MENLO PARK, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) — Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) immediately reported choose month-to-month working information for October 2024:
- Funded Prospects on the finish of October have been 24.4 million (up roughly 90 thousand from September 2024, up over a million year-over-year).
- Belongings Underneath Custody (AUC) on the finish of October have been $159.7 billion (up 5% from September 2024, up 89% year-over-year). Web Deposits have been $5.2 billion in October, translating to a 41% annualized progress charge relative to September 2024 AUC. During the last twelve months, Web Deposits have been $43.2 billion, translating to an annual progress charge of 51% relative to October 2023 AUC.
- Fairness Notional Buying and selling Volumes have been $126.4 billion (up 48% from September 2024, up 149% year-over-year). Choices Contracts Traded have been 158.0 million (up 16% from September 2024, up 64% year-over-year). Crypto Notional Buying and selling Volumes have been $5.6 billion (up 51% from September 2024, up 143% year-over-year).
- Margin balances on the finish of October have been $6.2 billion (up 13% from the tip of September 2024, up 77% year-over-year).
- Whole Money Sweep balances on the finish of October have been $25.5 billion (up 4% from the tip of September 2024, up 83% year-over-year).
- Whole Securities Lending Income in October was $19 million (up 6% from September 2024, up 73% year-over-year).
| October 2024 |
September 2024 |
M/M Change |
October 2023 |
Y/Y Change |
|||||||||||
| (M – in hundreds of thousands, B – in billions) | |||||||||||||||
| Funded Buyer Development (M) | |||||||||||||||
| Funded Prospects | 24.4 | 24.3 | – | 23.3 | 5 | % | |||||||||
| Belongings Underneath Custody (AUC) ($B) | |||||||||||||||
| Whole AUC | $159.7 | $152.2 | 5 | % | $84.6 | 89 | % | ||||||||
| Web Deposits | $5.2 | $2.5 | NM | $1.0 | NM | ||||||||||
| Buying and selling | |||||||||||||||
| Buying and selling Days (Equities and Choices) | 23 | 20 | 15 | % | 22 | 5 | % | ||||||||
| Whole Buying and selling Volumes | |||||||||||||||
| Fairness ($B) | $126.4 | $85.5 | 48 | % | $50.8 | 149 | % | ||||||||
| Choices Contracts (M) | 158.0 | 136.1 | 16 | % | 96.6 | 64 | % | ||||||||
| Crypto ($B) | $5.6 | $3.7 | 51 | % | $2.3 | 143 | % | ||||||||
| Each day Common Income Trades (DARTs) (M) | |||||||||||||||
| Fairness | 2.0 | 2.0 | – | 1.4 | 43 | % | |||||||||
| Choices | 0.9 | 0.9 | – | 0.6 | 50 | % | |||||||||
| Crypto | 0.2 | 0.2 | – | 0.2 | – | ||||||||||
| Buyer Margin and Money Sweep ($B) | |||||||||||||||
| Margin E book | $6.2 | $5.5 | 13 | % | $3.5 | 77 | % | ||||||||
| Whole Money Sweep | $25.5 | $24.5 | 4 | % | $13.9 | 83 | % | ||||||||
| Gold Money Sweep | $24.8 | $23.9 | 4 | % | $13.2 | 88 | % | ||||||||
| Non-Gold Money Sweep | $0.7 | $0.6 | 17 | % | $0.7 | – | |||||||||
| Whole Securities Lending Income ($M) | $19 | $18 | 6 | % | $11 | 73 | % | ||||||||
For definitions and extra data concerning these metrics, please seek advice from Robinhood’s full month-to-month metrics launch, which is obtainable on traders.robinhood.com.
The knowledge on this launch is unaudited and the data for the months in the latest fiscal quarter is preliminary, based mostly on Robinhood’s estimates, and topic to completion of monetary closing procedures. Ultimate outcomes for the latest fiscal quarter, as reported in Robinhood’s quarterly and annual filings with the U.S. Securities and Alternate Fee (“SEC”), may differ from the data on this launch.
About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) remodeled monetary companies by introducing commission-free inventory buying and selling and democratizing entry to the markets for hundreds of thousands of traders. At the moment, Robinhood helps you to commerce shares, choices, commodity pursuits, and crypto, make investments for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood places clients within the driver’s seat, delivering unprecedented worth and merchandise deliberately designed for a brand new era of traders. Further details about Robinhood might be discovered at www.robinhood.com.
Robinhood makes use of the “Overview” tab of its Investor Relations web site (accessible at traders.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of exposing data to the general public in a broad, non-exclusionary method for functions of the U.S. Securities and Alternate Fee’s (“SEC”) Regulation Truthful Disclosure (Reg. FD). Traders ought to routinely monitor these internet pages, along with Robinhood’s press releases, SEC filings, and public convention calls and webcasts, as data posted on them may very well be deemed to be materials data.
“Robinhood” and the Robinhood feather emblem are registered logos of Robinhood Markets, Inc. All different names are logos and/or registered logos of their respective homeowners.
Contacts
Investor Relations
ir@robinhood.com
Media
press@robinhood.com