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

Robinhood Markets (HOOD) posted quarterly Research & Development of $241.0 million for Q1 2026, up 12.62% YoY from $214.0 million in Q1 2025, and up 3.88% sequentially from $232.0 million in Q4 2025.

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

Robinhood Markets has disclosed Research & Development across 7 years of filings, most recently posting $241.0 million for Q1 2026.

  • In Q1 2026, Research & Development rose 12.62% year-over-year to $241.0 million; the TTM figure through Mar 2026 stood at $924.0 million (up 10.53% YoY), while the FY2025 annual figure was $897.0 million, up 9.66% from the prior year.
  • Research & Development rose to $241.0 million in Q1 2026, from $232.0 million in the prior quarter.
  • Over the last five years, Research & Development for HOOD reached as high as $268.0 million in Q1 2022 and fell as low as $180.0 million in Q4 2022.
  • The 5-year median for Research & Development is $208.0 million (2024), against an average of $214.1 million.
  • The widest YoY moves for Research & Development: up 129.06% in 2022, down 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.
  • According to Business Quant data, Research & Development over the past three periods registered $241.0 million, $232.0 million, and $237.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 1.15 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 583.00 Mn
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 241.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 23.47 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 39.55 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 27.87 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