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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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