Press release
Robinhood Markets, Inc. Reports January 2024 Operating Data
MENLO PARK, Calif., Feb. 15, 2024 (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., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for January 2024: Funded Customers at the end of January were 23.5 million, up approximately 120 thousand from December 2023(1).Assets Under Custody (AUC) at the end of January were $102.4 billion, roughly flat to December 2023. Net Deposits were $3.8 billion in January, translating to a 44% annualized growth rate relative to December 2023 AUC. Over the last twelve months, Net Deposits were $19.5 billion, translating to an annual growth rate of 26% relative to January 2023 AUC.Trading Volumes in January were higher for options, and lower for equities and crypto relative to December 2023. Equity Notional Trading Volumes were $59.3 billion (down 6%). Options Contracts Traded were 106.2 million (up 2%). Crypto Notional Trading Volumes were $5.9 billion (down 9%).Margin Balances at the end of January were $3.6 billion, up 3% from December 2023. Total Cash Sweep Balances at the end of January were $16.8 billion, up $0.4 billion (2%) from the end of December 2023.Total Securities Lending Revenue in January was $12 million, unchanged from December 2023. January2024December2023M/MChangeJanuary2023Y/YChange(M - in millions, B - in billions) Funded Customer Growth (M) Funded Customers123.523.4-23.02% Assets Under Custody (AUC) ($B) Total AUC$102.4$102.6-$74.737%Net Deposits$3.8$2.2NM$1.4NM Trading Trading Days (Equities and Options)21205%205%Total Trading Volumes Equity ($B)$59.3$63.2(6%)$46.029%Options Contracts (M)106.2104.52%82.928%Crypto ($B)$5.9$6.5(9%)$3.759% Daily Average Revenue Trades (DARTs) (M) Equity1.71.8(6%)1.513%Options0.70.617%0.617%Crypto0.30.3-0.3- Customer Margin and Cash Sweep Balances ($B) Margin Book$3.6$3.53%$3.020%Total Cash Sweep$16.8$16.42%$7.1137%Gold Cash Sweep$16.1$15.73%$6.0168%Non-Gold Cash Sweep$0.7$0.7-$1.1(36%) Total Securities Lending Revenue ($M)$12$12-$13(8%) (1) Funded Customers previously referred to as Net Cumulative Funded Accounts (NCFA). Funded Customers includes unique persons who have at least one account with a Robinhood entity. 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...