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Robinhood Markets, Inc. HOOD Brokerage, clearing and exchange fees

Brokerage, clearing and exchange fees at other companies

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Morgan StanleyMS
$1.26B+2.8%

Other financials

Income statement

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Revenue$1.1B+15.1%
Net income$350.0M+4.2%
EPS (diluted)$0.38+2.7%

Balance sheet

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Cash & equivalents$11.8B+32.4%
Total debt$223.0M+65.2%
Total equity$9.7B+21.8%
Total assets$45.5B+65.3%

Cash flow

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Operating cash flow$2.0B+217%
CapEx$1.0M-83.3%
Free cash flow$370.0M+129%

Valuation

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Market cap$90.3B+36.1%
Enterprise value$78.7B+45.7%
P/E47.6×+10.5×
P/S19.6×+1.0×

Profitability

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Net margin41.1%-7.7pp
FCF margin-100.7%-128pp

Returns & leverage

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Return on equity21.5%+0.1pp
Debt / equity0.0×
Current ratio1.2×-0.1×

Questions, answered.

What does brokerage, clearing and exchange fees mean?
These are the direct costs incurred to execute, clear, and settle customer trades on various financial exchanges. This metric is highly correlated with trading volume and reflects the variable cost structure of a brokerage business.