Robinhood Markets, Inc. Reports February 2026 Operating Data

Robinhood's customer base saw continued expansion, with funded customers reaching 27.4 million by the end of February 2026. This marks an increase of approximately 140,000 customers from January and a substantial growth of about 1.74 million compared to the same month last year. This growth reflects Robinhood's ongoing appeal to new investors looking for accessible trading platforms.

At the end of February 2026, Robinhood reported total platform assets of $314 billion. While this figure represents a 3% decline from January, it exhibits a remarkable 68% increase year-over-year. The dip in assets from the previous month can be attributed to the fluctuations in trading activity, which also affected deposit levels.

Net deposits for February amounted to $5.6 billion, showcasing a robust annualized growth rate of 21% relative to January 2026's total platform assets. Over the past twelve months, net deposits reached $67.8 billion, reflecting a significant annual growth rate of 36% compared to February 2025.

In February, equity notional trading volumes totaled $194.4 billion, down 14% from January but up 36% year-over-year. The average daily volumes (ADVs) for equities were $10.2 billion, which is an 11% decrease from January yet still represents a 36% increase from the previous year.

Options trading also saw a decline, with 180.3 million contracts traded in February—down 10% from January but up 9% year-over-year. The ADVs for options were 9.5 million contracts, reflecting a 5% drop from January.

In contrast, the crypto sector exhibited strong performance. Notional trading volumes in cryptocurrency reached $25.0 billion, marking a 9% increase from January and a substantial 74% year-over-year rise. The Robinhood App accounted for $9.4 billion of this total, while Bitstamp contributed $15.6 billion. Moreover, the ADVs for crypto were $893 million, up 21% from January.

Event contracts traded in February stood at 2.4 billion, down 29% from January, with ADVs declining by 22%. The margin balances at the end of February were $17.2 billion, indicating a 7% decline from January but a significant year-over-year increase of 98%.

Cash and deposit balances were reported at $16.5 billion, a 41% increase from January and up 67% year-over-year. This surge is partly attributed to updates in Robinhood's High-Yield Cash program, which moved over $6 billion of Cash Sweep balances to free credit balances, allowing customers to continue earning the same interest rate.

February's total securities lending revenue was $25 million, reflecting a 26% decrease from January but a 14% increase year-over-year. This decline has been attributed to lower demand for hard-to-borrow securities, even as general collateral lending for margin growth remained steady.

As Robinhood continues to evolve, it remains focused on expanding its user base and enhancing its product offerings. The company’s strong growth in net deposits and total platform assets indicates a resilient business model, even amid challenging trading environments. Investors and stakeholders will be keen to see how Robinhood navigates these fluctuations in trading volumes in the coming months, particularly in the burgeoning crypto market.

Robinhood’s commitment to democratizing finance remains strong as it adapts to the changing landscape of retail investing, striving to provide value and innovative solutions for its growing customer base.