Robinhood Markets (HOOD) Operating Expenses (2020 - 2026)

Robinhood Markets has disclosed Operating Expenses across 7 years of filings, most recently posting $656.0 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 17.77% year-over-year to $656.0 million; the TTM figure through Mar 2026 stood at $2.5 billion (up 24.27% YoY), while the FY2025 annual figure was $2.4 billion, up 25.41% from the prior year.
• Operating Expenses climbed to $656.0 million in Q1 2026, from $633.0 million in the prior quarter.
• Over the last five years, Operating Expenses for HOOD reached as high as $950.0 million in Q1 2023 and fell as low as $445.0 million in Q4 2023.
• The 5-year median for Operating Expenses is $540.0 million (2023), against an average of $570.7 million.
• The widest YoY moves for Operating Expenses: up 48.71% in 2022, down 68.68% in 2022.
• A 5-year view of Operating Expenses shows it stood at $534.0 million in 2022, then declined by 16.67% to $445.0 million in 2023, then advanced by 2.92% to $458.0 million in 2024, then jumped by 38.21% to $633.0 million in 2025, then increased by 3.63% to $656.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $656.0 million, $633.0 million, and $639.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.