CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Revenues:
Net interest revenues	$ 359	$ 290
Total net revenues	1,067	927
Operating expenses:
Brokerage and transaction	60	50
Technology and development	241	214
Operations	38	31
Provision for credit losses	36	24
Marketing	107	105
General and administrative	174	133
Total operating expenses	656	557
Other income, net	0	1
Income before income taxes	411	371
Provision for income taxes	65	35
Net income	346	336
Less: Net income (loss) attributable to non-controlling interests	(4)	0
Net income attributable to Robinhood	350	336
Net income attributable to Robinhood common stockholders:
Net income attributable to Robinhood Markets, Inc., Basic	350	336
Net income attributable to Robinhood Markets, Inc., Diluted	$ 350	$ 336
Net income per share attributable to Robinhood common stockholders:
Basic (in dollars per share)	$ 0.39	$ 0.38
Diluted (in dollars per share)	$ 0.38	$ 0.37
Weighted-average shares used to compute net income per share attributable to Robinhood common stockholders:
Basic (in shares)	899,154,939	884,577,603
Diluted (in shares)	915,038,823	909,241,619
Transaction-based revenues
Revenues:
Transaction-based revenues and other revenues	$ 623	$ 583
Other revenues
Revenues:
Transaction-based revenues and other revenues	$ 85	$ 54

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Operating activities:
Net income	$ 346	$ 336
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	23	20
Provision for credit losses	36	24
Deferred income taxes	34	0
Share-based compensation	92	73
Other	3	4
Changes in operating assets and liabilities:
Securities segregated under federal and other regulations	(3,953)	397
Receivables from brokers, dealers, and clearing organizations	(60)	206
Receivables from users, net	(44)	(911)
Securities borrowed	(947)	(878)
Deposits with clearing organizations	8	(152)
Current and non-current prepaid expenses	(54)	(13)
Current and non-current deferred customer match incentives	(116)	(56)
Other current and non-current assets	138	351
Accounts payable and accrued expenses	(69)	(124)
Payables to users	4,793	(332)
Securities loaned	1,761	1,635
Other current and non-current liabilities	47	62
Net cash provided by operating activities	2,038	642
Investing activities:
Purchases of property, software, and equipment	(9)	(2)
Capitalization of internally developed software	(9)	(9)
Consideration transferred for business acquisitions and asset acquisitions	(71)	(175)
Cash, cash equivalents, and segregated cash acquired in business acquisitions and asset acquisitions	18	25
Purchases of non-marketable securities	(92)	0
Proceeds from maturities of held-to-maturity investments	0	208
Purchases of credit card receivables by Credit Card Funding Trust	(2,520)	(549)
Collections of purchased credit card receivables	2,399	511
Net cash provided by (used in) investing activities	(284)	9
Financing activities:
Proceeds from exercise of stock options	2	7
Proceeds from issuance of RVI common stock in connection with initial public offering, net of offering costs	312	0
Taxes paid related to net share settlement of equity awards	(13)	(120)
Repurchase of Class A common stock	(250)	(322)
Borrowings by the Credit Card Funding Trust	117	24
Change in principal collected from customers due to Coastal Bank	(2)	10
Repayments on borrowings by the Credit Card Funding Trust	(15)	0
Payments of debt issuance costs	(12)	(16)
Contributions from noncontrolling interests	41	0
Net cash provided by (used in) financing activities	180	(417)
Effect of foreign exchange rate changes on cash and cash equivalents	(6)	1
Net increase in cash, cash equivalents, segregated cash, and restricted cash	1,928	235
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	11,821	8,930	9,893
Reconciliation of cash, cash equivalents, segregated cash and restricted cash, end of the period:
Cash and cash equivalents, end of the period	5,012	4,416	4,261
Segregated cash and cash equivalents, end of the period	6,721	4,442
Restricted cash in other current assets, end of the period	74	54
Restricted cash in other non-current assets, end of the period	14	18
Cash, cash equivalents, segregated cash and restricted cash, end of the period	11,821	8,930	$ 9,893
Supplemental disclosures:
Cash paid for interest	15	9
Cash paid for income taxes, net of refund received	$ 70	$ 29

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 5,012	$ 4,261
Cash, cash equivalents, and securities segregated under federal and other regulations	10,874	5,749
Receivables from brokers, dealers, and clearing organizations	484	426
Receivables from users, net	18,115	17,994
Securities borrowed	3,355	2,408
Deposits with clearing organizations	694	702
User-held fractional shares	3,819	3,782
Deferred customer match incentives	207	185
Other current assets, including current prepaid expenses of $127 as of December 31, 2025 and $182 as of March 31, 2026	853	798
Total current assets	43,413	36,305
Property, software, and equipment, net	162	154
Goodwill	401	385
Intangible assets, net	203	168
Non-current deferred customer match incentives	522	428
Other non-current assets, including non-current prepaid expenses of $11 as of December 31, 2025 and March 31, 2026	773	697
Total assets	45,474	38,137
Current liabilities:
Accounts payable and accrued expenses	522	463
Payables to users	16,780	11,986
Securities loaned	13,387	11,626
Fractional shares repurchase obligation	3,819	3,782
Other current liabilities	1,046	914
Total current liabilities	35,554	28,771
Other non-current liabilities	232	215
Total liabilities	35,786	28,986
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock, $0.0001 par value. 210,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and March 31, 2026.	0	0
Additional paid-in capital	11,119	11,284
Accumulated other comprehensive income	2	8
Accumulated deficit	(1,802)	(2,152)
Non-controlling interests	369	11
Total stockholders’ equity	9,688	9,151
Total liabilities and stockholders’ equity	45,474	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