Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for August 2024:
- Funded Customers at the end of August were 24.3 million (up approximately 60 thousand from July 2024, up over one million year-over-year).
- Assets Under Custody (AUC) at the end of August were $143.6 billion (down 1% from July 2024, up 60% year-over-year). Net Deposits were $3.3 billion in August, translating to a 27% annualized growth rate relative to July 2024 AUC. Over the last twelve months, Net Deposits were $37.5 billion, translating to an annual growth rate of 42% relative to August 2023 AUC.
- Equity Notional Trading Volumes were $96.2 billion (down 8% from July 2024, up 61% year-over-year). Options Contracts Traded were 146.9 million (down 8% from July 2024, up 37% year-over-year). Crypto Notional Trading Volumes were $5.4 billion (up 2% from July 2024, up 145% year-over-year).
- Margin balances at the end of August were $5.5 billion (up 2% from the end of July 2024, up 57% year-over-year).
- Total Cash Sweep balances at the end of August were $22.8 billion (up 5% from the end of July 2024, up 71% year-over-year).
- Total Securities Lending Revenue in August was $18 million (down 14% from July 2024, up 6% year-over-year).
| August 2024 |
July 2024 |
M/M Change |
August 2023 |
Y/Y Change |
||||||
| (M - in millions, B - in billions) | ||||||||||
| Funded Customer Growth (M) | ||||||||||
| Funded Customers | 24.3 | 24.2 | - | 23.2 | 5% | |||||
| Assets Under Custody (AUC) ($B) | ||||||||||
| Total AUC | $143.6 | $144.5 | (1%) | $89.7 | 60% | |||||
| Net Deposits | $3.3 | $4.2 | NM | $1.6 | NM | |||||
| Trading | ||||||||||
| Trading Days (Equities and Options) | 22 | 22 | - | 23 | (4%) | |||||
| Total Trading Volumes | ||||||||||
| Equity ($B) | $96.2 | $104.4 | (8%) | $59.8 | 61% | |||||
| Options Contracts (M) | 146.9 | 160.5 | (8%) | 107.3 | 37% | |||||
| Crypto ($B) | $5.4 | $5.3 | 2% | $2.2 | 145% | |||||
| Daily Average Revenue Trades (DARTs) (M) | ||||||||||
| Equity | 1.9 | 2.1 | (10%) | 1.5 | 27% | |||||
| Options | 0.9 | 0.9 | - | 0.6 | 50% | |||||
| Crypto | 0.3 | 0.3 | - | 0.2 | 50% | |||||
| Customer Margin and Cash Sweep ($B) | ||||||||||
| Margin Book | $5.5 | $5.4 | 2% | $3.5 | 57% | |||||
| Total Cash Sweep | $22.8 | $21.8 | 5% | $13.3 | 71% | |||||
| Gold Cash Sweep | $22.2 | $21.2 | 5% | $12.6 | 76% | |||||
| Non-Gold Cash Sweep | $0.6 | $0.6 | - | $0.7 | (14%) | |||||
| Total Securities Lending Revenue ($M) | $18 | $21 | (14%) | $17 | 6% | |||||
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.
