Robinhood Markets annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Robinhood Markets Operating Expenses Growth & History (HOOD)
Robinhood Markets's operating expenses was $2.38B for fiscal 2025.
View full Robinhood Markets company overviewRobinhood Markets annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.38B | $482.0M | +25.41% |
| 2024 | 2024-12-31 | $1.90B | −$504.0M | −20.99% |
| 2023 | 2023-12-31 | $2.40B | $32.0M | +1.35% |
| 2022 | 2022-12-31 | $2.37B | −$1.09B | −31.45% |
| 2021 | 2021-12-31 | $3.46B | $2.51B | +265.71% |
| 2020 | 2020-12-31 | $945.0M | $560.5M | +145.80% |
| 2019 | 2019-12-31 | $384.5M | — | — |
Robinhood Markets quarterly operating expenses
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $734.0M | $184.0M | +33.45% |
| Q1 2026 | 2026-03-31 | $656.0M | $99.0M | +17.77% |
| Q4 2025 | 2025-12-31 | $633.0M | $175.0M | +38.21% |
| Q3 2025 | 2025-09-30 | $639.0M | $153.0M | +31.48% |
| Q2 2025 | 2025-06-30 | $550.0M | $57.0M | +11.56% |
| Q1 2025 | 2025-03-31 | $557.0M | $97.0M | +21.09% |
| Q4 2024 | 2024-12-31 | $458.0M | $13.0M | +2.92% |
| Q3 2024 | 2024-09-30 | $486.0M | −$54.0M | −10.00% |
| Q2 2024 | 2024-06-30 | $493.0M | $27.0M | +5.79% |
| Q1 2024 | 2024-03-31 | $460.0M | −$490.0M | −51.58% |
| Q4 2023 | 2023-12-31 | $445.0M | −$89.0M | −16.67% |
| Q3 2023 | 2023-09-30 | $540.0M | $5.0M | +0.93% |
| Q2 2023 | 2023-06-30 | $466.0M | −$144.0M | −23.61% |
| Q1 2023 | 2023-03-31 | $950.0M | $260.0M | +37.68% |
| Q4 2022 | 2022-12-31 | $534.0M | −$249.0M | −31.80% |
| Q3 2022 | 2022-09-30 | $535.0M | −$1.17B | −68.68% |
| Q2 2022 | 2022-06-30 | $610.0M | $109.0M | +21.76% |
| Q1 2022 | 2022-03-31 | $690.0M | $226.0M | +48.71% |
| Q4 2021 | 2021-12-31 | $783.0M | — | — |
| Q3 2021 | 2021-09-30 | $1.71B | $1.43B | +508.96% |
| Q2 2021 | 2021-06-30 | $501.0M | $314.8M | +169.08% |
| Q1 2021 | 2021-03-31 | $464.0M | — | — |
| Q3 2020 | 2020-09-30 | $280.5M | — | — |
| Q2 2020 | 2020-06-30 | $186.2M | — | — |
Robinhood Markets operating expenses trends
Over the last five fiscal years, Robinhood Markets's operating expenses increased from $945.0M to $2.38B, a change of $1.43B. The latest reported quarter, Q2 2026, shows $734.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Robinhood Markets source filings ↗