Robinhood Markets (HOOD) Research & Development (2020 - 2026)

Robinhood Markets (HOOD) reported Research & Development of $241.0 million for Q1 2026, up 12.62% year-over-year from $214.0 million in Q1 2025, and up 3.88% quarter-over-quarter from $232.0 million in Q4 2025.

Robinhood Markets (HOOD) Research & Development (2020 - 2026) Analysis & Trends

Robinhood Markets (HOOD) has 7 years of Research & Development data on file, last reported at $241.0 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $241.0 million, up 12.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $924.0 million (up 10.53% YoY), and the FY2025 annual result was $897.0 million, up 9.66% from the prior year.
  • Research & Development climbed to $241.0 million in Q1 2026 per HOOD's latest filing, from $232.0 million in the prior quarter.
  • Over five years, Research & Development peaked at $268.0 million in Q1 2022 and troughed at $180.0 million in Q4 2022.
  • A 5-year average of $214.1 million and a median of $208.0 million in 2024 frame the typical range for Research & Development.
  • On a YoY basis, Research & Development climbed as much as 129.06% in 2022 and fell as far as 72.75% in 2022.
  • A 5-year view of Research & Development shows it stood at $180.0 million in 2022, then rose by 9.44% to $197.0 million in 2023, then increased by 5.58% to $208.0 million in 2024, then gained by 11.54% to $232.0 million in 2025, then gained by 3.88% to $241.0 million in 2026.
  • Business Quant data shows HOOD's Research & Development at $241.0 million in Q1 2026, $232.0 million in Q4 2025, and $237.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - 1.15 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 583.00 Mn
4 Schwab Charles 160.31 Bn 115.33 Bn - -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 241.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 23.47 Mn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 39.55 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 241.00 Mn
Dec 31, 2025 232.00 Mn
Sep 30, 2025 237.00 Mn
Jun 30, 2025 214.00 Mn
Mar 31, 2025 214.00 Mn
Dec 31, 2024 208.00 Mn
Sep 30, 2024 205.00 Mn
Jun 30, 2024 209.00 Mn
Mar 31, 2024 196.00 Mn
Dec 31, 2023 197.00 Mn
Sep 30, 2023 202.00 Mn
Jun 30, 2023 207.00 Mn
Mar 31, 2023 199.00 Mn
Dec 31, 2022 180.00 Mn
Sep 30, 2022 185.00 Mn
Jun 30, 2022 245.00 Mn
Mar 31, 2022 268.00 Mn
Dec 31, 2021 282.00 Mn
Sep 30, 2021 679.00 Mn
Jun 30, 2021 156.00 Mn