Robinhood statistics 2024: Users, revenue and growth

How many people use Robinhood and what do they invest in?

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By

George Sweeney, DipFA

&

Sophie Barber

Updated

Fact checked

Robinhood is a stock trading platform that has been very popular in the US and launched in the UK in March 2023. 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.

What is the average age of a Robinhood user?

The average age of a Robinhood user is 31 years, according to the company.

Month Number of Robinhood users
Feb 24 23.6 million
Jan 24 23.5 million
Dec 23 23.4 million
Sep 23 23.3 million
Jun 23 23.2 million
Mar 23 23.1 million
Dec 22 23 million
Sep 22 22.9 million
Jun 22 22.9 million
Mar 22 22.8 million
Dec 21 22.7 million
Sep 21 22.4 million
Jun 21 22.5 million

How much revenue did Robinhood make in 2023?

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.

Year Revenue Net income/loss
2023 $1.9 billion $30 million
2022 $1.36 billion -$1.03 billion
2021 $1.82 billion -$3.69 billion
2020 $959 million $7 million

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.

Click here for more research. For all media enquiries, please contact

Matt Mckenna
UK Communications Manager
T: +44 20 8191 8806
matt.mckenna@finder.com@MichHutchison/in/matthewmckenna2

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