Robinhood Markets (HOOD) Research & Development (2020 - 2026)
Robinhood Markets (HOOD) posted Research & Development of $254 million for Q3 2026, up 7.2% from $237 million a year earlier but down 0.8% from the prior quarter.
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Analysis
Robinhood Markets (HOOD) Research & Development (2020 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at Robinhood Markets was $983 million, up 12.6% year-over-year; for FY2025, it came in at $897 million, up 9.7% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 33.1% (FY2020 to FY2025).
- In prior years, Robinhood Markets' Research & Development was $818 million in FY2024 (+1.6%), $805 million in FY2023 (-8.3%), $878 million in FY2022 (-28.8%) and $1.23 billion in FY2021 (+474.0%).
- Quarterly Research & Development has run from a low of $180 million in Q4 2022 to a high of $282 million in Q4 2021 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last ten quarters, with growth averaging 10.5% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2021, with growth of 246.7%; the weakest was Q3 2022, with a decline of 72.8%.
- According to Business Quant data, Research & Development for the three prior quarters was $256 million (Q2 2026), $241 million (Q1 2026) and $232 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | - |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | - |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | - |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | 254.00 Mn |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | - |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | - |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | - |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | - |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | - |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 254.00 Mn |
| Jun 30, 2026 | 256.00 Mn |
| 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 |
API Access
Robinhood Markets Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HOOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HOOD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HOOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();