Robinhood Markets, Inc. Cash sweep — Net interest revenues decreased by 21.1% to $45.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 6.3%, from $48.00M to $45.00M. Over 3 years (FY 2021 to FY 2025), Cash sweep — Net interest revenues shows an upward trend with a 324.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase suggests higher customer cash balances or a favorable interest rate environment, while a decrease indicates lower cash holdings or a contraction in interest rate spreads.
This metric represents the net interest income generated from customer cash balances held in sweep accounts, where uninv...
Comparable to net interest income from cash management or deposit sweep programs at other fintech platforms, neobanks, and traditional brokerage firms.
hood_segment_cash_sweep_net_interest_revenues| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '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 | $750.00K | $750.00K | $750.00K | $8.00M | $22.00M | $29.00M | $35.00M | $37.00M | $39.00M | $44.00M | $46.00M | $50.00M | $48.00M | $60.00M | $64.00M | $57.00M | $45.00M |
| QoQ Change | — | +0.0% | +0.0% | +966.7% | +175.0% | +31.8% | +20.7% | +5.7% | +5.4% | +12.8% | +4.5% | +8.7% | -4.0% | +25.0% | +6.7% | -10.9% | -21.1% |
| YoY Change | — | — | — | +966.7% | — | — | +337.5% | — | +77.3% | +51.7% | +31.4% | +35.1% | +23.1% | +36.4% | +39.1% | +14.0% | -6.3% |