Robinhood Markets (HOOD) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter decreased compared to the immediately preceding period but remained higher than the same period one year earlier. The decline from the prior quarter contrasts with the year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter decreased compared to the immediately preceding period but remained higher than the same period one year earlier. The decline from the prior quarter contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$637M
Revenue reported for this quarter.
Quarter-over-quarter
-6.6%
Change from the immediately preceding quarter.
Year-over-year
+36.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.4B
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, 2023 | $471M | +23.9% |
| Mar 31, 2024 | $618M | +40.1% |
| Jun 30, 2024 | $682M | +40.3% |
| Sep 30, 2024 | $637M | +36.4% |
Revenue performance
Reported revenue moved lower from the prior quarter, reversing the trend of sequential increases seen in recent periods.
Quarterly comparison
Revenue was below the immediately preceding quarter but above the same quarter one year earlier. The year-over-year gain was substantial, though the sequential decline represents a shift from earlier growth patterns.
What to watch
The sequential revenue decline following several quarters of growth may warrant attention regarding the sustainability of the prior upward trajectory.