Robinhood Markets (NASDAQ: HOOD) Update

Shares of Robinhood Markets experienced a modest increase at the market open following the release of preliminary November 2024 operating data and an Investor Day presentation now accessible on the company's investor relations site.

Key Highlights

• Funded Customers: There was a substantial growth of over 400,000 in November.
• Assets Under Custody (AUC): AUC reached over $190 billion, reflecting an increase of over 15% from October 2024 and over 100% year-over-year.
• Net Deposits: Exceeded $5 billion in November, totaling more than $47 billion over the past year.
• Trading Activity:
  • Equity Notional Trading Volumes: Over $145 billion, up over 15% from the previous month and 170% year-over-year.
  • Options Contracts Traded: Slight decrease of under 5% from October, yet still over 50% compared to last year.
  • Crypto Notional Trading Volumes: Surged over $30 billion, an increase of over 400% since October and 600% year-over-year.
• Margin Balances: Exceeded $6.5 billion, marking a 5% increase from October and 80% year-over-year growth.
• Cash Sweep Balances: Over $26 billion, a rise of over 2% from the previous month and 70% year-over-year.

Robinhood is set to release complete November 2024 Operating Data next week for further insights into its performance. Investors can refer to definitions of financial health metrics like AUC, Funded Customers, and more to understand the operational changes.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.