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| Date | Value |
|---|---|
| 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 |