Robinhood Markets Inc. (NASDAQ: HOOD)

Robinhood Markets Inc. (NASDAQ: HOOD) provides financial services spanning retail brokerage, cryptocurrency, investment advisory, digital banking, and access to private markets. The company generates revenue through trading activity, interest-earning assets, subscriptions, and other financial services.

Founded in 2013 with a mission to democratize finance for all, Robinhood combines access to investing with tools and education that help customers participate in financial markets. Its broader vision is to make everyone an owner, reflecting its belief that widespread ownership contributes to a free, stable, and prosperous society.

Robinhood’s strategy centers on serving active traders, capturing a greater share of customers’ financial relationships, and building a global financial ecosystem. The company is expanding its products and geographic reach as it pursues these priorities.

Robinhood is headquartered in Menlo Park, California.

Products

Trading and Investing

Robinhood offers stocks, ETFs, cryptocurrency, options, futures, and prediction markets, with trading tools available through its app and Robinhood Legend platform. Customers can begin investing with as little as $1 and trade cryptocurrency around the clock. Robinhood Learn provides supporting education on investment fundamentals and the products available through the platform.

The company is adding AI tools that help customers put trading strategies into practice. As reported in its October 2026 earnings release, approximately 200,000 customers had opened Agentic Trading Accounts, generating more than $1.6 billion in notional trading volume. Robinhood Agents and Agent Apps were rolling out to eligible U.S. customers.

Robinhood is also expanding access to markets and trading hours. Its October earnings presentation identified U.S. perpetual futures as rolling out to eligible customers, while 24/7 trading of select U.S. equities and earnings contracts within its prediction markets hub had been announced but were not yet available.

Advisory and Financial Services

Robinhood Strategies provides professionally managed portfolios that proactively adjust customers’ investments, with Gold members paying no management fees on assets above $100,000. The service reached 350,000 funded customers and more than $2 billion in assets under management in Q3 2026. Robinhood’s retirement offering also grew, with assets under custody increasing 51% year over year to $36.6 billion.

Robinhood Gold is the company’s subscription offering and reached 5.2 million subscribers in Q3 2026, up 34% year over year. Its broader financial services include Robinhood Gold Card, which reached 1.3 million customers and more than $19 billion in annualized payment volume, and Robinhood Banking, which had nearly $5 billion in deposits from more than 350,000 funded customers. Robinhood Banking is rolling out to Gold subscribers, with banking services provided by Coastal Community Bank.

Global Expansion

Robinhood is expanding its international financial services. The company launched cryptocurrency trading in the United Kingdom and received authorization from the Dubai Financial Services Authority covering trading and custody across 10 approved asset classes, with a regional product rollout planned for 2027.

Market Opportunity

According to Mordor Intelligence, the U.S. online trading platform market is estimated at $3.61 billion in 2026 and projected to reach $4.82 billion by 2031, representing a compound annual growth rate of 5.92%. The report identifies rising retail participation, commission-free trading, and fractional shares as factors supporting adoption, while mobile platforms and AI-enabled analytics are expanding services beyond basic equity trading.

Robinhood’s focus includes bringing first-time investors into financial markets and serving more of their financial needs over time. Approximately 50% of U.S. users who started investing on Robinhood in Q1 2026 identified themselves as first-time investors. Its September 2026 investor presentation also reported that new customer cohorts’ average initial net deposits had grown approximately fourfold since its IPO, while the average value of incoming brokerage account transfers had roughly doubled.

Leadership Team

Vlad Tenev, Chairman, Chief Executive Officer and President, co-founded Robinhood in 2013 with the mission to democratize finance for all. He also serves as executive chairman and co-founder of Harmonic, an AI company focused on developing a reasoning engine. He holds a bachelor’s degree in mathematics from Stanford University and a master’s degree in mathematics from UCLA.

Shiv Verma, Chief Financial Officer, previously served as Robinhood’s senior vice president of finance and strategy, overseeing its Finance, Treasury, Corporate Strategy, and Corporate Development teams. Before joining Robinhood, he held roles at Oportun, PIMCO, Franklin Templeton Investments, Symphony Asset Management, JPMorgan, and the Oakland A’s. He holds a bachelor’s degree in economics from Stanford University and an MBA from UCLA.

Stephanie Guild, CFA, Chief Investment Officer, spent 21 years in financial services before joining Robinhood, most recently as a managing director and investment specialist at JPMorgan Private Bank. Her experience includes building client portfolios and working with institutional and intermediary clients within JPMorgan Asset Management. She holds a BBA from James Madison University and FINRA Series 7, 63, and 24 licenses.