Robinhood Markets, Inc. (HOOD) Stock

Robinhood Markets, Inc. (HOOD) is a Financials stock trading at $95.14 (as of 2026-08-20), with a market capitalization of $86.77B and a trailing P/E of 41.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Robinhood Markets, Inc. operates a financial services platform in the United States that enables users to trade and invest in stocks, ETFs, options, gold, and cryptocurrencies. The company also provides education and news content through features such as Snacks and Learn, plus tools like watchlists and alerts, and offers cash management services.

Understand Robinhood Markets, Inc.: how it makes money

Robinhood Markets runs a U.S. investing platform that lets users trade stocks, ETFs, options, gold, and cryptocurrencies, and it makes money from transaction-based revenue, net interest revenue, and subscription revenue such as Gold.

Robinhood's profit model is structurally driven by a mix of customer activity (transaction-based revenues), customer balances that support interest income (net interest revenues), and recurring subscription monetization (Gold subscription revenue).

Revenue by segment (latest quarter)
Transaction-based$0.6B
Net interest$0.4B
Gold subscriptions$0.2B

Business quality (Strong): Clear operating drivers exist in the provided KPIs (net deposits, assets under custody, and Gold subscriber count), but the segment view available here is partial and includes overlap risk because some detailed revenue line items (such as crypto and options) are not shown as mutually exclusive reportable segments in the provided inputs.

Valuation: At 48× earnings, HOOD trades 43% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Net deposits and assets under custody are measurable and sizable: The company reports net deposits (North Star KPI) and assets under custody, with values shown as USD_B, which gives a direct view of how customer inflows are building the platform.
  • Gold appears to contribute recurring revenue: The company reports gold subscribers (count) and gold subscription revenue annualized (USD_B), indicating an ongoing monetization stream alongside trading-related revenue.

Bear case

  • Revenue mix may be sensitive to customer trading and balance levels: With the business monetizing transaction-based revenues and net interest revenues, changes in trading activity or in the balances that drive interest-earning assets could pressure revenue.
  • Crypto and options are notable revenue categories but can be volatile: The inputs include cryptocurrencies revenue and options revenue, so performance could be affected by changes in user demand or market conditions affecting these products.
Valuation — source: SEC EDGAR (first-party)
Price$95.14
Market Cap$86.77B
P/E Ratio41.9
EV / EBITDA29.2
Price / Book9.09
Price / Sales17.59
DCF Value (model)$28.69
DCF Upside vs Price-69.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.47B
Net Margin42.1%
Revenue Growth (YoY)32.3%
EPS Growth (YoY)40.9%
Financial Health — source: SEC EDGAR
Altman Z-Score2.27 (grey)
Valuation vs Sector & Industry
Stock P/E41.9
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector176.7%
vs Industry21.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)57
Top Institutional HolderVANGUARD GROUP INC ($10.83B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorFinancials
IndustryTrading
CEOVladimir Tenev
Employees2,300
CountryUS
IPO Date2021-07-29

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HOOD earnings history · HOOD institutional & insider holders · HOOD KPIs & operating metrics · HOOD financials · HOOD investor presentations & press releases · HOOD SEC filings · HOOD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.