Discontinued — last reported Q3 '25
Robinhood Markets, Inc. Fully-Paid Securities Lending — Interest Expense, Operating increased by 33.3% to $8.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 166.7%, from $3.00M to $8.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase may signal higher payouts to customers to incentivize participation, which could compress margins if not offset by higher lending income.
This metric represents the interest expense incurred by the platform in connection with its fully-paid securities lendin...
Comparable to interest expense on customer cash balances or securities lending rebates at other financial services firms.
hood_segment_fully_paid_securities_lending_interest_expense_operating| Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $2.00M | $2.00M | $4.00M | $3.00M | $4.00M | $6.00M | $8.00M |
| QoQ Change | — | +100.0% | +0.0% | +100.0% | -25.0% | +33.3% | +50.0% | +33.3% |
| YoY Change | — | — | — | +300.0% | +50.0% | +100.0% | +50.0% | +166.7% |