US neobroker Robinhood Markets Inc (NASDAQ:HOOD) has reported select monthly operating data for February 2026, indicating a reduction in activity across most areas of its business.

The decrease in activity also pertains to Robinhood’s fast growing Event Contracts business, which saw a 22% decline in average daily activity versus January.

We’d note that the US-Israel-Iran war, which has reinjected volatility to all areas of the financial markets, began on Saturday February 28, at the very end of the month, such that March activity is likely to look very different at Robinhood and other brokers. (For example, the CME reported energy complex volume records on March 6.) However we’ll need to wait a few more weeks for more March feedback.

Robinhood, which reported record revenues of $1.28 billion in Q4 2025, released the following information for February 2026.

Funded Customers at the end of February were 27.4 million (up approximately 140 thousand from the end of January 2026, up approximately 1.74 million year-over-year).

Total Platform Assets at the end of February were $314 billion (down 3% from the end of January 2026, up 68% year-over-year).

Net Deposits were $5.6 billion in February, or a 21% annualized growth rate relative to January 2026 Total Platform Assets.

• Over the last twelve months, Net Deposits were $67.8 billion, or an annual growth rate of 36% relative to February 2025 Total Platform Assets.

Trading Volumes in February:

• Equity Notional Trading Volumes were $194.4 billion (down 14% from January 2026, up 36% year-over-year). Average daily volumes (“ADVs”) were $10.2 billion (down 11% from January 2026, up 36% year-over-year).
• Options Contracts Traded were 180.3 million (down 10% from January 2026, up 9% year-over-year). ADVs were 9.5 million contracts (down 5% from January 2026, up 9% year-over-year).
• Crypto Notional Trading Volumes were $25.0 billion (up 9% from January 2026, up 74% year-over-year), including Robinhood App Notional Trading Volumes of $9.4 billion (up 8% from January 2026, down 35% year-over-year), and Bitstamp Notional Trading Volumes of $15.6 billion (up 10% from January 2026). Robinhood App ADVs were $336 million (up 20% from January 2026, down 35% year-over-year), and Bitstamp ADVs were $557 million (up 22% from January 2026).
• Event Contracts Traded were 2.4 billion (down 29% from January 2026). ADVs were 86 million (down 22% from January 2026).

Interest Earning Assets in February:

• Margin balances at the end of February were $17.2 billion (down 7% from the end of January 2026, up 98% year-over-year).
• Cash and Deposit balances at the end of February were $16.5 billion (up 41% from the end of January 2026, up 67% year-over-year). In February 2026, we updated our brokerage High-Yield Cash program to fund growth in margin lending, which resulted in over $6 billion of Cash Sweep balances moving to free credit balances. These balances are now reflected in “Cash and Deposits” and customers continue to earn the same interest rate.
• Cash Sweep balances at the end of February were $25.8 billion, which reflects the brokerage High-Yield Cash offering updates described above (down 18% from the end of January 2026, down 2% year-over-year).

Total Securities Lending Revenue in February was $25 million (down 26% from January 2026, up 14% year-over-year). This includes Securities Lending, Net revenues of ($1) million.

Robinhood’s full February 2026 operating data release can be seen here.