Goldman Sachs
May 14, 2026
Robinhood Markets Stronger Balance Sheet and Account Growth
Monthly UpdateEquitiesDerivativesCryptoFinancials
Robinhood reported robust April monthly metrics with 200k new accounts and strong equity/option volumes, although crypto activity declined significantly.
Key Takeaways
- 1.Robinhood reported strong April monthly metrics including 200k net new accounts (9% annualized growth) and high volumes in equities and options.
- 2.Crypto volumes showed continued decline in April, falling 33% Month-over-Month to $11.9bn.
- 3.Goldman maintains a Buy rating on HOOD but slightly decreased 2026E/2027E EPS estimates due to lower crypto volume expectations.
Table of Contents
- Robinhood Markets Inc. (HOOD): Monthly: Stronger balance sheet and account growth
- Volumes/DARTs
- Account growth
- Total platform assets
- Net deposits
- Balance sheet
- Disclosure Appendix
- Reg AC
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
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Authors
James YaroMatthew WengDivyam HarlalkaLokesh Kumar Sangewar
Securities
HOOD
Themes
Retail Trading EngagementCrypto Market Cyclicality
Regions
North AmericaUnited States
