Reading the tape
NASDAQ: HOOD
Robinhood Markets, Inc.
Financial Services · Financial - Capital Markets
Market Cap
$66.33B
52w High
$153.86
52w Low
$45.56
P/E
34.91
Volume
25.25M
Outstanding Shares
900.51M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inHigh confidence
1Y Price: 58%Revenue (TTM): 41.5%FCF (TTM): 104.36%P/FCF: 70th pct
What changed
The stock rose 58% over the last year. Revenue grew 41.5% over the trailing twelve months. Operating margin moved from 38.9% to 46.28%. Free cash flow grew 104.36% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (70th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 46.28% — continued expansion would be needed to justify the premium. Revenue growth of 41.5% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Robinhood Markets, Inc. operates financial services platform in the United States.
CEOVladimir Tenev
SectorFinancial Services
IndustryFinancial - Capital Markets
Employees2,900
IPO dateJul 29, 2021
Valuation
Forward P/E—
EV/EBITDA51.21
Enterprise value$111.64B
Price / Book7.25
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth15.1%
Gross margin82.27%▲4.93%vs FY2024
Operating margin46.28%▲31.07%vs FY2024
ROE20.58%▲16.26%vs FY2024
Analyst consensus
RatingBuy
Target price$117.14▲59.03%
18
Buy
5
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 29, 2026
Q3 FY26 · EPS est $0.46 · Revenue est $1.19B
View