Robinhood Markets income statement
In fiscal 2025, Robinhood Markets reported revenue of $4.47bn, up 51.6% on the year before and net income of $1.88bn, or $2.05 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 278 | 958 | 1,815 | 1,358 | 1,865 | 2,951 | 4,473 | 5,082 |
| Research and development | 28 | 52 | 438 | 381 | 349 | 323 | 355 | — |
| General and administrative | 86 | 295 | 1,371 | 924 | 1,169 | 455 | 628 | 714 |
| Net interest income | 71 | 177 | 256 | 424 | 929 | 1,109 | 1,514 | 1,574 |
| Income before tax | −108 | 13 | −3,685 | −1,027 | −533 | 1,064 | 2,108 | 2,406 |
| Income tax | −1 | 6 | 2 | 1 | 8 | −347 | 225 | 406 |
| Net income | −107 | 7 | −3,687 | −1,028 | −541 | 1,411 | 1,883 | 1,984 |
| Diluted EPS | −$0.24 | $0.01 | −$7.49 | −$1.17 | −$0.61 | $1.56 | $2.05 | $2.16 |
| Diluted shares (average) | 443m | 490m | 492m | 879m | 891m | 906m | 919m | 919m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,014 | 927 | 989 | 1,274 | 1,283 | 1,067 | 1,308 | 1,424 |
| General and administrative | 70 | 133 | 132 | 185 | 178 | 174 | 199 | 163 |
| Net interest income | 296 | 290 | 357 | 456 | 411 | 359 | 389 | 415 |
| Income before tax | 558 | 371 | 442 | 634 | 661 | 411 | 709 | 625 |
| Income tax | −358 | 35 | 56 | 78 | 56 | 65 | 136 | 149 |
| Net income | 916 | 336 | 386 | 556 | 605 | 350 | 561 | 468 |
| Diluted EPS | $1.01 | $0.37 | $0.42 | $0.61 | $0.66 | $0.38 | $0.62 | $0.51 |
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