Robinhood Markets, Inc. Reports November 2022 Operating Data
December 07 2022 - 08:00AM
Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported
selected monthly operating data for November 2022:
- Net Cumulative Funded Accounts (NCFA) at the end of November
were 23.0 million, up approximately 40 thousand from October 2022.
Monthly Active Users (MAU) at the end of November were 12.5
million, unchanged with the end of October 2022.
- Assets Under Custody (AUC) at the end of November were $70.2
billion, unchanged with the end of October 2022. Net Deposits were
$1.7 billion in November, translating to a 28% annualized growth
rate relative to October 2022 AUC. Over the last twelve months, Net
Deposits were $18.9 billion, translating to an annual growth rate
of 18% relative to November 2021 AUC.
- Notional Trading Volumes - which are the primary driver of
transaction revenues - were higher in November for options and
crypto from October 2022, and lower for equities. Equities were
$44.7 billion (down 4%), Option contracts were 81.8 million (up
4%), and Cryptocurrencies were $5.7 billion (up 60%).
- Margin Balances at the end of November were $3.5 billion, down
$0.3 billion from the end of October 2022. Cash Sweep Balances at
the end of November were $5.0 billion, up $1.2 billion from the end
of October 2022. Since the end of Q3, the $2.0 billion increase in
cash sweep balances through the end of November was primarily
driven by customers depositing cash following the introduction of
the Gold cash sweep program, leading total Cash Held by Users to
increase by $2.2 billion over the same period, from $8.1 billion to
$10.3 billion.
|
November 2022 |
October 2022 |
Change M/M |
November 2021 |
Change Y/Y |
(M - in millions, B - in
billions) |
|
|
|
|
|
User Growth
(M) |
|
|
|
|
|
Net Cumulative Funded Accounts
(NCFA) |
23.0 |
22.9 |
0% |
22.7 |
1% |
|
|
|
|
|
|
Engagement
(M) |
|
|
|
|
|
Monthly Active Users
(MAU) |
12.5 |
12.5 |
0% |
18.6 |
-33% |
|
|
|
|
|
|
Assets Under Custody
(AUC) ($B) |
|
|
|
|
|
Total AUC |
$70.2 |
$70.2 |
0% |
$107.5 |
-35% |
|
|
|
|
|
|
Cumulative Net Deposits |
$89.1 |
$87.5 |
2% |
$70.2 |
27% |
Net Deposits |
$1.7 |
$1.6 |
N/M |
$1.9 |
N/M |
|
|
|
|
|
|
Trading |
|
|
|
|
|
Trading Days (equities and
options) |
21 |
21 |
0% |
21 |
0% |
Total Trading
Volumes |
|
|
|
|
|
Equity ($B) |
$44.7 |
$46.7 |
-4% |
$96.9 |
-54% |
Options contracts (M) |
81.8 |
78.7 |
4% |
113.0 |
-28% |
Crypto ($B) |
$5.7 |
$3.5 |
60% |
$14.9 |
-62% |
|
|
|
|
|
|
Daily
Average Revenue Trades (DARTs) (M) |
|
|
|
|
Equity DARTs |
1.3 |
1.3 |
1% |
2.5 |
-47% |
Option DARTs |
0.6 |
0.6 |
1% |
0.9 |
-41% |
Crypto DARTs |
0.3 |
0.2 |
40% |
0.5 |
-37% |
|
|
|
|
|
|
Customer Margin and Cash Sweep Balances ($B) |
|
|
|
|
Margin Book |
$3.5 |
$3.8 |
-7% |
$6.6 |
-47% |
Cash Sweep |
$5.0 |
$3.8 |
31% |
$2.3 |
119% |
For definitions and additional information regarding these
metrics, please refer to Robinhood’s full monthly metrics update,
which is available on investors.robinhood.com.
The information in this release is unaudited and the information
for the months in the most recent fiscal quarter is preliminary,
based on Robinhood’s estimates, and subject to completion of
financial closing procedures. Final results for the most recent
fiscal quarter, as reported in Robinhood’s quarterly and annual
filings with the U.S. Securities and Exchange Commission (“SEC”),
might vary from the information in this release.
About Robinhood
Robinhood Markets is on a mission to democratize finance for
all. With Robinhood, people can invest with no account minimums
through Robinhood Financial LLC, buy and sell crypto through
Robinhood Crypto, LLC, spend, save, and earn rewards through
Robinhood Money, LLC, and learn about investing through easy-to
understand educational content.
Robinhood uses the “Overview” tab of its Investor Relations
website (accessible at investors.robinhood.com/overview) and its
blog, Under the Hood (accessible at blog.robinhood.com), as means
of disclosing information to the public for purposes of the SEC’s
Regulation Fair Disclosure (Reg. FD). Investors should routinely
monitor those web pages, in addition to Robinhood’s press releases,
SEC filings, and public conference calls and webcasts, as
information posted on them could be deemed to be material
information.
"Robinhood" and the Robinhood feather logo are registered
trademarks of Robinhood Markets, Inc.
Contacts
Investor Relations
ir@robinhood.com
Media
press@robinhood.com
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