What is Robinhood Markets, Inc.'s brokerage, clearing and exchange fees?

Robinhood Markets, Inc. (HOOD) reported brokerage, clearing and exchange fees of $60.00M in Q1 2026.

How has Robinhood Markets, Inc.'s brokerage, clearing and exchange fees changed year-over-year?

Robinhood Markets, Inc.'s brokerage, clearing and exchange fees increased by 20.0% year-over-year, from $50.00M to $60.00M.

What is the long-term trend for Robinhood Markets, Inc.'s brokerage, clearing and exchange fees?

Over 4 years (2021 to 2025), Robinhood Markets, Inc.'s brokerage, clearing and exchange fees has grown at a 7.5% compound annual growth rate (CAGR), from $158.00M to $211.00M.

What does brokerage, clearing and exchange fees mean?

Fees paid to third-party exchanges and clearing houses to process trades.

Operating Expenses

Brokerage, clearing and exchange fees

Robinhood Markets, Inc. Brokerage, clearing and exchange fees increased by 5.3% to $60.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 20.0%, from $50.00M to $60.00M. Over 4 years (FY 2021 to FY 2025), Brokerage, clearing and exchange fees shows an upward trend with a 7.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement

SectionOperating Expenses

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2019

Last reportedQ1 2026Apr 29, 2026

How to read this metric

Higher costs generally correlate with higher trading volumes and fee-based revenue, but excessive costs relative to volume may indicate margin compression.

Detailed definition

Direct costs incurred for the execution, clearing, and settlement of financial transactions on behalf of clients. These...

Peer comparison

Standard for firms involved in trading and investment servicing; often compared to transaction-based revenue.

Metric ID: ms_brokerage_clearing_exchange_fees

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$38.00M	$44.00M	$35.00M	$31.00M	$30.00M	$33.00M	$85.00M	$36.00M	$39.00M	$39.00M	$32.00M	$35.00M	$40.00M	$39.00M	$50.00M	$50.00M	$48.00M	$56.00M	$57.00M	$60.00M
QoQ Change	—	+15.8%	-20.5%	-11.4%	-3.2%	+10.0%	+157.6%	-57.6%	+8.3%	+0.0%	-17.9%	+9.4%	+14.3%	-2.5%	+28.2%	+0.0%	-4.0%	+16.7%	+1.8%	+5.3%
YoY Change	—	—	—	—	-21.1%	-25.0%	+142.9%	+16.1%	+30.0%	+18.2%	-62.4%	-2.8%	+2.6%	+0.0%	+56.3%	+42.9%	+20.0%	+43.6%	+14.0%	+20.0%

Range$30.00M – $85.00M

CAGR+10.1%

Avg YoY Growth+18.5%

Median YoY Growth+17.2%

Current Streak3 quarters growth

Brokerage, clearing and exchange fees at Other Companies

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Frequently Asked Questions

What is Robinhood Markets, Inc.'s brokerage, clearing and exchange fees?: Robinhood Markets, Inc. (HOOD) reported brokerage, clearing and exchange fees of $60.00M in Q1 2026.
How has Robinhood Markets, Inc.'s brokerage, clearing and exchange fees changed year-over-year?: Robinhood Markets, Inc.'s brokerage, clearing and exchange fees increased by 20.0% year-over-year, from $50.00M to $60.00M.
What is the long-term trend for Robinhood Markets, Inc.'s brokerage, clearing and exchange fees?: Over 4 years (2021 to 2025), Robinhood Markets, Inc.'s brokerage, clearing and exchange fees has grown at a 7.5% compound annual growth rate (CAGR), from $158.00M to $211.00M.
What does brokerage, clearing and exchange fees mean?: Fees paid to third-party exchanges and clearing houses to process trades.