Robinhood Markets, Inc. Reports October 2022 Operating Data

About this update from Robinhood Markets, Inc.

[{"type":"text","content":"MENLO PARK, Calif., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for October 2022: Net Cumulative Funded Accounts (NCFA) at the end of October were 22.9 Million, up approximately 30 thousand from September 2022. Monthly Active Users (MAU) at the end of October were 12.5 Million, up 0.3 Million from the end of September 2022.Assets Under Custody (AUC) at the end of October were $70.2 Billion, up 9% from the end of September 2022. Net Deposits were $1.6 Billion in October, translating to a 30% annualized growth rate relative to September 2022 AUC. Over the last twelve months, Net Deposits were $19.1 Billion, translating to an annual growth rate of 17% relative to October 2021 Assets Under Custody. Notional Trading Volumes - which are the primary driver of transaction revenues - were roughly flat in October from September 2022. Equities were $46.7 Billion (up 0.4%), Option contracts were 78.7 Million (up 1%), and Cryptocurrencies were $3.5 Billion (down 2%).Margin Balances at the end of October were $3.8 Billion, down $0.3 Billion from the end of September 2022. Cash Sweep Balances at the end of October were $3.8 Billion, up $0.8 Billion from the end of September 2022. Looking at early November: AUC (as of Friday, Nov. 11th) was similar to end of October levels; and Notional Trading Volumes per day (for the period of Nov. 1st through Nov. 11th) were up from October levels across equities, options, and crypto. RobinhoodOctober 2022September 2022Change M/MOctober 2021Change Y/Y (M - in millions, B - in billions) User Growth (M) Net Cumulative Funded Accounts (NCFA)22.922.90%22.52% Engagement (M) Monthly Active Users (MAU)12.512.22%19.5-36% Assets Under Custody (AUC) ($B) Total AUC$70.2$64.69%$111.2-37% Cumulative Net Deposits$87.5$85.92%$68.428%Net Deposits$1.6$1.3N/M$0.5N/M Trading Trading Days (equities and options)21210%210%Total Trading Volumes Equity ($B)$46.7$46.50%$79.3-41%Options contracts (M)78.778.21%$91.9-14%Crypto ($B)$3.5$3.6-2%$18.0-80% Daily Average Revenue Trades (DARTs) (M) Equity DARTs1.31.5-9%2.2-40%Option DARTs0.60.51%0.7-24%Total DARTs (Equity and Options)1.92.0-6%2.9-36%Crypto DARTs0.20.3-10%0.5-55% Customer Margin and Cash Sweep Balances ($B) Margin Book$3.8$4.1-8$6.0-38Cash Sweep$3.8$3.029%$2.552% For definitions and addit...

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