CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues:
Net interest revenues	$ 1,514	$ 1,109	$ 929
Total net revenues	4,473	2,951	1,865
Operating expenses:
Brokerage and transaction	211	164	146
Technology and development	897	818	805
Operations	130	112	116
Provision for credit losses	114	76	43
Marketing	399	272	122
General and administrative	628	455	1,169
Total operating expenses	2,379	1,897	2,401
Other income, net	14	10	3
Income (loss) before income taxes	2,108	1,064	(533)
Provision for (benefit from) income taxes	225	(347)	8
Net income (loss)	1,883	1,411	(541)
Net income (loss) attributable to non-controlling interest	0	0	0
Net income (loss) attributable to Robinhood	1,883	1,411	(541)
Net income (loss) attributable to Robinhood
Net income (loss) attributable to Robinhood Markets, Inc., Basic	1,883	1,411	(541)
Net income (loss) attributable to Robinhood Markets, Inc., Diluted	$ 1,883	$ 1,411	$ (541)
Net income (loss) per share attributable to Robinhood common stockholders:
Basic (in dollars per share)	$ 2.12	$ 1.60	$ (0.61)
Diluted (in dollars per share)	$ 2.05	$ 1.56	$ (0.61)
Weighted-average shares used to compute net income (loss) per share attributable to Robinhood common stockholders:
Basic (in shares)	888,504,958	881,113,156	890,857,659
Diluted (in shares)	918,781,846	906,171,504	890,857,659
Transaction-based revenues
Revenues:
Revenues	$ 2,628	$ 1,647	$ 785
Total other revenues
Revenues:
Revenues	$ 331	$ 195	$ 151

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities:
Net income (loss)	$ 1,883	$ 1,411	$ (541)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	86	77	71
Provision for credit losses	114	76	43
Deferred income taxes	181	(369)	0
Share-based compensation	305	304	871
Other	3	0	8
Changes in operating assets and liabilities:
Securities segregated under federal and other regulations	197	(397)	0
Receivables from brokers, dealers, and clearing organizations	62	(382)	(13)
Receivables from users, net	(9,106)	(4,592)	(298)
Securities borrowed	828	(1,634)	(1,085)
Deposits with clearing organizations	(213)	(151)	(152)
Current and non-current prepaid expenses	(28)	(25)	37
Current and non-current deferred customer match incentives	(318)	(265)	(30)
Other current and non-current assets	(152)	(415)	(18)
Accounts payable and accrued expenses	(18)	(35)	134
Payables to users	3,423	2,351	396
Securities loaned	4,163	3,916	1,713
Other current and non-current liabilities	228	(27)	45
Net cash provided by (used in) operating activities	1,638	(157)	1,181
Investing activities:
Purchases of property, software, and equipment	(15)	(13)	(2)
Capitalization of internally developed software	(39)	(37)	(19)
Consideration transferred for business acquisitions and asset acquisitions	(399)	(134)	(107)
Cash, cash equivalents, and segregated cash acquired in business acquisitions and asset acquisitions	1,193	125	14
Purchases of non-marketable securities	(244)	(1)	(1)
Purchases of held-to-maturity investments	0	(556)	(759)
Proceeds from maturities of held-to-maturity investments	400	658	282
Purchases of credit card receivables by Credit Card Funding Trust	(5,195)	(748)	0
Collections of purchased credit card receivables	4,440	556	0
Other	0	2	10
Net cash provided by (used in) investing activities	141	(148)	(582)
Financing activities:
Proceeds from exercise of stock options	16	18	5
Proceeds from issuance of common stock under the Employee Share Purchase Plan	22	16	14
Taxes paid related to net share settlement of equity awards	(437)	(244)	(12)
Repurchase of Class A common stock	(653)	(257)	(608)
Draws on credit facilities	4,752	22	20
Repayments on credit facilities	(4,752)	(22)	(20)
Borrowings by the Credit Card Funding Trust	468	132	0
Repayments on borrowings by the Credit Card Funding Trust	0	(1)	0
Change in principal collected from customers due to Coastal Bank	0	6	1
Payments of debt issuance costs	(17)	(15)	(10)
Contributions from noncontrolling interests	11	0	0
Net cash used in financing activities	(590)	(345)	(610)
Effect of foreign exchange rate changes on cash and cash equivalents	9	(1)	0
Net increase (decrease) in cash, cash equivalents, segregated cash, and restricted cash	1,198	(651)	(11)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Beginning Balance	8,695	9,346	9,357
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Ending Balance	9,893	8,695	9,346
Reconciliation of cash, cash equivalents, segregated cash, and restricted cash, end of the period:
Cash and cash equivalents, end of the period	4,261	4,332	4,835
Segregated cash and cash equivalents, end of the period	5,549	4,327	4,448
Restricted cash in other current assets, end of the period	66	18	46
Restricted cash in other non-current assets, end of the period	17	18	17
Cash, cash equivalents, segregated cash and restricted cash, end of the period	9,893	8,695	9,346
Supplemental disclosures:
Cash paid for interest	31	16	12
Cash paid for income taxes, net of refund received	$ 95	$ 18	$ 9

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 4,261	$ 4,332
Cash, cash equivalents, and securities segregated under federal and other regulations	5,749	4,724
Receivables from brokers, dealers, and clearing organizations	426	471
Receivables from users, net	17,994	8,239
Securities borrowed	2,408	3,236
Deposits with clearing organizations	702	489
User-held fractional shares	3,782	2,530
Held-to-maturity investments	0	398
Deferred customer match incentives	185	100
Other current assets, including current prepaid expenses of $75 as of December 31, 2024 and $127 as of December 31, 2025	798	584
Total current assets	36,305	25,103
Property, software, and equipment, net	154	139
Goodwill	385	179
Intangible assets, net	168	38
Non-current deferred customer match incentives	428	195
Other non-current assets, including non-current prepaid expenses of $17 as of December 31, 2024 and $11 as of December 31, 2025	697	533
Total assets	38,137	26,187
Current liabilities:
Accounts payable and accrued expenses	463	397
Payables to users	11,986	7,448
Securities loaned	11,626	7,463
Fractional shares repurchase obligation	3,782	2,530
Other current liabilities	914	266
Total current liabilities	28,771	18,104
Other non-current liabilities	215	111
Total liabilities	28,986	18,215
Commitments and contingencies (Note 15)
Stockholders’ equity:
Preferred stock, $0.0001 par value. 210,000,000 shares authorized, no shares issued and outstanding as of December 31, 2024 and December 31, 2025.	0	0
Additional paid-in capital	11,284	12,008
Accumulated other comprehensive income (loss)	8	(1)
Accumulated deficit	(2,152)	(4,035)
Non-controlling interest	11	0
Total stockholders’ equity	9,151	7,972
Total liabilities and stockholders’ equity	38,137	26,187
Common Class A
Stockholders’ equity:
Common stock, value	0	0
Common Class B
Stockholders’ equity:
Common stock, value	0	0
Common Class C
Stockholders’ equity:
Common stock, value	$ 0	$ 0