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Robinhood Markets (HOOD) Operating Expenses (2020 - 2025)

Robinhood Markets (HOOD) has disclosed Operating Expenses for 6 consecutive years, with $633.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 38.21% to $633.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.4 billion, a 25.41% increase, with the full-year FY2025 number at $2.4 billion, up 25.41% from a year prior.
  • Operating Expenses was $633.0 million for Q4 2025 at Robinhood Markets, down from $639.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.7 billion in Q3 2021 to a low of $445.0 million in Q4 2023.
  • A 5-year average of $625.1 million and a median of $537.5 million in 2022 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: surged 910.74% in 2021, then crashed 68.68% in 2022.
  • Robinhood Markets' Operating Expenses stood at $783.0 million in 2021, then crashed by 31.8% to $534.0 million in 2022, then fell by 16.67% to $445.0 million in 2023, then rose by 2.92% to $458.0 million in 2024, then surged by 38.21% to $633.0 million in 2025.
  • Per Business Quant, the three most recent readings for HOOD's Operating Expenses are $633.0 million (Q4 2025), $639.0 million (Q3 2025), and $550.0 million (Q2 2025).