Robinhood is a stock trading platform that has been very popular in the US and launched in the UK in March 2024. We looked at the latest statistics on the company, including the number of users, revenue and income, and what Robinhood customers invest in. You can also read our Robinhood review now that it has launched in the UK.
Robinhood statistics: Highlights
Robinhood has 23.6 million funded customers as of February 2024.
There were 10.9 million monthly active users on Robinhood at the end of 2023.
The average Robinhood user is 31 years old.
Robinhood reported $1.9 billion in revenue in 2023.
Robinhood was profitable in 2023, generating $30 million in net income.
Robinhood share price was up by 50% from the start of 2024 (as of 8 April).
As of April 2024, Tesla was the most popular stock held by Robinhood users.
Globally, Robinhood has had over 10 million downloads from the Google Play store.
Robinhood user statistics
How many customers does Robinhood have?
Robinhood had 23.6 million funded customers worldwide as of February 2024. This number is up from 23.5 million in January 2024 and has increased by 2% from 23.1 million in February 2023.
How many monthly active users does Robinhood have?
There were 10.9 million monthly active users at the end of 2023, down 4% year over year from 11.4 million monthly active users at the end of 2022.
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Robinhood reported $1.9 billion in revenue in 2023, up 37% year-on-year from $1.36 billion in revenue in 2022 and up 98% from $959 million in 2020.
Is Robinhood profitable?
Robinhood was profitable in 2023, generating a net income of $30 million for the year, which is $0.03 per share. This number is up significantly from 2022, when the company posted a net loss of $1.03 billion or earnings per share of -$1.17.
What do Robinhood customers invest in?
As of 1 April 2024, the top 10 investments held by Robinhood users were:
Tesla
Apple
NVIDIA
Amazon
Ford Motor Company
Microsoft
Meta
GameStop
Disney
Trump Media & Technology Group
How is Robinhood performing on the stock market in 2024?
Robinhood stocks had a strong performance in the first 3 months of 2024, up by 50% as of 8 April 2024. While there was an initial dip in January, the strong performance has happened since Robinhood reported its 2023 financials in February 2024, with an increase in revenue and net positive income.
How did Robinhood’s performance fare after its IPO?
Robinhood made an initial public offering (IPO) on 29 July 2021, with an opening share price of $38. This improved within the first week, up 34% to $50.97 per share. However, a year after the IPO, Robinhood’s share price was down 76% at $9.05.
The graph below shows Robinhood’s performance after its IPO.
How many downloads has Robinhood had in the UK?
Robinhood became widely available to UK customers in March 2024 after confirming its UK release in late 2023. Data shows that Robinhood had over 34,000 estimated downloads between 12 February and 28 March this year, with 31,400 of those downloads happening in March 2024. Globally, Robinhood has had over 10 million downloads from the Google Play store.
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George is a deputy editor at Finder. He has previously written for The Motley Fool UK, Nasdaq, Freetrade, Investing in the Web, MoneyMagpie, Online Mortgage Advisor, Wealth, and Compare Forex Brokers. He's focused on making personal finance and investing engaging for everyone. To do this he draws from previous work and his Level 4 Diploma for Financial Advisers (DipFA), sharing what he’s learnt. When he’s not geeking out about money, you’ll find him playing sports and staying active. See full bio
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