Robinhood Markets (HOOD) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a period of growth in the prior quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a period of growth in the prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$467M
Revenue reported for this quarter.
Quarter-over-quarter
-3.9%
Change from the immediately preceding quarter.
Year-over-year
+29.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.8B
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 |
|---|---|---|
| Dec 31, 2022 | $380M | +4.7% |
| Mar 31, 2023 | $441M | +47.5% |
| Jun 30, 2023 | $486M | +52.8% |
| Sep 30, 2023 | $467M | +29.4% |
Revenue performance
The reported revenue direction is down from the prior quarter, reflecting a reversal of the upward trend seen earlier in the fiscal year. Compared to the same quarter last year, revenue is higher.
Quarterly comparison
Revenue fell from the prior quarter, which had shown a larger increase over the same period last year. The year-over-year comparison remains positive, though the growth rate has moderated.
What to watch
Monitor whether the sequential revenue decline continues in future quarters or stabilizes.