Robinhood Posts August Asset and Customer Gains

Robinhood Markets reported resilient customer and asset expansion for August 2026, though trading activity across products remained mixed. Funded customers reached 28.6 million, increasing by roughly 120,000 from July and 1.9 million year over year. Total platform assets rose 8% from July and 26% year over year to reach $383.7 billion as of August 31, 2026. Net deposits totaled $4 billion, down from $5.6 billion in July and $4.8 billion in August 2025.

Trading volumes showed divergent trends during the month. Equity notional volumes rose 1% month over month and 68% year over year to $335.4 billion, with average daily volumes up 6% from July to $16 billion. Crypto notional volumes climbed 61% sequentially to $17.5 billion, remaining 38% below the prior-year level. In contrast, options contracts fell 10% from July to 292.5 million, though up 50% year over year. Event contracts declined 23% sequentially to 4.7 billion, still 15 times the prior-year level. Margin balances rose 4% from July and 72% year over year to $21.5 billion.

Trading engagement remains vital for the broker, as transaction-based revenues rose 44% year over year in the second quarter to $776 million, making up roughly 59% of total revenue. Robinhood shares gained 14.7% over the past three months, topping the industry average gain of 6.3%. The company trades at a 12-month trailing price-to-tangible book ratio of 11.69 times versus the industry average of 3.35 times.

According to Zacks Investment Research, consensus earnings estimates project 2.9% growth for 2026 and a 33% increase for 2027. Over the past week, earnings estimates for 2026 and 2027 were revised higher to $2.11 and $2.81 per share, respectively, and the stock carries a Zacks Rank #3 (Hold).