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Robinhood Markets, Inc. Total Operating Expenses 2019-2026 | HOOD

Annual FY2019–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$2.38B

+25.4%YoY vs FY2024Source: 10-KFY2025

From $384.5M in FY2019 to $2.38B in FY2025: 6.2× in 6 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$656M+17.8%Not reportedNot reportedNot reported
FY25$557M+21.1%$550M+11.6%$639M+31.5%$633M+38.2%
FY24$460M−51.6%$493M+5.8%$486M−10.0%$458M+2.9%
FY23$950M+37.7%$466M−23.6%$540M+0.9%$445M−16.7%
FY22$690M+48.7%$610M+21.8%$535M−68.7%$534M−31.8%
Share26%22%29%23%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionStable
CAGR

+20.3%

FY2020
$945.0M
FY2025
$2.38B

5 years selected · on the chart

Total Operating Expenses History

Year-over-year comparison from 10-K annual reports

  1. $2.38B
YoY changeLargest recent move+265.7%in FY21Latest +25.4%

1 older move runs past ±150% (largest +265.7%); point at, tap or drag across the bars to read one.

Total Operating Expenses, period by period

PeriodValueChangeSource
FY2025$2.38B+25.4%10-K
FY2024$1.90B−21.0%10-K
FY2023$2.40B+1.4%10-K
FY2022$2.37B−31.5%10-K
FY2021$3.46B+265.7%10-K
FY2020$945.0M+145.8%10-K
FY2019$384.5M—10-K

What is total operating expenses?

Total operating expenses include all costs related to running the core business, including cost of goods sold, R&D, and SG&A.

What is Robinhood Markets, Inc.'s current total operating expenses?

Robinhood Markets, Inc. (HOOD) annual total operating expenses for 2025 was $2.38B, a 25.41% increase from 2024. Robinhood Markets, Inc. total operating expenses for the quarter ending March 31, 2026 was $656.0M.

What was Robinhood Markets, Inc.'s total operating expenses in 2024?

Robinhood Markets, Inc. annual total operating expenses for 2024 was $1.90B, a 20.99% decline from 2023.

What was Robinhood Markets, Inc.'s total operating expenses in 2023?

Robinhood Markets, Inc. annual total operating expenses for 2023 was $2.40B, a 1.35% increase from 2022.

What is Robinhood Markets, Inc.'s 5-year total operating expenses CAGR?

Robinhood Markets, Inc. total operating expenses grew at a compound annual growth rate (CAGR) of 20.28% from FY2020 to FY2025, going from $945.0M to $2.38B over 5 years.

Company
Robinhood Markets, Inc.
Ticker
HOOD
Sector
Other
Industry
Security Brokers, Dealers & Flotation Companies