earnings
confidence high
sentiment positive
materiality 0.80
Robinhood reports record Q2 revenue of $682M, GAAP EPS $0.21, net income $188M
Robinhood Markets, Inc.
2024-Q2 EPS reported
$0.38
revenue$1,300,000,000
- Total net revenues $682M, up 40% YoY; GAAP diluted EPS $0.21 vs $0.03 YoY; net income $188M.
- Net deposits $13.2B (41% annualized growth rate); AUC $139.7B, up 57% YoY.
- Gold subscribers reached 2M, up 61% YoY; retirement AUC $8.7B.
- Board authorized $1B share repurchase program; acquired Bitstamp crypto exchange and Pluto Capital.
- Margin balances grew >20% to $5.0B; notional crypto trading volumes up 137% YoY.