Back تطبيق روبن هود (شركة) Arabic Robinhood Bulgarian Robinhood Markets Czech Robinhood German Robinhood (empresa) Spanish رابینهود مارکتس Persian Robinhood (entreprise) French רובין הוד (חברה) HE Robinhood (perusahaan) ID Robinhood (azienda) Italian
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| Company type | Public |
|---|---|
| |
| Industry | Financial services |
| Founded | April 18, 2013 |
| Founders | |
| Headquarters | , U.S. |
Area served |
|
Key people | Vladimir Tenev (CEO) |
| Services | |
| Revenue |  US$1.865 billion (2023) |
 US$−536 million (2023) | |
| US$−541 million (2023) | |
| Total assets | US$32.33 billion (2023) |
| Total equity |  US$6.696 billion (2023) |
| Owners |
|
Number of employees | c. 2,200 (2023) |
| Website | robinhood |
| Footnotes / references [1] | |
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Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California. The company provides an electronic trading platform accessible via mobile app that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrency, as well as cryptocurrency wallets, credit cards and other banking services.[1] The company's revenue comes primarily from payment for order flow (53% of Q1 2024 revenues), net interest income (primarily from margin lending, interest earned on customers' cash balances, and credit cards; 41% of Q1 2024 revenues), and subscription fees (6% of Q1 2024 revenues).[2][1] The company has 23.9 million funded customers, 13.7 million monthly active users, and $130 billion in assets under custody.[2]
The company is named after Robin Hood, based on its mission to "provide everyone with access to the financial markets, not just the wealthy", with no commissions or minimum account balances.[3][4] The company has been credited for forcing the elimination of trading fees by several stockbrokers.[5][6][7][8] Robinhood has targeted millennials as customers; in 2022, the average age of its customers was 32.[9]
As the majority of the company's revenues are from payment for order flow, described as a kickback, the company has been criticized for routing orders to market makers that pay the most instead of those that offer the best order execution. It has also been criticized for undisclosed markups on cryptocurrency transactions.[10]
- ^ a b c "Robinhood Markets, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 27, 2024.
- ^ a b "Robinhood Reports First Quarter 2024 Results" (Press release). Globe Newswire. May 8, 2024.
- ^ Cite error: The named reference
forgetwas invoked but never defined (see the help page). - ^ Cite error: The named reference
behindwas invoked but never defined (see the help page). - ^ Constine, Josh (October 2, 2019). "Lookout, Robinhood. E*Trade, Schwab, Ameritrade go zero-fee". TechCrunch.
- ^ Fitzgerald, Maggie (October 1, 2019). "Charles Schwab is ending commissions on stock trading and the brokerage shares are tanking". CNBC. Archived from the original on November 6, 2019.
- ^ Osipovich, Alexander; Beilfuss, Lisa (October 1, 2019). "Schwab Cuts Fees on Online Stock Trades to Zero, Rattling Rivals". The Wall Street Journal. Archived from the original on November 5, 2019.
- ^ Rubenstein, David (February 20, 2020). Famed Investor Charles Schwab on The David Rubenstein Show – via YouTube.
- ^ Osipovich, Alexander (September 12, 2022). "Robinhood's New Index Gives Insight Into Younger Investors". The Wall Street Journal.
- ^ Cite error: The named reference
reviewwas invoked but never defined (see the help page).
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