Robinhood Markets (HOOD) Operating Margin (2020 - 2026)
Robinhood Markets' (HOOD) quarterly Operating Margin came in at 35.93% in Q2 2026, up 155.0% year-over-year from 14.09% in Q2 2025, and up 26.12% quarter-over-quarter from 28.49% in Q1 2026.
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Robinhood Markets (HOOD) Operating Margin (2020 - 2026) Analysis & Trends
Robinhood Markets (HOOD) has reported Operating Margin for 7 consecutive years, with 35.93% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 155.0% year-over-year to 35.93% in Q2 2026; TTM through Jun 2026 was 37.79%, a 497.0% increase from a year earlier, with the FY2025 full-year figure at 37.89%, up 1139.0% from the prior year.
- Operating Margin was 35.93% for Q2 2026 at Robinhood Markets, up from 28.49% in the prior quarter.
- Over five years, Operating Margin peaked at 46.75% in Q4 2024 and troughed at 161.2% in Q1 2022.
- A 5-year average of 12.75% and a median of 14.58% in 2024 frame the typical range for Operating Margin.
- The widest YoY moves for Operating Margin: up 33133 bps in 2022, down 15277 bps in 2022.
- Over 5 years, Operating Margin stood at 42.37% in 2022, then jumped by 112 bps to 4.88% in 2023, then jumped by 857 bps to 46.75% in 2024, then decreased by 7 bps to 43.41% in 2025, then retreated by 17 bps to 35.93% in 2026.
- The last three Operating Margin figures came in at 35.93% (Q2 2026), 28.49% (Q1 2026), and 43.41% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 35.93% |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | - |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | - |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | 61.99% |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | 31.17% |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | 113.62% |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 31.48% |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | -1.90% |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | -35.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.93% |
| 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 | 46.75% |
| Sep 30, 2024 | 14.44% |
| Jun 30, 2024 | 18.33% |
| Mar 31, 2024 | 14.72% |
| Dec 31, 2023 | 4.88% |
| Sep 30, 2023 | -24.41% |
| Jun 30, 2023 | -3.29% |
| Mar 31, 2023 | -124.94% |
| Dec 31, 2022 | -42.37% |
| Sep 30, 2022 | -66.20% |
| Jun 30, 2022 | -118.87% |
| Mar 31, 2022 | -161.20% |
| Dec 31, 2021 | -139.12% |
| Sep 30, 2021 | -397.53% |