Robinhood Markets (HOOD) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year earlier. The reported direction reflects continued growth, though the sequential gain was modest.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year earlier. The reported direction reflects continued growth, though the sequential gain was modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$471M
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+23.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.9B
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 |
|---|---|---|
| Mar 31, 2023 | $441M | +47.5% |
| Jun 30, 2023 | $486M | +52.8% |
| Sep 30, 2023 | $467M | +29.4% |
| Dec 31, 2023 | $471M | +23.9% |
Revenue performance
Revenue rose slightly from the immediately preceding quarter, indicating stable demand. The year-over-year comparison showed a stronger increase, highlighting broader improvement over the past twelve months.
Quarterly comparison
Compared to the preceding quarter, revenue edged higher by a small margin. Relative to the same quarter one year ago, the increase was more pronounced, reflecting a different pace of growth between the two periods.
What to watch
The sequential growth rate narrowed considerably from prior quarters, which may warrant attention to near-term momentum.