Robinhood Markets, Inc. Reports February 2026 Operating Data
MWN-AI** Summary
Robinhood Markets, Inc. (NASDAQ: HOOD) released its operating data for February 2026, highlighting key growth metrics amidst fluctuations in trading activities. At the end of February, the company reported 27.4 million funded customers, an increase of approximately 140,000 from January and 1.74 million year-over-year. Total platform assets reached $314 billion, marking a 3% decline from January while showing a robust 68% increase from February 2025. Net deposits for February were recorded at $5.6 billion, illustrating a 21% growth rate compared to January.
Trading volumes presented a mixed picture: Equity notional trading volumes were $194.4 billion, down 14% month-over-month but up 36% year-over-year. Average daily trading volumes for equities reached $10.2 billion, with 180.3 million options contracts traded, both showing a decrease from January but an increase compared to the previous year. In contrast, the crypto market saw significant growth, with notional trading volumes climbing 9% to $25 billion, an impressive 74% rise from February 2025.
Interest-earning assets showed notable trends as well, with margin balances at $17.2 billion, a 7% decrease from January but an annual increase of 98%. Cashed and deposit balances increased by 41% to $16.5 billion. Notably, the rollout of a revamped brokerage High-Yield Cash program facilitated the movement of over $6 billion in cash sweep balances to free credit balances.
Securities lending revenue for February fell 26% from January to $25 million but still rose by 14% year-over-year. Overall, while Robinhood faced some month-over-month declines in trading volumes, the yearly growth across several metrics suggests a strong ongoing trajectory for the platform.
MWN-AI** Analysis
Robinhood Markets, Inc. (NASDAQ: HOOD) recently reported its operating data for February 2026, revealing a mixed performance that presents both opportunities and caution for investors.
On the positive side, Robinhood saw a year-over-year increase in funded customers, climbing to 27.4 million. This growth indicates the company's continued ability to attract new retail investors amid a competitive brokerage landscape. Additionally, the substantial increase in Total Platform Assets by 68% year-over-year to $314 billion suggests robust demand for investment services, despite a 3% decline from the previous month—an expected seasonal fluctuation. The impressive annual growth in Net Deposits of 36% further indicates that customers are confident in deposit growth, positioning Robinhood favorably in initiating future investments.
However, declines in trading volumes—specifically, a 14% drop in equity volumes month-over-month—raise concerns over trading activity and customer engagement. Despite a significant year-over-year increase in equity trading, the monthly decrease prompts questions about market sentiment and trading behavior, particularly in a potentially volatile environment. Additionally, the noticeable drop in Options Contracts traded and Event Contracts (down 29%) signals a cooling off in speculative trading, which was previously driving volume.
The firm’s pivot towards improving cash management offerings, evidenced by updates to its High-Yield Cash program, is encouraging. This strategic move aims to enhance margin lending and could position Robinhood to benefit as interest rates rise. Yet, with a 7% decline in margin balances, it suggests that customers may be cautious about leveraging their investments.
In summary, while Robinhood shows a solid long-term growth trajectory, investors should stay vigilant about trading volume trends and customer engagement. The success of new financial products may determine the company’s resilience in a shifting market, making careful observation of these factors crucial. For risk-tolerant investors, continued positions in HOOD may be warranted, but those risk-averse may consider a wait-and-see approach until trading dynamics stabilize.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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).
- 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).
- 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 () | |||||||||
| 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 () | $194.4 | $227.3 | (14%) | $142.9 | +36% | ||||
| Options Contracts (M) | 180.3 | 200.0 | (10%) | 165.6 | +9% | ||||
| Crypto () | $25.0 | $22.9 | +9% | $14.4 | +74% | ||||
| Robinhood App () | $9.4 | $8.7 | +8% | $14.4 | (35%) | ||||
| Bitstamp () | $15.6 | $14.2 | +10% | - | NA | ||||
| Event Contracts (B) | 2.4 | 3.4 | (29%) | - | NA | ||||
| Average Daily Trading Volumes1 | |||||||||
| Equity () | $10.2 | $11.4 | (11%) | $7.5 | +36% | ||||
| Options Contracts (M) | 9.5 | 10.0 | (5%) | 8.7 | +9% | ||||
| Crypto () | $893 | $739 | +21% | $514 | +74% | ||||
| Robinhood App () | $336 | $281 | +20% | $514 | (35%) | ||||
| Bitstamp () | $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 () | |||||||||
| 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 () | |||||||||
| 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**
Considering the recent net deposit growth, how does Robinhood Markets Inc. HOOD plan to sustain this upward trajectory in customer engagement and asset accumulation over the coming months?
With trading volumes experiencing fluctuations, particularly in equities and options, what strategies will Robinhood Markets Inc. HOOD implement to enhance trading activity and customer trading volume?
Given the increase in crypto trading volumes, what specific initiatives does Robinhood Markets Inc. HOOD have in place to capitalize on the growing interest in cryptocurrency among its customer base?
How is Robinhood Markets Inc. HOOD planning to address the decline in securities lending revenue while also balancing customer interest in margin accounts and cash management services?
**MWN-AI FAQ is based on asking OpenAI questions about Robinhood Markets Inc. (NASDAQ: HOOD).
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