CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Net interest revenues	$ 389	$ 357	$ 748	$ 647
Total net revenues	1,308	989	2,375	1,916
Operating expenses:
Brokerage and transaction	62	48	122	98
Technology and development	256	214	497	428
Operations	57	29	95	60
Provision for credit losses	56	28	92	52
Marketing	104	99	211	204
General and administrative	199	132	373	265
Total operating expenses	734	550	1,390	1,107
Other income, net	135	3	135	4
Income before income taxes	709	442	1,120	813
Provision for income taxes	136	56	201	91
Net income	573	386	919	722
Less: Net income (loss) attributable to non-controlling interests	12	0	8	0
Net income attributable to Robinhood	561	386	911	722
Net income attributable to Robinhood common stockholders:
Net income attributable to Robinhood Markets, Inc., Basic	561	386	911	722
Net income attributable to Robinhood Markets, Inc., Diluted	$ 561	$ 386	$ 911	$ 722
Net income per share attributable to Robinhood common stockholders:
Basic (in dollars per share)	$ 0.62	$ 0.44	$ 1.01	$ 0.82
Diluted (in dollars per share)	$ 0.62	$ 0.42	$ 1.00	$ 0.79
Weighted-average shares used to compute net income per share attributable to Robinhood common stockholders:
Basic (in shares)	899	882	899	883
Diluted (in shares)	912	909	913	911
Transaction-based revenues
Revenues:
Transaction-based revenues and other revenues	$ 776	$ 539	$ 1,399	$ 1,122
Other revenues
Revenues:
Transaction-based revenues and other revenues	$ 143	$ 93	$ 228	$ 147

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Operating activities:
Net income	$ 573	$ 386	$ 919	$ 722
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization			46	41
Provision for credit losses	56	28	92	52
Deferred income taxes			2	0
Share-based compensation			197	151
Gain on deconsolidation of RVI	(106)		(106)	0
Unrealized and realized (gain) loss on equity securities, net			(23)	0
Other			4	8
Changes in operating assets and liabilities:
Securities segregated under federal and other regulations			(3,573)	199
Receivables from brokers, dealers, and clearing organizations			(250)	112
Receivables from users, net			(4,476)	(1,300)
Securities borrowed			(3,628)	(2,923)
Deposits with clearing organizations			(538)	(231)
Current and non-current prepaid expenses			(65)	(24)
Current and non-current deferred customer match incentives			(186)	(96)
Other current and non-current assets			73	351
Accounts payable and accrued expenses			(2)	(112)
Payables to users			5,196	1,948
Securities loaned			8,910	5,177
Other current and non-current liabilities			166	76
Net cash provided by operating activities			2,758	4,151
Investing activities:
Purchases of property, software, and equipment			(21)	(10)
Capitalization of internally developed software			(21)	(19)
Consideration transferred for business acquisitions and asset acquisitions			(249)	(399)
Cash, cash equivalents, and segregated cash acquired in business acquisitions and asset acquisitions			95	1,193
Purchases of non-marketable securities			(228)	(8)
Proceeds from maturities of held-to-maturity investments			0	266
Purchases of credit card receivables by Credit Card Funding Trust			(6,152)	(1,528)
Collections of purchased credit card receivables			5,714	1,346
Proceeds from sales of investment in RVI			28	0
Cash derecognized upon deconsolidation of RVI			(220)	0
Net cash provided by (used in) investing activities			(1,054)	841
Financing activities:
Proceeds from issuance of convertible senior notes			2,200	0
Proceeds from exercise of stock options			3	11
Proceeds from issuance of RVI common stock in connection with initial public offering, net of offering costs			312	0
Proceeds from issuance of common stock under the Employee Share Purchase Plan			17	15
Taxes paid related to net share settlement of equity awards			(23)	(372)
Repurchase of Class A common stock			(664)	(446)
Draws on credit facilities			2,511	1
Repayments on credit facilities			(2,511)	(1)
Borrowings by the Credit Card Funding Trust			382	104
Change in principal collected from customers due to Coastal Bank			(3)	1
Repayments on borrowings by the Credit Card Funding Trust			(25)	0
Payments of debt issuance costs			(31)	(16)
Purchase of Capped Calls			(123)	0
Contributions from noncontrolling interests			41	0
Net cash provided by (used in) financing activities			2,086	(703)
Effect of foreign exchange rate changes on cash and cash equivalents			(9)	8
Net increase in cash, cash equivalents, segregated cash, and restricted cash			3,781	4,297
Cash, cash equivalents, segregated cash, and restricted cash, beginning of the period			9,893	8,695	$ 8,695
Cash, cash equivalents, segregated cash, and restricted cash, end of the period	13,674	12,992	13,674	12,992	9,893
Reconciliation of cash, cash equivalents, segregated cash and restricted cash, end of the period:
Cash and cash equivalents, end of the period	5,362	4,162	5,362	4,162	4,261
Segregated cash and cash equivalents, end of the period	8,250	8,740	8,250	8,740
Restricted cash in other current assets, end of the period	48	72	48	72
Restricted cash in other non-current assets, end of the period	14	18	14	18
Cash, cash equivalents, segregated cash and restricted cash, end of the period	$ 13,674	$ 12,992	13,674	12,992	$ 9,893
Supplemental disclosures:
Cash paid for interest			25	12
Cash paid for income taxes, net of refund received			171	82
Derecognized assets and liabilities (net)			351	0
Retained RVI interest at FV			$ 435	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 5,362	$ 4,261
Cash, cash equivalents, and securities segregated under federal and other regulations	12,023	5,749
Receivables from brokers, dealers, and clearing organizations	672	426
Receivables from users, net	22,799	17,994
Securities borrowed	6,036	2,408
Deposits with clearing organizations	1,240	702
User-held fractional shares	4,764	3,782
Deferred customer match incentives	220	185
Other current assets, including current prepaid expenses of $127 as of December 31, 2025 and $196 as of June 30, 2026	1,416	798
Total current assets	54,532	36,305
Property, software, and equipment, net	177	154
Goodwill	516	385
Intangible assets, net	246	168
Non-current deferred customer match incentives	579	428
Other non-current assets, including non-current prepaid expenses of $11 as of December 31, 2025 and $21 as of June 30, 2026	500	697
Total assets	56,550	38,137
Current liabilities:
Accounts payable and accrued expenses	646	463
Payables to users	17,243	11,986
Securities loaned	20,536	11,626
Fractional shares repurchase obligation	4,764	3,782
Other current liabilities	1,387	914
Total current liabilities	44,576	28,771
Long-term borrowings	2,170	0
Other non-current liabilities	263	215
Total liabilities	47,009	28,986
Commitments and contingencies (Note 15)
Stockholders’ equity:
Preferred stock, $0.0001 par value. 210 million shares authorized, no shares issued and outstanding as of December 31, 2025 and June 30, 2026.	0	0
Additional paid-in capital	10,731	11,284
Accumulated other comprehensive income (loss)	(10)	8
Accumulated deficit	(1,241)	(2,152)
Non-controlling interests	61	11
Total stockholders’ equity	9,541	9,151
Total liabilities and stockholders’ equity	56,550	38,137
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