NASDAQ$HOOD
Robinhood Markets Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Robinhood's Q3 2024 results were announced, reporting a 36% year-over-year revenue increase to $637 million and a GAAP diluted EPS of $0.17.
Robinhood reported strong Q3 2024 results, with revenues up 36% year-over-year to $637 million and GAAP diluted EPS of $0.17. The company exceeded prior full-year records for both revenue and EPS. Key growth drivers included options, cryptocurrencies, and equities revenues.
- Total net revenues increased 36% year-over-year to $637 million.
- Net income increased year-over-year to $150 million, with a diluted EPS of $0.17.
- Funded Customers increased by 1.0 million year-over-year to 24.3 million.
- Assets Under Custody (AUC) increased 76% year-over-year to $152.2 billion.
Headline financials
Revenue & EPS history
Robinhood · Revenue · Quarterly
$637M
Revenue by segment
Robinhood · $282M total across 2 segments · Q3 2023
- Net interest$251M+96.1%89.0%
- Other revenue$31M+24.0%11.0%
Forward guidance
Robinhood anticipates continued investments in new products, features, and international expansion while focusing on efficiency in existing businesses. The outlook for GAAP total operating expenses is $1.86 billion to $1.96 billion. The outlook for Non-GAAP combined Adjusted Operating Expenses and SBC for full-year 2024 is unchanged at $1.85 billion to $1.95 billion.
Tailwinds
- Growth investments in new products
- Growth investments in new features
- Growth investments in international expansion
- Focusing on efficiency in existing businesses
- Executing on authorized $1 billion share repurchase program
Headwinds
- Potential significant regulatory matters
- Other significant expenses (such as impairments, restructuring charges, and business acquisition- or disposition-related expenses)
- Accruals we may determine in the future are required
- Rate of growth in Funded Customers and our effectiveness to cross-sell products which affects variable marketing costs
- Degree to which we are successful in managing credit losses and preventing fraud
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-1.4%
Avg return
Earnings day
-2.8%
Avg return
5 days after
+1.9%
Avg return
30 days after
36%
9 / 25 earnings
Positive
+14.1%
Q4 2024
Best reaction
-16.2%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.3% | -6.7% | +14.9% | |
| Q4 2025 | +0.0% | -26.9% | -20.8% | |
| Q3 2025 | -8.8% | -7.4% | -7.4% | |
| Q2 2025 | -2.9% | -0.6% | -2.0% | |
| Q1 2025 | -5.1% | -0.9% | +34.7% | |
| Q4 2024 | +14.1% | +2.3% | -9.7% | |
| Q3 2024 | -16.2% | -13.2% | +33.9% | |
| Q2 2024 | +3.0% | +7.7% | +10.1% | |
| Q1 2024 | -3.8% | -6.1% | +23.3% | |
| Q4 2023 | +11.4% | -4.1% | +50.6% | |
| Q3 2023 | -12.8% | -14.2% | +19.7% | |
| Q2 2023 | -10.3% | -11.9% | -13.7% | |
| Q1 2023 | +5.9% | -5.0% | +3.3% | |
| Q4 2022 | -4.5% | +5.8% | -5.2% | |
| Q3 2022 | +3.4% | +0.9% | -16.2% | |
| Q2 2022 | +14.0% | +15.0% | +6.5% | |
| Q1 2021 | -10.5% | -23.2% | -13.6% | |
| Q1 2022 | +3.1% | +6.2% | +9.1% | |
| Q4 2019 | +6.9% | +8.4% | +14.1% | |
| Q4 2021 | +2.6% | +18.0% | -6.4% | |
| Q3 2020 | -1.7% | +4.4% | -21.3% | |
| Q3 2021 | -9.2% | -10.4% | -28.3% | |
| Q2 2020 | -4.2% | -3.0% | -9.2% | |
| Q2 2021 | -4.2% | -3.0% | -9.2% | |
| Q4 2020 | -4.2% | -3.0% | -9.2% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro