Robinhood Q2 2024 Earnings Report
Key Takeaways
Robinhood's Q2 2024 results showed significant growth with record revenues of $682 million, a 40% increase year-over-year, and a record GAAP diluted EPS of $0.21, up $0.18 year-over-year. Net deposits reached $13.2 billion, representing an annualized growth rate of 41%.
Total net revenues increased 40% year-over-year to $682 million.
GAAP diluted EPS increased to $0.21, up from $0.03 in Q2 2023.
Net deposits were $13.2 billion, with an annualized growth rate of 41%.
Robinhood Gold subscribers increased to 2.0 million, a 61% year-over-year increase.
Robinhood
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Robinhood Revenue by Segment
Forward Guidance
Robinhood's 2024 expense plan includes growth investments in new products, features, and international expansion while also getting more efficient in existing businesses. The outlook for both GAAP total operating expenses and Non-GAAP combined Adjusted Operating Expenses and SBC for full-year 2024 is unchanged at $1.85 billion to $1.95 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income