Press release
Robinhood Markets, Inc. Reports February 2023 Operating Data
MENLO PARK, Calif., March 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., March 13, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for February 2023: Net Cumulative Funded Accounts (NCFA) at the end of February were 23.1 million, up approximately 50 thousand from January 2023(1). Monthly Active Users (MAU) at the end of February were 12.0 million, in line with January 2023.Assets Under Custody (AUC) at the end of February were $74.7 billion, in line with the end of January 2023. Net Deposits were $1.5 billion in February, translating to a 25% annualized growth rate relative to January 2023 AUC. Over the last twelve months, Net Deposits were $16.9 billion, translating to an annual growth rate of 19% relative to February 2022 AUC.Notional Trading Volumes - which are the primary driver of transaction revenues - were higher in February for equities and options, and lower for crypto from January 2023. Equities were $57.3 billion (up 25%), Option contracts were 89.4 million (up 8%), and Cryptocurrencies were $3.5 billion (down 7%).Margin Balances at the end of February were $3.3 billion, up $0.3 billion from the end of January 2023.Cash Sweep Balances at the end of February were $8.0 billion, up $0.9 billion from the end of January 2023. Of the $8.0 billion, $7.1 billion were in Gold accounts, which were up $1.1 billion from the end of January 2023. RobinhoodFebruary 2023January 2023Change M/MFebruary 2022Change Y/Y(M - in millions, B - in billions) User Growth (M) Net Cumulative Funded Accounts (NCFA)23.123.00%22.81% Engagement (M) Monthly Active Users (MAU)12.012.00%16.7-28% Assets Under Custody (AUC) ($B) Total AUC$74.7$74.70%$86.9-14% Net Deposits$1.5$1.4N/M$1.6N/M Trading Trading Days (equities and options)1920-5%190%Total Trading Volumes Equity ($B)$57.3$46.025%$56.91%Options contracts (M)89.482.98%$72.324%Crypto ($B)$3.5$3.7-7%$7.2-52% Daily Average Revenue Trades (DARTs) (M) Equity DARTs1.61.59%1.7-6%Option DARTs0.70.617%0.7-1%Crypto DARTs0.20.3-1%0.3-23% Customer Margin and Cash Sweep Balances ($B) Margin Book$3.3$3.08%$5.3-39%Cash Sweep$8.0$7.113%$2.1283% (1) Net Cumulative Funded Accounts (NCFAs) only includes unique users and does not reflect existing customers opening multiple accounts. For definitions and additional information regarding these metrics, please refer to Robinhood’s full monthly metr...