Robinhood Markets

Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California. It provides an electronic trading platform that facilitates trades of stocks, exchange-traded funds, options, index options, futures contracts, event contracts on prediction markets, and cryptocurrency. It also offers cryptocurrency wallets, wealth management, credit cards and other banking services, some in partnership with banks insured by the FDIC, as well as a news website, Sherwood.News. The company's revenue comes from payment for order flow and commissions on options (25% of Q4 2025 revenues), cryptocurrency (17% of Q4 2025 revenues), equities (7% of Q4 2025 revenues), and other products such as futures and event contracts (11% of Q4 2025 revenues); net interest income from margin lending, interest earned on corporate and customer cash balances, securities lending, and credit cards (32% of Q4 2025 revenues); subscription fees on its Robinhood Gold product (4% of Q4 2025 revenues); and other sources, primarily advertising revenue from Sherwood.News (4% of Q4 2025 revenues). The company has 27.0 million funded customers with 28.4 million investment accounts and $324 billion in assets under custody. Its platform is available in the U.S., the UK, and, for trading cryptocurrency and tokenized stocks and ETFs only, in the European Union. Over 200 million option contracts and 3 billion event contracts are traded monthly on the Robinhood platform.

The company has been referred to as an innovator in zero-commission stock trading, as it relies on other sources of revenues. Robinhood has targeted millennials as customers; in March 2025, the average age of its customers was 35.

The company does not allow trading in mutual funds, preferred stocks, bonds, some high-risk penny stocks, and new positions in options on their expiration dates in the last 30 minutes of the trading day.