Robinhood Markets Full Year 2024 Earnings: Beats Expectations

Robinhood Markets (NASDAQ:HOOD) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.95b (up 58% from FY 2023).
• Net income: US$1.41b (up from US$541.0m loss in FY 2023).
• Profit margin: 48% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
• EPS: US$1.60 (up from US$0.61 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Robinhood Markets Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 59%.

In the last 12 months, the only revenue segment was Brokerage contributing US$2.95b. The largest operating expense was General & Administrative costs, amounting to US$1.36b (107% of total expenses). Explore how HOOD's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 17% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Robinhood Markets that you should be aware of before investing here.

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