Robinhood is the commission-free trading app that pulled a generation of retail investors into stocks, options and crypto. It makes money three ways: selling its customers' order flow to market makers (transaction-based revenue), earning interest on their cash and margin (net interest), and Robinhood Gold subscriptions. FY2025 revenue hit a record $4.5B across 27M funded customers.
What Robinhood Markets, Inc. really sells
Robinhood is the commission-free trading app that pulled a generation of retail investors into stocks, options and crypto. It makes money three ways: selling its customers' order flow to market makers (transaction-based revenue), earning interest on their cash and margin (net interest), and Robinhood Gold subscriptions. FY2025 revenue hit a record $4.5B across 27M funded customers.