 Bn | 749.00 Mn |
| 6 | State Street | 46.11 Bn | 46.11 Bn | - | 2.66 Bn |
| 7 | Interactive Brokers | 36.17 Bn | 29.63 Bn | - | 440.00 Mn |
| 8 | Cboe Global Markets | 35.59 Bn | 27.25 Bn | 731.60 Mn | 255.60 Mn |
| 9 | Northern Trust | 30.73 Bn | 30.73 Bn | - | 1.64 Bn |
| 10 | Tradeweb Markets | 28.70 Bn | 21.41 Bn | - | 313.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 734.00 Mn |
| Mar 31, 2026 | 656.00 Mn |
| Dec 31, 2025 | 633.00 Mn |
| Sep 30, 2025 | 639.00 Mn |
| Jun 30, 2025 | 550.00 Mn |
| Mar 31, 2025 | 557.00 Mn |
| Dec 31, 2024 | 458.00 Mn |
| Sep 30, 2024 | 486.00 Mn |
| Jun 30, 2024 | 493.00 Mn |
| Mar 31, 2024 | 460.00 Mn |
| Dec 31, 2023 | 445.00 Mn |
| Sep 30, 2023 | 540.00 Mn |
| Jun 30, 2023 | 466.00 Mn |
| Mar 31, 2023 | 950.00 Mn |
| Dec 31, 2022 | 534.00 Mn |
| Sep 30, 2022 | 535.00 Mn |
| Jun 30, 2022 | 610.00 Mn |
| Mar 31, 2022 | 690.00 Mn |
| Dec 31, 2021 | 783.00 Mn |
| Sep 30, 2021 | 1.71 Bn |
API Access
Robinhood Markets Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HOOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HOOD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HOOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();