Robinhood Markets, Inc. · NASDAQ:HOOD
Robinhood Markets — Investor Presentation (March 2026)
23 slides from Robinhood Markets's investor presentation, Mar 2, 2026
Slide 1: Robinhood Markets, Inc. Investor Presentation
Robinhood Markets, Inc. Investor Presentation March 2, 2026
Slide 2: Disclaimers
Robinhood Investor Presentation Disclaimers This Presentation Relates to Robinhood’s Broader Financial and Operating Metrics Disclosures This presentation (the “Presentation”) is intended to provide summary information about the business of Robinhood Markets, Inc. (including its consolidated subsidi
Slide 3: Robinhood at a Glance…We are building the Financial SuperApp
Robinhood Investor Presentation Robinhood at a Glance…We are building the Financial SuperApp Product Areas Brokerage Crypto Money The first commission-free trading One of the lowest cost places to Robinhood Gold Card and platform trade Crypto on average Robinhood Banking Key Business Metrics Funded C
Slide 4: Robinhood Investment Thesis
Robinhood Investor Presentation Robinhood Investment Thesis 1 Massive market opportunity 2 Product velocity → rapid market share gains 3 Business growing and diversifying 4 Powerful business model → profitable growth investors.robinhood.com 4
Slide 5: Robinhood 10 Year Vision from 2024 Investor Day
Robinhood Investor Presentation 1 Robinhood 10 Year Vision from 2024 Investor Day #1 in Active Traders ➔ #1 in Wallet Share for Next Generation ➔ #1 Global Financial Ecosystem ➔ Peak Peak Peak Today 1-2 Years ~5 Years ~10 Years investors.robinhood.com 5
Slide 6: 2026+ Priorities
Robinhood Investor Presentation 1 2026+ Priorities #1 in Active Traders #1 in Wallet Share for Next Generation #1 Global Financial Ecosystem Prediction Markets Family Investing Tokenization, Robinhood Chain 1 1 1 SuperApp Design Private Markets Launch in new markets 2 2 2 Cortex, Social 3 investors.
Slide 7: We have a massive revenue TAM of $600B+
Robinhood Investor Presentation 1 We have a massive revenue TAM of $600B+ Robinhood Revenue Total Addressable Market (in billions)1 As prepared for Robinhood Investor Day 2024 Global Financial Ecosystem = $400B+ Share of Wallet for Next Generation = $180B+ Active Traders = $20B+ Robinhood 2025 Total
Slide 8: US generational wealth transfer is a tailwind for our business
Robinhood Investor Presentation 1 US generational wealth transfer is a tailwind for our business Share of US household wealth by generation1 Distribution of Total Platform Assets at Robinhood by age2 Millennials Silent Generation & Older Median Robinhood Customer Age2: 36 Baby Boomers Generation X G
Slide 9: We believe we have a significant global opportunity
Robinhood Investor Presentation 1 We believe we have a significant global opportunity Share of US households with stock holdings1 Proportion of individuals’ assets invested in stocks, bonds, and funds2 1. Data from US Federal Reserve. 2. Data from World…
Slide 10: Our product velocity is industry-leading, and our innovations are democratizing finance
Robinhood Investor Presentation 2 Our product velocity is industry-leading, and our innovations are democratizing finance Mobile First, Options With News & Recurring Say Retirement 24 Hour Robinhood Robinhood Futures Robinhood US Staking Robinhood Robinhood Commission No Contract Education Investment
Slide 11: Our product velocity and innovations are driving significant market share gains…
Robinhood Investor Presentation 2 Our product velocity and innovations are driving significant market share gains… +44% +10% Equities Market Share1 year-over-year Options Market Share2 year-over-year Up 147% Up 70% +63% +75% Crypto Market Share3 year-over-year Margin Market Share4 year-over-year Up 1
Slide 12: …And also translate to robust organic asset growth and customer retention
Robinhood Investor Presentation 2 …And also translate to robust organic asset growth and customer retention Net Deposits Total Platform Assets In billions In billions Growth Rate (Relative to prior period Total Platform Assets, %) Average Revenue per User Customer Retention Rate1 Refer to the Append
Slide 13: Our asset growth drives revenue growth over time
Robinhood Investor Presentation 2 Our asset growth drives revenue growth over time Total Platform Assets Total Net Revenues Total Platform Assets have grown over time, driven by: Funded Customers Total Platform Assets per Funded Customer1 This leads to higher Total Net Revenues, driven by: Trading2
Slide 14: We believe we can continue growing and diversifying our revenues
Robinhood Investor Presentation 3 We believe we can continue growing and diversifying our revenues Total Net Revenues Our revenues are diversifying, with 11 businesses In millions generating $100M or more in annualized revenue4 as of the end of 2025: Transaction-Based Revenues1 Net Interest Revenues
Slide 15: A key competitive advantage…we are a technology company
Robinhood Investor Presentation 4 A key competitive advantage…we are a technology company 2025 Adjusted Operating Expenses and SBC Incremental Adjusted EBITDA Margin1 Revenue per Employee2 (in thousands) Variable Costs Fixed Costs 72% Variable costs primarily include transaction and customer activit
Slide 16: Our capital allocation optimizes for EPS over time
Robinhood Investor Presentation 4 Our capital allocation optimizes for EPS over time Strong Financial Position Capital Allocation: We allocated ~$2 billion in capital in 2025 ● ~$450M of Customer Matches on Deposits and Transfers Organic Growth 1 $4B+ ~$850M ● ~$400M of Marketing of Q4’25 corporate
Slide 17: We are building a track record of profitable growth
Robinhood Investor Presentation 4 We are building a track record of profitable growth Total Platform Assets +67% Total Net Revenues +52% In billions year-over-year In millions year-over-year Adjusted Operating Expenses +20% Adjusted EBITDA +76% In millions year-over-year In millions year-over-year Ad
Slide 18: Appendix
Appendix investors.robinhood.com 18
Slide 19: Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations
Robinhood Investor Presentation Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations In millions 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net income (loss) (GAAP) ($6) ($57) ($107) $7 ($3,687) ($1,028) ($541) $1,411 $1,883 Net margin1 (12%) (34%) (38%) 1% (203%) (76%) (29%) 48% 42% Add: In
Slide 20: Adjusted Operating Expenses and Adjusted Operating Expenses and SBC Reconciliation
Robinhood Investor Presentation Adjusted Operating Expenses and Adjusted Operating Expenses and SBC Reconciliation In millions 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total operating expenses (GAAP) $57 $231 $384 $945 $3,456 $2,369 $2,401 $1,897 $2,379 Less: SBC SBC Excluding 2021 Founders Awar
Slide 21: Incremental Net Income and Incremental Adjusted EBITDA Margins
Robinhood Investor Presentation Incremental Net Income and Incremental Adjusted EBITDA Margins In millions 2025 Year-over-year change in total net revenues +$1,522 Year-over-year change in net income +$472 Incremental net income margins1 NM Year-over-year change in Adjusted EBITDA (Non-GAAP) +$1,093
Slide 22: Definitions
Robinhood Investor Presentation Definitions Key Performance Metrics Notional Trading Volume Funded Customers We define Notional Trading Volume, or Notional Volume, for any specified asset class as the aggregate dollar value (purchase price or sale price as applicable) of trades executed in that asset c
Slide 23: Definitions (Continued)
Robinhood Investor Presentation Definitions (Continued) Non-GAAP Financial Measures SBC excluding the 2021 Founders Award Cancellation We collect and analyze operating and financial data to evaluate the health of our business, allocate our resources and assess our performance. In We define SBC excludin
Robinhood Markets — Investor Presentation (March 2026) on 6ix