Robinhood Markets (HOOD) Operating Margin (2020 - 2026)
Robinhood Markets (HOOD) posted quarterly Operating Margin of 28.49% for Q1 2026, down 10.0% YoY from 31.66% in Q1 2025, and down 34.37% sequentially from 43.41% in Q4 2025.
Robinhood Markets (HOOD) Operating Margin (2020 - 2026) Analysis & Trends
Robinhood Markets has disclosed Operating Margin across 7 years of filings, most recently posting 28.49% for Q1 2026.
- In Q1 2026, Operating Margin fell 10.0% year-over-year to 28.49%; the TTM figure through Mar 2026 stood at 37.59% (up 225.0% YoY), while the FY2025 annual figure was 37.89%, up 597.0% from the prior year.
- Operating Margin fell to 28.49% in Q1 2026, from 43.41% in the prior quarter.
- Over the last five years, Operating Margin for HOOD reached as high as 62.52% in Q4 2024 and fell as low as 141.47% in Q1 2022.
- The 5-year median for Operating Margin is 14.44% (2024), against an average of 11.93%.
- The widest YoY moves for Operating Margin: up 33832 bps in 2022, down 13304 bps in 2022.
- A 5-year view of Operating Margin shows it stood at 48.16% in 2022, then jumped by 95 bps to 2.34% in 2023, then jumped by 2777 bps to 62.52% in 2024, then plunged by 31 bps to 43.41% in 2025, then slumped by 34 bps to 28.49% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 28.49%, 43.41%, and 41.84% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 149.71% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 28.49% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 46.50% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 108.11% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -161.28% |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | 23.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.49% |
| Dec 31, 2025 | 43.41% |
| Sep 30, 2025 | 41.84% |
| Jun 30, 2025 | 34.38% |
| Mar 31, 2025 | 28.59% |
| Dec 31, 2024 | 62.52% |
| Sep 30, 2024 | 14.44% |
| Jun 30, 2024 | 23.61% |
| Mar 31, 2024 | 14.72% |
| Dec 31, 2023 | -2.34% |
| Sep 30, 2023 | -24.41% |
| Jun 30, 2023 | -1.03% |
| Mar 31, 2023 | -124.94% |
| Dec 31, 2022 | -48.16% |
| Sep 30, 2022 | -53.46% |
| Jun 30, 2022 | -99.06% |
| Mar 31, 2022 | -141.47% |
| Dec 31, 2021 | -127.27% |
| Sep 30, 2021 | -391.78% |
| Jun 30, 2021 | -6.55% |