Robinhood sets Revenue and Profit records in Q2 2024 driven by Interest, Crypto Trading
The largest individual Revenue item for Robinhood is now actually Interest income, up 22% year-over-year to $285 million.
The largest individual Revenue item for Robinhood is now actually Interest income, up 22% year-over-year to $285 million.
Robinhood transaction-based revenues increased 59% YoY to $329 million, driven by cryptocurrencies revenue of $126 million, up 232%.
For the full year 2023 Revenues at Robinhood came in at $1.87 billion, up 37% year-over-year.
Robinhood revenues increased 10% sequentially to $486 million, primarily due to seasonally higher proxy revenue and higher net interest.