Robinhood Markets, Inc. Reports May 2025 Operating Data

Rhea-AI Summary

Robinhood Markets (NASDAQ: HOOD) reported strong operating metrics for May 2025, with Total Platform Assets reaching $255 billion, up 10% from April and 89% year-over-year. The company maintained 25.9 million Funded Customers, adding 5,000 new accounts despite escheatment of 100,000 low-balance accounts. Trading volumes showed significant growth across all segments: Equity trading volumes increased 108% YoY to $180.5B, Options contracts rose 36% YoY to 179.8M, and Crypto trading volumes grew 65% YoY to $11.7B. Net Deposits were $3.5B, representing an 18% annualized growth rate. Margin balances doubled YoY to $9.0B, while Cash Sweep balances increased 52% YoY to $30.8B. Securities Lending Revenue grew 43% YoY to $33M.

Positive

• Total Platform Assets grew significantly by 89% year-over-year to $255 billion
• Strong trading volume growth across all segments with equity trading up 108% YoY
• Margin balances doubled year-over-year to $9.0 billion, indicating increased customer engagement
• Net Deposits showed robust growth with $59.1 billion over the last twelve months, representing 44% annual growth rate
• Securities Lending Revenue increased 43% year-over-year to $33 million

Negative

• Monthly customer growth was minimal with only 5,000 new funded accounts
• Loss of approximately 100,000 low-balance accounts due to escheatment
• Monthly Net Deposits decreased from $6.8 billion in April to $3.5 billion in May

Insights

Financial Analyst

Robinhood shows exceptional growth with 89% YoY increase in assets and doubling of margin balances, indicating strong business momentum.

Robinhood's May 2025 operating data reveals remarkable growth across all key performance metrics. Total platform assets reached $255.3 billion, surging 89% year-over-year, significantly outpacing the 7% growth in funded customers. This divergence signals substantially higher average account values, showing improved monetization potential per user.

Trading activity demonstrates robust user engagement with equity trading volumes of $180.5 billion (108% YoY increase), options contracts at 179.8 million (36% YoY increase), and crypto volumes at $11.7 billion (65% YoY increase). These elevated trading levels directly impact transaction-based revenue streams.

The 100% year-over-year growth in margin balances to $9.0 billion is particularly significant as margin lending typically generates high-margin revenue through interest spreads. Similarly, cash sweep balances increased 52% to $30.8 billion, providing Robinhood with substantial low-cost capital.

While monthly funded customer growth appears modest at 5,000, this figure comes after escheatment of approximately 100,000 low-balance accounts, suggesting stronger underlying acquisition rates. The recently completed Bitstamp acquisition (not reflected in May figures) adds approximately 500,000 funded customers, representing an immediate 2% boost to the customer base.

The 44% annual growth rate in 12-month net deposits ($59.1 billion) demonstrates strong platform stickiness and customer trust, creating a virtuous cycle for further asset accumulation. Securities lending revenue jumped 43% year-over-year to $33 million, highlighting effective asset utilization.

MENLO PARK, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for May 2025.

• Funded Customers at the end of May were 25.9 million (up about 5 thousand from April 2025, up 1.8 million year-over-year). In May, Funded Customers grew by approximately 5 thousand after the impact of required escheatment of approximately 100 thousand low-balance accounts.
  
  
• Total Platform Assets at the end of May were $255 billion (up 10% from April 2025, up 89% year-over-year). Net Deposits were $3.5 billion in May, or a 18% annualized growth rate relative to April 2025 Total Platform Assets. Over the last twelve months, Net Deposits were $59.1 billion, or an annual growth rate of 44% relative to May 2024 Total Platform Assets.
  
  
• Equity Notional Trading Volumes were $180.5 billion (up 14% from April 2025, up 108% year-over-year). Options Contracts Traded were 179.8 million (up 7% from April 2025, up 36% year-over-year). Crypto Notional Trading Volumes were $11.7 billion (up 36% from April 2025, up 65% year-over-year).
  
  
• Margin balances at the end of May were $9.0 billion (up 7% from the end of April 2025, up 100% year-over-year).
  
  
• Total Cash Sweep balances at the end of May were $30.8 billion (up 7% from the end of April 2025, up 52% year-over-year).
  
  
• Total Securities Lending Revenue in May was $33 million (up 32% from April 2025, up 43% year-over-year).
  
  
• May 2025 results do not include the benefit of the Bitstamp acquisition which closed on June 2, 2025, including its approximately 500 thousand funded customers.
  
  

	May 2025	April 2025	M/M Change	May 2024	Y/Y Change
(M - in millions, B - in billions)
Funded Customer Growth (M)
Funded Customers	25.9	25.9	-	24.1	+7%
Asset Growth ($B)
Total Platform Assets	$255.3	$232.3	+10%	$135.0	+89%
Net Deposits1	$3.5	$6.8	NM	$3.6	NM
Trading
Trading Days (Equities and Options)	21	21	-	22	(5%)
Total Trading Volumes
Equity ($B)	$180.5	$157.8	+14%	$86.8	+108%
Options Contracts (M)	179.8	167.5	+7%	131.9	+36%
Crypto ($B)	$11.7	$8.6	+36%	$7.1	+65%
Daily Average Revenue Trades (DARTs) (M)
Equity	2.3	2.3	-	2.0	+15%
Options	1.2	1.2	-	0.8	+50%
Crypto	0.5	0.5	-	0.3	+67%
Customer Margin and Cash Sweep ($B)
Margin Book	$9.0	$8.4	+7%	$4.5	+100%
Total Cash Sweep	$30.8	$28.9	+7%	$20.3	+52%
Gold Cash Sweep	$28.8	$26.9	+7%	$19.6	+47%
Non-Gold Cash Sweep	$2.0	$2.0	-	$0.7	186%
Total Securities Lending Revenue ($M)	$33	$25	+32%	$23	+43%

Note: Does not reflect the acquisition of Bitstamp, which closed on June 2, 2025.

1. Net Deposits do not include results from TradePMR.

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 lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. 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

Media
press@robinhood.com

FAQ

What was Robinhood's (HOOD) customer growth in May 2025?

Robinhood added approximately 5,000 new funded customers in May 2025, reaching 25.9 million total funded customers, despite losing 100,000 low-balance accounts to escheatment.

How much did Robinhood's (HOOD) trading volumes grow in May 2025?

Equity trading volumes grew 108% YoY to $180.5B, Options contracts increased 36% YoY to 179.8M, and Crypto trading volumes rose 65% YoY to $11.7B.

What was the total value of assets on Robinhood's platform in May 2025?

Robinhood's Total Platform Assets reached $255.3 billion, up 10% from April 2025 and up 89% year-over-year.

How much revenue did Robinhood generate from Securities Lending in May 2025?

Robinhood generated $33 million in Securities Lending Revenue, up 32% from April 2025 and up 43% year-over-year.

What was Robinhood's Net Deposit growth rate in May 2025?

Net Deposits were $3.5 billion in May, representing an 18% annualized growth rate relative to April 2025 Total Platform Assets.