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Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for January 2024:
- Funded Customers at the end of January were 23.5 million, up approximately 120 thousand from December 2023(1).
- Assets Under Custody (AUC) at the end of January were $102.4 billion, roughly flat to December 2023. Net Deposits were $3.8 billion in January, translating to a 44% annualized growth rate relative to December 2023 AUC. Over the last twelve months, Net Deposits were $19.5 billion, translating to an annual growth rate of 26% relative to January 2023 AUC.
- Trading Volumes in January were higher for options, and lower for equities and crypto relative to December 2023. Equity Notional Trading Volumes were $59.3 billion (down 6%). Options Contracts Traded were 106.2 million (up 2%). Crypto Notional Trading Volumes were $5.9 billion (down 9%).
- Margin Balances at the end of January were $3.6 billion, up 3% from December 2023.
- Total Cash Sweep Balances at the end of January were $16.8 billion, up $0.4 billion (2%) from the end of December 2023.
- Total Securities Lending Revenue in January was $12 million, unchanged from December 2023.
| January 2024 |
December 2023 |
M/M Change |
January 2023 |
Y/Y Change |
|
| (M - in millions, B - in billions) | |||||
| Funded Customer Growth (M) | |||||
| Funded Customers1 | 23.5 | 23.4 | - | 23.0 | 2 % |
| Assets Under Custody (AUC) ($B) | |||||
| Total AUC | $102.4 | $102.6 | - | $74.7 | 37 % |
| Net Deposits | $3.8 | $2.2 | NM | $1.4 | NM |
| Trading | |||||
| Trading Days (Equities and Options) | 21 | 20 | 5 % | 20 | 5 % |
| Total Trading Volumes | |||||
| Equity ($B) | $59.3 | $63.2 | (6 %) | $46.0 | 29 % |
| Options Contracts (M) | 106.2 | 104.5 | 2 % | 82.9 | 28 % |
| Crypto ($B) | $5.9 | $6.5 | (9 %) | $3.7 | 59 % |
| Daily Average Revenue Trades (DARTs) (M) | |||||
| Equity | 1.7 | 1.8 | (6 %) | 1.5 | 13 % |
| Options | 0.7 | 0.6 | 17 % | 0.6 | 17 % |
| Crypto | 0.3 | 0.3 | - | 0.3 | - |
| Customer Margin and Cash Sweep Balances ($B) | |||||
| Margin Book | $3.6 | $3.5 | 3 % | $3.0 | 20 % |
| Total Cash Sweep | $16.8 | $16.4 | 2 % | $7.1 | 137 % |
| Gold Cash Sweep | $16.1 | $15.7 | 3 % | $6.0 | 168 % |
| Non-Gold Cash Sweep | $0.7 | $0.7 | - | $1.1 | (36 %) |
| Total Securities Lending Revenue ($M) | $12 | $12 | - | $13 | (8 %) |
(1) Funded Customers previously referred to as Net Cumulative Funded Accounts (NCFA). Funded Customers includes unique persons who have at least one account with a Robinhood entity.
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.
