Robinhood Markets, Inc. Reports February 2026 Operating Data

Rhea-AI Summary

Robinhood (NASDAQ: HOOD) reported February 2026 operating data: 27.4 million funded customers, $314.2B total platform assets (down 3% M/M, up 68% Y/Y), and $5.6B net deposits in February. Equity volumes were $194.4B; crypto volumes were $25.0B. Margin balances were $17.2B and cash and deposits $16.5B. Cash Sweep balances were $25.8B after program changes; total securities lending revenue was $25M.

Robinhood noted 12-month net deposits of $67.8B and continued preliminary unaudited reporting for the most recent fiscal period.

Positive

• Funded customers 27.4M (+1% M/M, +7% Y/Y)
• Total Platform Assets $314B (+68% Y/Y)
• Net Deposits $5.6B in February
• 12-month Net Deposits $67.8B (36% annual growth)
• Crypto notional volumes $25.0B (+74% Y/Y)

Negative

• Equity notional trading volumes down 14% M/M
• Total securities lending revenue down 26% M/M
• Event contracts traded down 29% M/M
• Cash Sweep balances down 18% M/M
• Securities Lending, Net of ($1)M in February

Key Figures

Funded Customers: 27.4M Total Platform Assets: $314B Net Deposits (month): $5.6B +5 more

8 metrics

Funded Customers 27.4M End of February 2026; up ~140k M/M and 1.74M Y/Y

Total Platform Assets $314B End of February 2026; down 3% M/M, up 68% Y/Y

Net Deposits (month) $5.6B February 2026; 21% annualized growth vs January 2026 assets

Net Deposits (LTM) $67.8B Last 12 months; 36% annual growth vs February 2025 assets

Equity Trading Volume $194.4B February 2026; down 14% M/M, up 36% Y/Y

Crypto Trading Volume $25.0B February 2026; up 9% M/M, up 74% Y/Y

Margin Balances $17.2B End of February 2026; down 7% M/M, up 98% Y/Y

Cash and Deposits $16.5B End of February 2026; up 41% M/M, up 67% Y/Y

Market Reality Check

Price: $73.39 Vol: Volume 22,348,018 vs 20-d...

normal vol

$73.39 Last Close

Volume Volume 22,348,018 vs 20-day avg 32,110,256 (relative volume 0.7x) ahead of the February metrics release. normal

Technical Shares at $78.69, trading below 200-day MA of $107.56 and 48.86% below the 52-week high, while up 165.31% from the 52-week low.

Peers on Argus

Sector peers show mixed moves: IBKR (+0.24%), FUTU (+0.10% in sector list; separ...

1 Up

Sector peers show mixed moves: IBKR (+0.24%), FUTU (+0.10% in sector list; separate momentum scan shows FUTU +0.78%), while SCHW, LPLA, and TW trade lower. Only FUTU appeared in the momentum scanner, suggesting today’s setup is more stock-specific than a broad capital-markets move.

Common Catalyst Peer headlines highlight Futu’s Q4 and full-year 2025 results and an LPLA wealth-management announcement, pointing to earnings and platform-growth themes across online brokers.

Historical Context

5 past events · Latest: Mar 06 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 06	RVI IPO pricing	Neutral	-4.3%	Pricing and sizing of Robinhood Ventures Fund I (RVI) closed-end fund IPO.
Feb 23	Conference appearance	Neutral	+2.2%	Announcement of CFO presentation at Citizens Technology Conference with webcast access.
Feb 19	Operating metrics update	Neutral	+0.6%	January 2026 operating data on customers, assets, volumes, margin, and buybacks.
Feb 17	RVI product intro	Neutral	-0.7%	Introduction of Robinhood Ventures Fund I as a vehicle for private-company exposure.
Feb 17	RVI IPO launch	Neutral	-0.7%	Launch of RVI IPO roadshow and terms, including overallotment and selling shareholder.

Pattern Detected

Recent HOOD news has been frequent and varied, with operating metrics updates seeing modestly positive reactions, while announcements around the Robinhood Ventures Fund I (RVI) IPO coincided with negative single-day moves.

Recent Company History

Over the last month, Robinhood reported January 2026 operating data on Feb 19 with 27.2M funded customers and $324.4B platform assets, then followed with February 2026 metrics in today’s release. The company also promoted and priced the Robinhood Ventures Fund I (RVI) IPO, where HOOD acted as a selling shareholder in part of the deal. A conference appearance on Feb 23 supplemented this flow. Today’s February metrics extend this pattern of detailed monthly disclosure on customer growth, trading activity, and interest-earning balances.

Market Pulse Summary

This announcement details February 2026 operating trends, highlighting funded customers of 27.4M, to...

Analysis

This announcement details February 2026 operating trends, highlighting funded customers of 27.4M, total platform assets of $314B, and monthly net deposits of $5.6B. Trading activity was mixed, with softer equity and options volumes but strong crypto growth at $25.0B. Interest-earning assets shifted as margin balances reached $17.2B and cash and deposits $16.5B. Investors may watch future monthly releases for consistency in asset inflows, trading volumes, and interest-related revenues.

Key Terms

average daily volumes, event contracts, cash sweep balances, securities lending, +1 more

5 terms

average daily volumes financial

"Average daily volumes (“ADVs”)1 were $10.2 billion..."

Average daily volumes measure the typical number of shares or contracts traded in a security each trading day over a chosen period. Think of it like average foot traffic through a store: higher numbers mean more buyers and sellers, making it easier to trade large positions without moving the price and often implying tighter transaction costs, while lower numbers signal less liquidity and a higher chance of price swings when trades occur.

event contracts financial

"Event Contracts Traded were 2.4 billion (down 29% from January 2026)."

Contracts whose payment or settlement depends solely on whether a specific, predefined event happens or not — for example a drug approval, a corporate takeover, a loan default, or a weather disaster. Think of them like a focused bet or insurance policy: investors can use them to take a targeted position, hedge exposure, or speculate on an outcome without owning the underlying company, and their results can rapidly change an investor’s gains, losses and risk profile when the event occurs.

cash sweep balances financial

"Cash Sweep balances at the end of February were $25.8 billion..."

Amounts automatically moved from a company's operating account into another designated use under a 'sweep' arrangement—commonly to repay debt or to park excess cash in short‑term investments. Investors watch cash sweep balances because they reveal how management is handling surplus cash: using it to lower borrowing, earn interest, or preserve liquidity, which directly affects debt levels, interest costs and short‑term financial flexibility.

securities lending financial

"Total Securities Lending Revenue in February was $25 million..."

Securities lending is when an owner of stocks or bonds temporarily loans them to another party, usually so the borrower can sell them short or meet settlement needs; the lender receives a fee and typically some form of security in return. Investors should care because lending can generate extra income on holdings and affects market liquidity and short-selling activity, much like renting out a spare room brings income while someone else uses the space.

daily average revenue trades (DARTs) financial

"Daily Average Revenue Trades (DARTs) (M)"

Daily average revenue trades (DARTs) measure the average number of transactions that generate revenue each day for a financial firm. Think of it as the number of sales made daily that contribute to the company's income. Higher DARTs indicate more active trading, which can suggest increased customer engagement and potentially higher revenue opportunities.

AI-generated analysis. Not financial advice.

MENLO PARK, Calif., March 12, 2026 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for February 2026.

• Funded Customers at the end of February were 27.4 million (up approximately 140 thousand from the end of January 2026, up approximately 1.74 million year-over-year).
  
• Total Platform Assets at the end of February were $314 billion (down 3% from the end of January 2026, up 68% year-over-year).
  
• Net Deposits were $5.6 billion in February, or a 21% annualized growth rate relative to January 2026 Total Platform Assets.
  
  • Over the last twelve months, Net Deposits were $67.8 billion, or an annual growth rate of 36% relative to February 2025 Total Platform Assets.

• Trading Volumes in February:
  • Equity Notional Trading Volumes were $194.4 billion (down 14% from January 2026, up 36% year-over-year). Average daily volumes (“ADVs”)¹ were $10.2 billion (down 11% from January 2026, up 36% year-over-year).
    
  • Options Contracts Traded were 180.3 million (down 10% from January 2026, up 9% year-over-year). ADVs were 9.5 million contracts (down 5% from January 2026, up 9% year-over-year).
    
  • Crypto Notional Trading Volumes were $25.0 billion (up 9% from January 2026, up 74% year-over-year), including Robinhood App Notional Trading Volumes of $9.4 billion (up 8% from January 2026, down 35% year-over-year) and Bitstamp Notional Trading Volumes of $15.6 billion (up 10% from January 2026). Robinhood App ADVs were $336 million (up 20% from January 2026, down 35% year-over-year), and Bitstamp ADVs were $557 million (up 22% from January 2026).
    
  • Event Contracts Traded were 2.4 billion (down 29% from January 2026). ADVs were 86 million (down 22% from January 2026).
    
• Interest Earning Assets in February:
  
  • Margin balances at the end of February were $17.2 billion (down 7% from the end of January 2026, up 98% year-over-year).
  • Cash and Deposit balances at the end of February were $16.5 billion (up 41% from the end of January 2026, up 67% year-over-year). In February 2026, we updated our brokerage High-Yield Cash program to fund growth in margin lending, which resulted in over $6 billion of Cash Sweep balances moving to free credit balances. These balances are now reflected in “Cash and Deposits” and customers continue to earn the same interest rate.
  • Cash Sweep balances at the end of February were $25.8 billion, which reflects the brokerage High-Yield Cash offering updates described above (down 18% from the end of January 2026, down 2% year-over-year).
    

• Total Securities Lending Revenue in February was $25 million (down 26% from January 2026, up 14% year-over-year). This includes Securities Lending, Net revenues of ($1) million⁷.
  
  

	February 2026		January 2026		M/M Change		February 2025		Y/Y Change
(M - in millions, B - in billions)
Funded Customer Growth (M)
Funded Customers	27.4		27.2		+1%		25.6		+7%
Asset Growth ($B)
Total Platform Assets	$314.2		$324.4		(3%)		$187.4		+68%
Net Deposits2	$5.6		$4.5		NM		$4.8		NM
Trading
Equities and Options Trading Days	19.0		20.0		(5%)		19.0		-
Crypto and Prediction Markets Trading Days	28		31		(10%)		28		-
Total Trading Volumes
Equity ($B)	$194.4		$227.3		(14%)		$142.9		+36%
Options Contracts (M)	180.3		200.0		(10%)		165.6		+9%
Crypto ($B)	$25.0		$22.9		+9%		$14.4		+74%
Robinhood App ($B)	$9.4		$8.7		+8%		$14.4		(35%)
Bitstamp ($B)	$15.6		$14.2		+10%		-		NA
Event Contracts (B)	2.4		3.4		(29%)		-		NA
Average Daily Trading Volumes1
Equity ($B)	$10.2		$11.4		(11%)		$7.5		+36%
Options Contracts (M)	9.5		10.0		(5%)		8.7		+9%
Crypto ($M)	$893		$739		+21%		$514		+74%
Robinhood App ($M)	$336		$281		+20%		$514		(35%)
Bitstamp ($M)	$557		$458		+22%		-		NA
Event Contracts (M)	86		110		(22%)		-		NA
Daily Average Revenue Trades (DARTs) (M)
Equity	2.6		2.8		(7%)		2.4		+8%
Options	1.3		1.3		-		1.2		+8%
Crypto3	0.5		0.5		-		0.7		(29%)
Interest Earning Assets ($B)
Margin Book	$17.2		$18.4		(7%)		$8.7		+98%
Cash and Deposits4 5	$16.5		$11.7		+41%		$9.9		+67%
Cash Sweep5	$25.8		$31.5		(18%)		$26.2		(2%)
Securities Lending ($M)
Total Securities Lending Revenue	$25		$34		(26%)		$22		+14%
Securities Lending, Net6	($1)		$4		NM		$6		NM

1. Average daily volumes (“ADVs”) defined as Total Trading Volume in a given period divided by the applicable number of trading days in said period.
2. Starting in June 2025, Net Deposits include results from Bitstamp. Net Deposits do not include results from TradePMR.
3. Crypto DARTs do not include Bitstamp Institutional activity.
4. We define Cash and Deposits as the period-end sum of cash and cash equivalents, restricted cash, segregated cash, cash equivalents, and securities under federal and other regulations, deposits with clearing organizations, and investments.
5. In February 2026, we updated our brokerage High-Yield Cash program to fund growth in margin lending. Under the updated program, the first $10 thousand in enrolled balances per eligible customer are held as free credit balances where the customer continues to earn the same interest rate. This resulted in over $6 billion of Cash Sweep balances moving to free credit balances in February 2026.
6. Securities Lending, Net includes net rebates for both margin based and fully paid securities lending, as well as interest on cash collateral for fully paid securities lending. It does not include interest on cash collateral for margin based securities lending.
7. Driven by lower demand for hard-to-borrow securities and continued lending of general collateral to fund margin growth.

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, through its subsidiaries, lets you trade stocks, options, futures, swaps (which include event contracts), and crypto, invest for retirement, earn with Robinhood Gold, and access an expert-managed portfolio with Robinhood Strategies. 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 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

Press: press@robinhood.com

FAQ

How many funded customers did HOOD report for February 2026?

Robinhood reported 27.4 million funded customers at the end of February 2026. According to the company, this was about +140 thousand from January and +1.74 million year-over-year, reflecting modest ongoing customer growth.

What were Robinhood's total platform assets (HOOD) at February 2026 close?

Total platform assets were $314.2 billion at the end of February 2026. According to the company, that figure was down 3% month-over-month but up 68% versus February 2025.

How much were HOOD's net deposits in February 2026 and over the past 12 months?

Net deposits were $5.6 billion in February 2026 and $67.8 billion over the last 12 months. According to the company, the 12-month figure implies a 36% annual growth rate relative to February 2025 platform assets.

What happened to Robinhood's equity and crypto trading volumes in February 2026?

Equity notional volumes were $194.4 billion (down 14% M/M); crypto notional volumes were $25.0 billion (up 9% M/M). According to the company, crypto was +74% year-over-year while equities were +36% year-over-year.

Why did Cash and Cash Sweep balances change for HOOD in February 2026?

Robinhood moved over $6 billion from Cash Sweep to free credit balances after updating its High-Yield Cash program. According to the company, this raised Cash and Deposits to $16.5B and reduced Cash Sweep to $25.8B.