Press release
Robinhood Markets, Inc. Reports August 2023 Operating Data
MENLO PARK, Calif., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for
About this update from Robinhood Markets, Inc.
[{"type":"text","content":"MENLO PARK, Calif., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for August 2023: Net Cumulative Funded Accounts (NCFA) at the end of August were 23.2 million, up approximately 30 thousand from July 2023(1). Monthly Active Users (MAU) decreased to 10.6 million in August, down approximately 400 thousand from July 2023.Assets Under Custody (AUC) at the end of August were $89.7 billion, down 5% from July 2023. Net Deposits were $1.6 billion in August, translating to a 20% annualized growth rate relative to July 2023 AUC. Over the last twelve months, Net Deposits were $17.6 billion, translating to an annual growth rate of 25% relative to August 2022 AUC.Trading Volumes in August were slightly higher for options and lower for equities and crypto compared to July 2023. Equity Notional Trading Volumes were $59.8 billion (down 14%). Options Contracts Traded were 107.3 million (up 1%). Crypto Notional Trading Volumes were $2.2 billion (down 35%).Margin Balances at the end of August were $3.5 billion, up 3% from July 2023.Cash Sweep Balances at the end of August were $13.3 billion, up $0.6 billion (5%) from the end of July 2023. August 2023July 2023Change M/MAugust 2022Change Y/Y(M - in millions, B - in billions) User Growth (M) Net Cumulative Funded Accounts (NCFA)23.223.20%22.91% Engagement (M) Monthly Active Users (MAU)10.611.0-4%13.3-20% Assets Under Custody (AUC) ($B) Total AUC$89.7$94.5-5%$71.026% Net Deposits$1.6$1.4N/M$0.8N/M Trading Trading Days (equities and options)232015%230%Total Trading Volumes Equity ($B)$59.8$69.2-14%$66.0-9%Options contracts (M)107.3106.11%89.919%Crypto ($B)$2.2$3.4-35%$5.3-58% Daily Average Revenue Trades (DARTs) (M) Equity1.51.7-12%1.6-6%Option0.60.7-14%0.60%Crypto0.20.20%0.3-33% Customer Margin and Cash Sweep Balances ($B) Margin Book$3.5$3.43%$4.2-17%Cash Sweep$13.3$12.75%$2.6412%Gold Cash Sweep$12.6$11.96%N/AN/ANon-Gold Cash Sweep$0.7$0.8-13%N/AN/A (1) Net Cumulative Funded Accounts (NCFAs) only includes unique customers and does not reflect existing customers opening multiple accounts. For definitions and additional information regarding these metrics, please refer to Robinhood’s full monthly metrics update, which is available on investors.robinhood.com. The information in this release is unaudited and the info...