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Robinhood Markets, Inc. HOOD Securities lending, net — Net interest revenues

Other product segments

Margin interest
$193M+75.5%
Interest on segregated cash, cash equivalents, securities, and deposits, net
$58M+3.6%
Cash Sweep
$45M-6.3%
Interest on corporate cash and investments
$34M-30.6%
Credit card, net
$32M+220%
Other
$1M

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$1.15M-63.1%

Other financials

Income statement

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Revenue$1.3B+32.3%
Net income$561.0M+45.3%
EPS (diluted)$0.62+47.6%

Balance sheet

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Cash & equivalents$5.4B-58.7%
Total debt$2.2B+1,519%
Total equity$9.5B+18.2%
Total assets$56.6B+60.1%

Cash flow

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Operating cash flow$720.0M-79.5%
CapEx$1.0M-83.3%
Free cash flow$370.0M+129%

Valuation

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Market cap$83.43B-11.1%
P/E40.3×-12.2×
P/S16.9×-9.4×

Profitability

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Net margin42%-8.1pp
FCF margin-100.7%-128pp

Returns & leverage

See full
Return on equity23.5%0.0pp
Debt / equity0.2×+0.2×
Current ratio1.2×0.0×

Where this comes from

Reported directly by Robinhood Markets, Inc. in its filing.

Tagged under the XBRL concept us-gaap:InterestIncomeExpenseNet.

The source filing: Robinhood Markets, Inc.’s 10-Q, filed April 29, 2026.

Filed
Apr 28, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001783879-26-000062
(in millions)Three Months Ended March 31, 20252026
Interest revenue$100$97
Interest expense(77)(93)
Securities lending, net$23$4

Item 1. Unaudited Financial Statements

FAQ

What is Robinhood Markets, Inc.'s securities lending, net — net interest revenues?
Robinhood Markets, Inc. (HOOD) reported securities lending, net — net interest revenues of $4M in Q1 2026.
How has Robinhood Markets, Inc.'s securities lending, net — net interest revenues changed year-over-year?
Robinhood Markets, Inc.'s securities lending, net — net interest revenues decreased by 82.6% year-over-year, from $23M to $4M.
What is the long-term trend for Robinhood Markets, Inc.'s securities lending, net — net interest revenues?
Over 3 years (2021 to 2025), Robinhood Markets, Inc.'s securities lending, net — net interest revenues has grown at a 11.8% compound annual growth rate (CAGR), from $136M to $190M.
What does securities lending, net — net interest revenues mean?
This metric represents the net revenue generated from lending securities held in customer accounts to third-party financial institutions. It is calculated as the interest income earned from lending these securities minus the interest expense paid to customers or counterparties. This activity is a key component of the firm's yield-generating services and reflects the efficiency of its securities lending desk.

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