Robinhood Assets Jump 48% to $377 B as Equity Volumes Climb 75%
HOOD•Robinhood’s funded customers rose to 27.7 million in May, a 7% year-over-year increase, while total platform assets climbed 48% to $377 billion. Equity trading volumes surged 75% year-over-year to $315 billion and average daily equity volumes jumped 84% to $15.8 billion, driving $5.6 billion in net deposits.
1. Funded Customer and Asset Growth
Funded customers reached 27.7 million at month-end, up 110 thousand from April and 1.76 million year-over-year, driving total platform assets to $377 billion, a 9% sequential and 48% annual increase.
2. Net Deposits and Cash Balances
Net deposits totaled $5.6 billion in May, reflecting a 19% annualized growth rate relative to April platform assets. Over the last twelve months, net deposits reached $69.1 billion, marking a 27% year-over-year expansion.
3. Trading Volumes and ADVs
Equity notional trading volumes hit $315 billion in May, up 27% month-over-month and 75% year-over-year, with average daily equity volumes rising 34% to $15.8 billion. Options contracts traded rose 3% sequentially to 231 million, while crypto volumes reached $12.2 billion.
4. Interest-Earning Assets and Securities Lending
Interest-earning assets grew as margin balances climbed to $19.5 billion, up 8% from April and 117% year-over-year, and cash and deposit balances reached $18.6 billion, up 3% monthly and 54% annually. Total securities lending revenue increased 13% month-over-month to $36 million.
