Robinhood Markets (HOOD) Revenue — Quarter Ended Jun 30, 2023
Revenue increased compared to the prior quarter and rose substantially from the same period a year earlier. The upward trajectory continued from the preceding quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased compared to the prior quarter and rose substantially from the same period a year earlier. The upward trajectory continued from the preceding quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$486M
Revenue reported for this quarter.
Quarter-over-quarter
+10.2%
Change from the immediately preceding quarter.
Year-over-year
+52.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.7B
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 |
|---|---|---|
| Sep 30, 2022 | $361M | -1.1% |
| Dec 31, 2022 | $380M | +4.7% |
| Mar 31, 2023 | $441M | +47.5% |
| Jun 30, 2023 | $486M | +52.8% |
Revenue performance
The reported revenue reflects a sequential improvement and a significant year-over-year gain. The company's top line has been steadily climbing over recent quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew, and versus the same quarter one year earlier, the increase was pronounced. The trend shows consistent expansion from the prior year's levels.
What to watch
Monitor regulatory developments and the company's international expansion efforts, as these may influence future revenue trends.