Robinhood Markets, Inc. Securities lending, net — Interest Expense, Operating increased by 20.8% to $93.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 20.8%, from $77.00M to $93.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase may reflect higher payouts to customers to incentivize participation in the lending program, while a decrease may indicate lower funding costs or reduced reliance on external securities.
This metric represents the interest expense incurred by the firm in connection with its securities lending operations, p...
Comparable to securities lending interest expense or rebate expenses reported by other retail and institutional brokerage firms.
hood_segment_securities_lending_net_interest_expense_operating| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $26.25M | $26.25M | $26.25M | $26.25M | $56.75M | $56.75M | $56.75M | $56.75M | $77.00M | $93.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +116.2% | +0.0% | +0.0% | +0.0% | +35.7% | +20.8% |
| YoY Change | — | — | — | — | +116.2% | +116.2% | +116.2% | +116.2% | +35.7% | +20.8% |