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Robinhood Markets
_logo.svg){kind=logo} | |
| Company type | Public |
|---|---|
| |
| Industry | Financial services |
| Founded | April 18, 2013 |
| Founders | |
| Headquarters | , U.S. |
Area served |
|
Key people | Vladimir Tenev (CEO) |
| Services | |
| Revenue |  US$1.865 billion (2023) |
 US$−536 million (2023) | |
| US$−541 million (2023) | |
| Total assets | US$32.33 billion (2023) |
| Total equity |  US$6.696 billion (2023) |
| Owners |
|
Number of employees | c. 2,200 (2023) |
| Website | robinhood sherwood |
| Footnotes / references [1] | |
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Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California. The company provides an electronic trading platform accessible via mobile app that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrency, as well as cryptocurrency wallets, credit cards and other banking services.[1] The company's revenue comes from transaction-based revenues (including payment for order flow and markups on cryptocurrency; 50% of Q3 2024 revenues), net interest income (primarily from margin lending, interest earned on customers' cash balances, and credit cards; 43% of Q3 2024 revenues), and subscription fees (7% of Q3 2024 revenues).[2][1] The company has 24.3 million funded customers, 11.0 million monthly active users, and $152 billion in assets under custody.[2]
The company is named after Robin Hood, based on its mission to "provide everyone with access to the financial markets, not just the wealthy", with no commissions or minimum account balances.[3][4] The company has been referred to as an innovator in zero-commission stock trading, as it relies on other sources of revenues.[5] Robinhood has targeted millennials as customers; in 2022, the average age of its customers was 32.[6]
- ^ a b c "Robinhood Markets, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 27, 2024.
- ^ a b "Robinhood Reports Third Quarter 2024 Results" (Press release). GlobeNewswire. October 30, 2024.
- ^ Touryalai, Halah (February 26, 2014). "Forget $10 Trades, Meet Robinhood: New Brokerage Targets Millennials With Little Cash". Forbes. Archived from the original on September 12, 2014.
- ^ LEVICK, KEVIN (August 6, 2021). "Behind The Label: Robinhood". TheStreet.com.
- ^ Malz, Allan M. (Fall 2021). "The GameStop Episode: What Happened and What Does It Mean?". Cato Institute.
- ^ Osipovich, Alexander (September 12, 2022). "Robinhood's New Index Gives Insight Into Younger Investors". The Wall Street Journal.
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