Robinhood Markets, Inc. Reports October 2024 Operating Data
November 11 2024 - 3:05PM
Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported
select monthly operating data for October 2024:
- Funded Customers at the end of October were 24.4 million (up
approximately 90 thousand from September 2024, up over one million
year-over-year).
- Assets Under Custody (AUC) at the end of October were $159.7
billion (up 5% from September 2024, up 89% year-over-year). Net
Deposits were $5.2 billion in October, translating to a 41%
annualized growth rate relative to September 2024 AUC. Over the
last twelve months, Net Deposits were $43.2 billion, translating to
an annual growth rate of 51% relative to October 2023 AUC.
- Equity Notional Trading Volumes were $126.4 billion (up 48%
from September 2024, up 149% year-over-year). Options Contracts
Traded were 158.0 million (up 16% from September 2024, up 64%
year-over-year). Crypto Notional Trading Volumes were $5.6 billion
(up 51% from September 2024, up 143% year-over-year).
- Margin balances at the end of October were $6.2 billion (up 13%
from the end of September 2024, up 77% year-over-year).
- Total Cash Sweep balances at the end of October were $25.5
billion (up 4% from the end of September 2024, up 83%
year-over-year).
- Total Securities Lending Revenue in October was $19 million (up
6% from September 2024, up 73% year-over-year).
|
|
October2024 |
September2024 |
M/MChange |
October2023 |
Y/YChange |
| (M -
in millions, B - in billions) |
|
|
|
|
|
|
Funded Customer Growth (M) |
|
|
|
|
|
|
Funded Customers |
|
24.4 |
|
|
24.3 |
|
|
- |
|
|
23.3 |
|
|
5 |
% |
|
|
|
|
|
|
|
|
Assets Under Custody (AUC) ($B) |
|
|
|
|
|
| Total
AUC |
$159.7 |
|
$152.2 |
|
|
5 |
% |
$84.6 |
|
|
89 |
% |
| Net
Deposits |
$5.2 |
|
$2.5 |
|
|
NM |
|
$1.0 |
|
|
NM |
|
|
|
|
|
|
|
|
|
Trading |
|
|
|
|
|
|
Trading Days (Equities and Options) |
|
23 |
|
|
20 |
|
|
15 |
% |
|
22 |
|
|
5 |
% |
|
Total Trading Volumes |
|
|
|
|
|
|
Equity ($B) |
$126.4 |
|
$85.5 |
|
|
48 |
% |
$50.8 |
|
|
149 |
% |
|
Options Contracts (M) |
|
158.0 |
|
|
136.1 |
|
|
16 |
% |
|
96.6 |
|
|
64 |
% |
|
Crypto ($B) |
$5.6 |
|
$3.7 |
|
|
51 |
% |
$2.3 |
|
|
143 |
% |
|
|
|
|
|
|
|
| Daily
Average Revenue Trades (DARTs) (M) |
|
|
|
|
|
Equity |
|
2.0 |
|
|
2.0 |
|
|
- |
|
|
1.4 |
|
|
43 |
% |
|
Options |
|
0.9 |
|
|
0.9 |
|
|
- |
|
|
0.6 |
|
|
50 |
% |
|
Crypto |
|
0.2 |
|
|
0.2 |
|
|
- |
|
|
0.2 |
|
|
- |
|
|
|
|
|
|
|
|
|
Customer Margin and Cash Sweep ($B) |
|
|
|
|
|
Margin Book |
$6.2 |
|
$5.5 |
|
|
13 |
% |
$3.5 |
|
|
77 |
% |
|
Total Cash Sweep |
$25.5 |
|
$24.5 |
|
|
4 |
% |
$13.9 |
|
|
83 |
% |
|
Gold Cash Sweep |
$24.8 |
|
$23.9 |
|
|
4 |
% |
$13.2 |
|
|
88 |
% |
|
Non-Gold Cash Sweep |
$0.7 |
|
$0.6 |
|
|
17 |
% |
$0.7 |
|
|
- |
|
|
|
|
|
|
|
|
| Total
Securities Lending Revenue ($M) |
$19 |
|
$18 |
|
|
6 |
% |
$11 |
|
|
73 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For definitions and additional information regarding these
metrics, please refer to Robinhood’s full monthly metrics release,
which is available on investors.robinhood.com.
The information in this release is unaudited and the information
for the months in the most recent fiscal quarter is preliminary,
based on Robinhood’s estimates, and subject to completion of
financial closing procedures. Final results for the most recent
fiscal quarter, as reported in Robinhood’s quarterly and annual
filings with the U.S. Securities and Exchange Commission (“SEC”),
might vary from the information in this release.
About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial
services by introducing commission-free stock trading and
democratizing access to the markets for millions of investors.
Today, Robinhood lets you trade stocks, options, commodity
interests, and crypto, invest for retirement, and earn with
Robinhood Gold. Headquartered in Menlo Park, California, Robinhood
puts customers in the driver's seat, delivering unprecedented value
and products intentionally designed for a new generation of
investors. Additional information about Robinhood can be found at
www.robinhood.com.
Robinhood uses the “Overview” tab of its Investor Relations
website (accessible at investors.robinhood.com/overview) and its
Newsroom (accessible at newsroom.aboutrobinhood.com), as means of
disclosing information to the public in a broad, non-exclusionary
manner for purposes of the U.S. Securities and Exchange
Commission's (“SEC”) Regulation Fair Disclosure (Reg. FD).
Investors should routinely monitor those web pages, in addition to
Robinhood’s press releases, SEC filings, and public conference
calls and webcasts, as information posted on them could be deemed
to be material information.
“Robinhood” and the Robinhood feather logo are registered
trademarks of Robinhood Markets, Inc. All other names are
trademarks and/or registered trademarks of their respective
owners.
Contacts
Investor Relations
ir@robinhood.com
Media
press@robinhood.com
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