Robinhood Markets, Inc. Reports May 2026 Operating Data

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Robinhood (NASDAQ: HOOD) reported May 2026 operating metrics, showing growth in customers, assets, and trading activity. Funded customers reached 27.7 million, and total platform assets were $377 billion, up 9% month-over-month and 48% year-over-year.

Equity notional trading volume was $315.3 billion (+27% M/M, +75% Y/Y), options contracts were 231.1 million (+3% M/M, +29% Y/Y), and crypto volumes were $12.2 billion (+3% M/M, +4% Y/Y). Margin balances rose to $19.5 billion, up 117% year-over-year.

AI-generated analysis. Not financial advice.

Positive

Total platform assets $377B, up 9% M/M and 48% Y/Y
Funded customers 27.7M, up about 1.76M year-over-year
Equity trading volume $315.3B, up 27% M/M and 75% Y/Y
Options contracts 231.1M, up 29% year-over-year
Margin book $19.5B, up 8% M/M and 117% Y/Y
Total securities lending revenue $36M, up 13% M/M and 9% Y/Y

Negative

Robinhood App crypto volume $5.9B, down 50% year-over-year
Robinhood App crypto ADVs $190M, down 50% year-over-year
Cash Sweep balances $28.8B, down 6% year-over-year
Securities Lending, Net $5M, down 62% year-over-year
Net deposits $5.6B in May vs. $6.0B in April

Key Figures

Funded Customers: 27.7 million Total Platform Assets: $377.0B Net Deposits (May): $5.6B +5 more

8 metrics

Funded Customers 27.7 million End of May 2026; up ~1.76M year-over-year

Total Platform Assets $377.0B End of May 2026; +9% M/M, +48% Y/Y

Net Deposits (May) $5.6B May 2026 monthly net deposits; annualized 19% vs April assets

Equity Trading Volume $315.3B Total equity notional trading volume in May 2026; +27% M/M, +75% Y/Y

Options Contracts Traded 231.1M Total options contracts in May 2026; +3% M/M, +29% Y/Y

Event Contracts Traded 3.9B Event contracts volume in May 2026; +22% M/M

Margin Book $19.5B Margin balances end of May 2026; +8% M/M, +117% Y/Y

Total Securities Lending Revenue $36M May 2026; +13% vs April 2026, +9% Y/Y

Market Reality Check

Price: $85.04 Vol: Volume 5,144,423 vs 20-da...

low vol

$85.04 Last Close

Volume Volume 5,144,423 vs 20-day average 26,144,104, indicating relatively light trading ahead of this update. low

Technical Price $85.04 is trading below the 200-day MA $103.07, reflecting a weaker medium-term trend before this release.

Peers on Argus

HOOD was down 4.36% pre-news while key peers were mixed: IBKR at -1.12%, SCHW at...

1 Up 1 Down

HOOD was down 4.36% pre-news while key peers were mixed: IBKR at -1.12%, SCHW at -0.19%, FUTU at +0.18%, and LPLA at -0.42%, suggesting stock-specific factors rather than a unified sector move.

Historical Context

5 past events · Latest: May 28 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 28	Conference presentation	Neutral	+11.2%	Piper Sandler conference appearance with scheduled executive presentation and webcast.
May 20	Conference presentation	Neutral	+0.2%	Bernstein conference participation with CFO presentation and webcast access.
May 13	Monthly operating data	Positive	+5.2%	April 2026 metrics showing growth in customers, assets, and trading activity.
May 12	Conference presentation	Neutral	-1.9%	J.P. Morgan conference appearance with brokerage leadership presenting.
May 07	Earnings update	Positive	-3.5%	Orion Digital Q1 2026 results with higher EBITDA, cash, and wealth AUM.

Pattern Detected

Recent operating metric releases have coincided with positive price reactions, while conference appearances and third-party reports have produced more mixed outcomes.

Recent Company History

Over the last month, HOOD has issued several updates. The April 2026 operating data on May 13 highlighted growth in funded customers, platform assets, and trading activity and coincided with a +5.15% move. Multiple conference participation announcements in May saw modest or mixed reactions. A separate Orion Digital Q1 2026 report on May 7 was associated with a -3.5% move. Against this backdrop, May 2026 operating metrics extend the theme of growing customers, assets, and trading volumes.

Market Pulse Summary

This announcement highlights continued growth in Robinhood’s operating base, with funded customers r...

Analysis

This announcement highlights continued growth in Robinhood’s operating base, with funded customers reaching 27.7M, total platform assets at $377B, and equity trading volumes of $315.3B in May. Options and event contracts also expanded, while margin balances climbed to $19.5B. Compared with April’s metrics, the release extends a trend of higher activity. Investors may watch future updates for the durability of trading volumes, the balance between margin and cash, and the trajectory of crypto and cash sweep balances.

Key Terms

average daily volumes, daily average trades, securities lending, restricted stock units, +4 more

8 terms

average daily volumes technical

"Average daily volumes (“ADVs”)1 were $15.8 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.

daily average trades technical

"Daily Average Trades (“DATs”) defined as the total number of trades..."

The daily average trades is the average number of executed buy or sell orders in a security per trading day over a chosen time period. It matters because it shows how often shares change hands — like counting cars passing a junction — which signals liquidity and investor interest; higher averages make it easier and cheaper to enter or exit a position and can reduce price swings when you trade.

securities lending financial

"Total Securities Lending Revenue in May was $36 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.

restricted stock units financial

"received a grant of 3,289 restricted stock units (RSUs)..."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

rule 10b5-1 trading plan regulatory

"sales were executed under a pre‑arranged Rule 10b5‑1 trading plan..."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

cash sweep financial

"This resulted in over $6 billion of Cash Sweep balances moving..."

An arrangement that automatically uses a company’s excess cash to pay down debt or move money into a designated account instead of leaving it idle. Think of it like a household automatically applying any paycheck remainder to a mortgage: it reduces outstanding loans and interest costs but can also limit cash available for dividends, share buybacks, or new projects. Investors watch cash sweeps because they affect a firm’s leverage, interest expense, and short-term flexibility.

segregated cash financial

"cash and cash equivalents, restricted cash, segregated cash, cash equivalents..."

Segregated cash is money that a broker, bank, or fund keeps in a separate account for a client instead of mixing it with the firm’s own funds, like putting a customer’s jewelry in its own locked safe rather than the company drawer. It matters to investors because those funds are protected if the firm gets into trouble or goes bankrupt, improving the chance of recovering your money and reducing counterparty and credit risk.

fully paid securities lending financial

"includes net rebates for both margin based and fully paid securities lending..."

Fully paid securities lending is when an investor temporarily loans stocks or bonds they own outright to another party in exchange for collateral and a fee, while retaining ultimate ownership. Think of it like lending a car for a rental fee: you get income, but the borrower drives it and some rights—such as voting—may be limited or require compensation. Investors use it to earn extra return, but it adds counterparty and recall risk that can affect portfolio control and cash flow.

AI-generated analysis. Not financial advice.

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06/09/2026 - 04:05 PM

MENLO PARK, Calif., June 09, 2026 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for May 2026.

Funded Customers at the end of May were 27.7 million (up approximately 110 thousand from the end of April 2026, up approximately 1.76 million year-over-year).
Total Platform Assets at the end of May were $377 billion (up 9% from the end of April 2026, up 48% year-over-year).
Net Deposits were $5.6 billion in May, or a 19% annualized growth rate relative to April 2026 Total Platform Assets.
- Over the last twelve months, Net Deposits were $69.1 billion, or an annual growth rate of 27% relative to May 2025 Total Platform Assets.
Trading Volumes in May:
- Equity Notional Trading Volumes were $315 billion (up 27% from April 2026, up 75% year-over-year). Average daily volumes (“ADVs”)¹ were $15.8 billion (up 34% from April 2026, up 84% year-over-year).
- Options Contracts Traded were 231 million (up 3% from April 2026, up 29% year-over-year). ADVs were 11.6 million contracts (up 8% from April 2026, up 35% year-over-year).
- Crypto Notional Trading Volumes were $12.2 billion (up 3% from April 2026, up 4% year-over-year), including Robinhood App Notional Trading Volumes of $5.9 billion (up 9% from April 2026, down 50% year-over-year) and Bitstamp Notional Trading Volumes of $6.3 billion (down 3% from April 2026). Robinhood App ADVs were $190 million (up 6% from April 2026, down 50% year-over-year), and Bitstamp ADVs were $203 million (down 6% from April 2026).
- Event Contracts Traded were 3.9 billion (up 22% from April 2026). ADVs were 126 million contracts (up 18% from April 2026).
Interest Earning Assets in May:
- Margin balances at the end of May were $19.5 billion (up 8% from the end of April 2026, up 117% year-over-year).
- Cash and Deposit balances at the end of May were $18.6 billion (up 3% from the end of April 2026, up 54% year-over-year).
- Cash Sweep balances at the end of May were $28.8 billion (up 4% from the end of April 2026, down 6% year-over-year).
Total Securities Lending Revenue in May was $36 million (up 13% from April 2026, up 9% year-over-year). This includes Securities Lending, Net revenues of $5 million.

	May 2026	April 2026	M/M Change	May 2025	Y/Y Change
(M - in millions, B - in billions)
Funded Customer Growth (M)
Funded Customers	27.7	27.6	-	25.9	+7%

Asset Growth ($B)
Total Platform Assets	$377.0	$345.4	+9%	$255.3	+48%
Net Deposits²	$5.6	$6.0	NM	$3.5	NM

Trading
Equities and Options Trading Days	20.0	21.0	(5%)	21.0	(5%)
Crypto and Prediction Markets Trading Days	31	30	+3%	31	-

Total Trading Volumes
Equity ($B)	$315.3	$248.5	+27%	$180.5	+75%
Options Contracts (M)	231.1	224.8	+3%	179.8	+29%
Crypto ($B)	$12.2	$11.9	+3%	$11.7	+4%
Robinhood App ($B)	$5.9	$5.4	+9%	$11.7	(50%)
Bitstamp ($B)	$6.3	$6.5	(3%)	-	NA
Event Contracts (B)	3.9	3.2	+22%	0.3	NM

Average Daily Trading Volumes¹
Equity ($B)	$15.8	$11.8	+34%	$8.6	+84%
Options Contracts (M)	11.6	10.7	+8%	8.6	+35%
Crypto ($M)	$393	$397	(1%)	$377	+4%
Robinhood App ($M)	$190	$180	+6%	$377	(50%)
Bitstamp ($M)	$203	$217	(6%)	-	NA
Event Contracts (M)	126	107	+18%	10	NM

Daily Average Trades (DATs) (M)³
Equity	4.8	4.0	+20%	3.1	+55%
Options	1.5	1.3	+15%	1.2	+25%
Crypto	0.7	0.6	+17%	0.5	+40%

Interest Earning Assets ($B)
Margin Book	$19.5	$18.0	+8%	$9.0	+117%
Cash and Deposits^{4 5}	$18.6	$18.1	+3%	$12.1	+54%
Cash Sweep⁵	$28.8	$27.6	+4%	$30.8	(6%)

Securities Lending ($M)
Total Securities Lending Revenue	$36	$32	+13%	$33	+9%
Securities Lending, Net⁶	$5	$3	+67%	$13	(62%)

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. Starting in March 2026, Net Deposits include results from TradePMR (March 2026 Net Deposits included TradePMR Net Deposits for all of Q1 2026).
3. Daily Average Trades (“DATs”) defined as the total number of trades for a given asset class executed during a given period divided by the number of trading days for a given asset class in that period. For crypto, the number of trading days is equal to the number of calendar days in the month.
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.

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) is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors. Additional information about Robinhood can be found at 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 Robinhood (HOOD) have in May 2026?

Robinhood reported 27.7 million funded customers at the end of May 2026. According to Robinhood, this was an increase of about 110,000 from April 2026 and approximately 1.76 million higher than May 2025, indicating continuing account growth on the platform.

What were Robinhood (HOOD) total platform assets in May 2026?

Robinhood total platform assets reached $377 billion at the end of May 2026. According to Robinhood, this was up 9% from April 2026 and 48% year-over-year, reflecting higher customer balances, market performance, and ongoing net deposits across the platform.

How did Robinhood (HOOD) equity trading volumes perform in May 2026?

Robinhood reported May 2026 equity notional trading volumes of $315.3 billion. According to Robinhood, this represented a 27% increase versus April 2026 and a 75% rise year-over-year, with average daily equity volumes of $15.8 billion, up 34% month-over-month and 84% year-over-year.

What were Robinhood (HOOD) crypto trading volumes in May 2026?

Crypto notional trading volumes were $12.2 billion in May 2026. According to Robinhood, this was up 3% from April and 4% year-over-year, including $5.9 billion on the Robinhood app and $6.3 billion on Bitstamp, with app volumes down 50% year-over-year.

How much did Robinhood (HOOD) margin balances grow by May 2026?

Robinhood margin balances reached $19.5 billion at the end of May 2026. According to Robinhood, this was up 8% from April 2026 and 117% year-over-year, highlighting strong growth in margin borrowing as part of its interest-earning assets portfolio.

What net deposits did Robinhood (HOOD) report for May 2026 and the last 12 months?

Robinhood reported $5.6 billion in net deposits for May 2026. According to Robinhood, net deposits over the last twelve months totaled $69.1 billion, representing a 27% annual growth rate relative to May 2025 total platform assets, indicating sustained inflows.