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Robinhood Soars: Assets Surge 89% to $160B, Trading Volumes Hit Record Highs

by November 13, 2024





Robinhood Markets (NASDAQ: HOOD) reported strong operational growth in October 2024. Funded Customers reached 24.4 million, with Assets Under Custody hitting $159.7 billion, up 89% year-over-year. The company recorded Net Deposits of $5.2 billion, representing a 41% annualized growth rate. Trading volumes showed significant increases across all segments: Equity trading reached $126.4 billion (up 149% YoY), Options contracts hit 158.0 million (up 64% YoY), and Crypto trading volume was $5.6 billion (up 143% YoY). Margin balances grew to $6.2 billion, while Total Cash Sweep balances reached $25.5 billion.

Robinhood Markets (NASDAQ: HOOD) ha registrato una forte crescita operativa nell’ottobre 2024. I clienti finanziati hanno raggiunto i 24,4 milioni, con Attività in custodia che hanno toccato i 159,7 miliardi di dollari, con un incremento dell’89% rispetto all’anno precedente. L’azienda ha registrato Depositi netti di 5,2 miliardi di dollari, che rappresentano un tasso di crescita annualizzato del 41%. I volumi di trading hanno mostrato aumenti significativi in tutti i segmenti: il trading azionario ha raggiunto i 126,4 miliardi di dollari (in aumento del 149% su base annua), i contratti di opzioni hanno toccato i 158,0 milioni (in aumento del 64% su base annua) e il volume di trading delle criptovalute è stato di 5,6 miliardi di dollari (in aumento del 143% su base annua). Gli saldi di margine sono cresciuti a 6,2 miliardi di dollari, mentre i saldi totali di Cash Sweep hanno raggiunto i 25,5 miliardi di dollari.

Robinhood Markets (NASDAQ: HOOD) reportó un fuerte crecimiento operativo en octubre de 2024. Clientes financiados alcanzó 24.4 millones, con Activos bajo custodia llegando a 159.7 mil millones de dólares, un aumento del 89% interanual. La compañía reportó Depósitos netos de 5.2 mil millones de dólares, representando una tasa de crecimiento anualizado del 41%. Los volúmenes de trading mostraron incrementos significativos en todos los segmentos: el trading de acciones alcanzó 126.4 mil millones de dólares (un aumento del 149% interanual), los contratos de opciones alcanzaron 158.0 millones (un aumento del 64% interanual) y el volumen de trading de criptomonedas fue de 5.6 mil millones de dólares (un aumento del 143% interanual). Los saldos de margen crecieron a 6.2 mil millones de dólares, mientras que los saldos totales de Cash Sweep alcanzaron los 25.5 mil millones de dólares.

로빈후드 마켓(NASDAQ: HOOD)은 2024년 10월에 강력한 운영 성장을 보고했습니다. 자금이 지원된 고객 수는 2440만 명에 달했으며, 관리 자산이 1597억 달러에 도달하여 지난해 대비 89% 증가했습니다. 이 회사는 52억 달러의 순입금을 기록했으며, 이는 연간 성장률 41%를 나타냅니다. 거래량은 모든 분야에서 상당한 증가를 보였으며: 주식 거래는 1264억 달러에 달했으며(전년 대비 149% 증가), 옵션 계약은 1억 5800만 건에 도달했으며(전년 대비 64% 증가), 암호화폐 거래량은 56억 달러로(전년 대비 143% 증가) 나타났습니다. 마진 잔고는 62억 달러로 증가했으며, 총 현금 스윕 잔고는 255억 달러에 이르렀습니다.

Robinhood Markets (NASDAQ: HOOD) a signalé une forte croissance opérationnelle en octobre 2024. Clients financés a atteint 24,4 millions, avec Actifs sous garde atteignant 159,7 milliards de dollars, soit une augmentation de 89 % par rapport à l’année précédente. L’entreprise a enregistré des Dépôts nets de 5,2 milliards de dollars, représentant un taux de croissance annualisé de 41 %. Les volumes de trading ont montré des augmentations significatives dans tous les segments : le trading d’actions a atteint 126,4 milliards de dollars (en hausse de 149 % par rapport à l’année précédente), les contrats d’options ont atteint 158,0 millions (en hausse de 64 % par rapport à l’année précédente) et le volume de trading des cryptomonnaies a été de 5,6 milliards de dollars (en hausse de 143 % par rapport à l’année précédente). Les soldes de marge ont augmenté pour atteindre 6,2 milliards de dollars, tandis que les soldes totaux de Cash Sweep ont atteint 25,5 milliards de dollars.

Robinhood Markets (NASDAQ: HOOD) berichtete im Oktober 2024 von starkem operativem Wachstum. Finanzierte Kunden erreichten 24,4 Millionen, während Verwaltete Vermögen 159,7 Milliarden Dollar erreichten, was einem Anstieg von 89 % im Jahresvergleich entspricht. Das Unternehmen verzeichnete Nettoeinlagen von 5,2 Milliarden Dollar, was einer annualisierten Wachstumsrate von 41 % entspricht. Die Handelsvolumina zeigten in allen Segmenten signifikante Steigerungen: Der Aktienhandel erreichte 126,4 Milliarden Dollar (ein Anstieg von 149 % im Jahresvergleich), die Optionenverträge erreichten 158,0 Millionen (ein Anstieg von 64 % im Jahresvergleich) und das Handelsvolumen mit Kryptowährungen betrug 5,6 Milliarden Dollar (ein Anstieg von 143 % im Jahresvergleich). Die Margensalden stiegen auf 6,2 Milliarden Dollar, während die Gesamtsummen der Cash Sweep-Salden 25,5 Milliarden Dollar erreichten.

Positive


  • Assets Under Custody increased 89% YoY to $159.7 billion


  • Net Deposits grew to $5.2 billion, showing 41% annualized growth rate


  • Equity trading volumes up 149% YoY to $126.4 billion


  • Options contracts trading increased 64% YoY to 158.0 million


  • Securities Lending Revenue grew 73% YoY to $19 million


  • Margin balances up 77% YoY to $6.2 billion


Insights


Robinhood’s October metrics show remarkable growth across key performance indicators. Assets Under Custody surged 89% year-over-year to $159.7 billion, with strong $5.2 billion in net deposits representing a 41% annualized growth rate. Trading volumes exhibited exceptional strength with equity trading up 149% YoY and crypto trading up 143% YoY.

The platform’s expanding user base, growing by over 1 million customers YoY, coupled with increased margin balances (77% YoY growth to $6.2 billion) and cash sweep balances (83% YoY growth to $25.5 billion), indicates robust monetization of the user base. Securities lending revenue jumped 73% YoY to $19 million, demonstrating successful diversification of revenue streams.












MENLO PARK, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) — Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for October 2024:

  • Funded Customers at the end of October were 24.4 million (up approximately 90 thousand from September 2024, up over one million year-over-year).
  • Assets Under Custody (AUC) at the end of October were $159.7 billion (up 5% from September 2024, up 89% year-over-year). Net Deposits were $5.2 billion in October, translating to a 41% annualized growth rate relative to September 2024 AUC. Over the last twelve months, Net Deposits were $43.2 billion, translating to an annual growth rate of 51% relative to October 2023 AUC.
  • Equity Notional Trading Volumes were $126.4 billion (up 48% from September 2024, up 149% year-over-year). Options Contracts Traded were 158.0 million (up 16% from September 2024, up 64% year-over-year). Crypto Notional Trading Volumes were $5.6 billion (up 51% from September 2024, up 143% year-over-year).
  • Margin balances at the end of October were $6.2 billion (up 13% from the end of September 2024, up 77% year-over-year).
  • Total Cash Sweep balances at the end of October were $25.5 billion (up 4% from the end of September 2024, up 83% year-over-year).
  • Total Securities Lending Revenue in October was $19 million (up 6% from September 2024, up 73% year-over-year).
  October
2024		 September
2024		 M/M
Change		 October
2023		 Y/Y
Change
(M – in millions, B – in billions)          
Funded Customer Growth (M)          
Funded Customers   24.4     24.3     –     23.3     5 %
           
Assets Under Custody (AUC) ($B)          
Total AUC $159.7   $152.2     5 % $84.6     89 %
Net Deposits $5.2   $2.5     NM   $1.0     NM  
           
Trading          
Trading Days (Equities and Options)   23     20     15 %   22     5 %
Total Trading Volumes          
Equity ($B) $126.4   $85.5     48 % $50.8     149 %
Options Contracts (M)   158.0     136.1     16 %   96.6     64 %
Crypto ($B) $5.6   $3.7     51 % $2.3     143 %
           
Daily Average Revenue Trades (DARTs) (M)        
Equity   2.0     2.0     –     1.4     43 %
Options   0.9     0.9     –     0.6     50 %
Crypto   0.2     0.2     –     0.2     –  
           
Customer Margin and Cash Sweep ($B)        
Margin Book $6.2   $5.5     13 % $3.5     77 %
Total Cash Sweep $25.5   $24.5     4 % $13.9     83 %
Gold Cash Sweep $24.8   $23.9     4 % $13.2     88 %
Non-Gold Cash Sweep $0.7   $0.6     17 % $0.7     –  
           
Total Securities Lending Revenue ($M) $19   $18     6 % $11     73 %
                               

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 and the information for the months in the most recent fiscal quarter is preliminary, based on Robinhood’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Robinhood’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release.

About Robinhood

Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, commodity interests, and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.

Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the U.S. Securities and Exchange Commission’s (“SEC”) Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

“Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

Contacts

Investor Relations

[email protected]

Media

[email protected]









FAQ



What was Robinhood’s (HOOD) Assets Under Custody in October 2024?


Robinhood’s Assets Under Custody (AUC) reached $159.7 billion in October 2024, representing a 5% increase from September 2024 and an 89% increase year-over-year.


How many funded customers did Robinhood (HOOD) have in October 2024?


Robinhood had 24.4 million funded customers at the end of October 2024, adding approximately 90,000 customers from September 2024 and over one million year-over-year.


What were Robinhood’s (HOOD) trading volumes in October 2024?


In October 2024, Robinhood’s equity trading volume was $126.4 billion, options contracts traded were 158.0 million, and crypto trading volume was $5.6 billion.





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