Robinhood Markets, Inc. Margin interest — Net interest revenues decreased by 1.5% to $193.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 75.5%, from $110.00M to $193.00M. Over 3 years (FY 2021 to FY 2025), Margin interest — Net interest revenues shows an upward trend with a 63.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase suggests higher customer leverage and engagement with margin trading, while a decrease may indicate reduced risk appetite or lower market activity. It is highly sensitive to prevailing interest rate environments and the total volume of outstanding margin debt.
This metric represents the net interest income generated from lending funds to customers to purchase securities on margi...
Comparable to net interest income from margin lending at other retail brokerage firms, though it varies based on the firm's specific interest rate spread and customer margin utilization rates.
hood_segment_margin_interest_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 | $33.00M | $33.00M | $33.00M | $48.00M | $53.00M | $57.00M | $67.00M | $66.00M | $72.00M | $73.00M | $83.00M | $91.00M | $110.00M | $114.00M | $153.00M | $196.00M | $193.00M |
| QoQ Change | — | +0.0% | +0.0% | +45.5% | +10.4% | +7.5% | +17.5% | -1.5% | +9.1% | +1.4% | +13.7% | +9.6% | +20.9% | +3.6% | +34.2% | +28.1% | -1.5% |
| YoY Change | — | — | — | +45.5% | — | — | +39.6% | — | +35.8% | +28.1% | +23.9% | +37.9% | +52.8% | +56.2% | +84.3% | +115.4% | +75.5% |