Robinhood Markets (HOOD) Revenue — Quarter Ended Mar 31, 2023
Revenue increased for the quarter, marking a reversal of the prior decline from the same period last year. The growth was driven by improvements from both the preceding quarter and the comparable quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased for the quarter, marking a reversal of the prior decline from the same period last year. The growth was driven by improvements from both the preceding quarter and the comparable quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$441M
Revenue reported for this quarter.
Quarter-over-quarter
+16.1%
Change from the immediately preceding quarter.
Year-over-year
+47.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $318M | -43.7% |
| Sep 30, 2022 | $361M | -1.1% |
| Dec 31, 2022 | $380M | +4.7% |
| Mar 31, 2023 | $441M | +47.5% |
Revenue performance
Revenue rose compared to the immediately preceding quarter, continuing the upward trajectory from the prior period. The reported figure also exceeded the level from the same quarter one year ago.
Quarterly comparison
The current quarter's revenue was higher than both the prior quarter and the same quarter one year earlier. This marks a notable acceleration from the previous year's decline.
What to watch
No filing context was provided for commentary beyond the supplied revenue comparisons.