Robinhood Markets, Inc. reports operating data for August 2024

MENLO PARK, Calif., Sept. 9, 2024 (GLOBE NEWSWIRE) — Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced select monthly operating data for August 2024:

At the end of August, there were 24.3 million financed customers (an increase of around 60,000 compared to July 2024 and over a million compared to the previous year).
Assets under custody (AUC) at the end of August were $143.6 billion (a 1% decrease from July 2024, a 60% increase year-on-year). Net deposits were $3.3 billion in August, representing an annualized growth rate of 27% from July 2024 AUC. For the last twelve months, net deposits were $37.5 billion, representing an annualized growth rate of 42% from August 2023 AUC.
Notional trading volume in equities amounted to $96.2 billion (a decrease of 8% from July 2024, an increase of 61% year-on-year). 146.9 million options contracts were traded (a decrease of 8% from July 2024, an increase of 37% year-on-year). Notional trading volume in cryptocurrencies amounted to $5.4 billion (a increase of 2% from July 2024, an increase of 145% year-on-year).
Margin balances were $5.5 billion at the end of August (up 2% from the end of July 2024 and 57% year-on-year).
Total cash sweep balances were $22.8 billion at the end of August (up 5% from the end of July 2024, up 71% year-on-year).
Total securities lending revenues in August were $18 million (a decrease of 14% from July 2024, an increase of 6% year-on-year).

	August 2024	July 2024	M/M Change	August 2023	Y/Y Change
(M – in millions, B – in billions)
Funded customer growth (M)
Financed customers	24.3	24.2	–	23.2	5%

Assets under custody (AUC) (USD billion)
Total AUC	143,60 €	144.5 USD	(1%)	$89.7	60%
Net deposits	3,3 €	4.2 USD	NM	1.6 USD	NM

Trade
Trading days (stocks and options)	22	22	–	23	(4%)
Total trading volume
Equity (billion USD)	$96.2	$104.4	(8%)	$59.8	61%
Options contracts (M)	146.9	160.5	(8%)	107.3	37%
Crypto ($B)	5.4 USD	5,3 €	2%	2.2 USD	145%

Average Daily Sales Transactions (DARTs) (M)
Equity capital	1.9	2.1	(10%)	1.5	27%
Options	0.9	0.9	–	0.6	50%
Crypto	0.3	0.3	–	0.2	50%

Customer margin and cash sweep (billion USD)
Margin book	5.5 USD	5.4 USD	2%	3,5 €	57%
Total cash holdings	22,80 €	21,80 €	5%	$13.3	71%
Gold Cash Sweep	22.2 USD	21.2 USD	5%	$12.6	76%
Non-gold cash sweep	0.6 USD	0.6 USD	–	0.7 USD	(14%)

Total income from securities lending (USD million)	$18	$21	(14%)	$17	6%

For definitions and more information about these metrics, see Robinhood’s full monthly metrics release, available at investors.robinhood.com.

The information in this release is unaudited and the information for the months of the most recent fiscal quarter is preliminary, based on Robinhood's estimates and is 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”) may differ from the information in this release.

About Robinhood

Robinhood Markets, Inc. is on a mission to democratize finance for everyone. In the U.S., people can invest with no account minimums through Robinhood Financial LLC, a registered broker-dealer (member SIPC), buy and sell cryptocurrencies through Robinhood Crypto, LLC, and spend and earn rewards with debit cards through Robinhood Money, LLC and credit cards through Robinhood Credit, Inc. People can also trade U.S. stocks with no commission or foreign exchange fees in the UK through Robinhood UK Ltd., trade cryptocurrencies in select European Union jurisdictions through Robinhood Europe, UAB, and access easy-to-understand educational content through Robinhood Learn.

Robinhood uses the Overview tab on its Investor Relations website (accessible at investors.robinhood.com/overview) and its newsroom (accessible at newsroom.aboutrobinhood.com), as a means of making broad, non-exclusive disclosures of information to the public under Regulation Fair Disclosure (Reg. FD) of the U.S. Securities and Exchange Commission (“SEC”). Investors should regularly monitor these websites, as well as Robinhood's press releases, SEC filings, and public conference calls and webcasts, because information disclosed there may be considered 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.