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.
Share your opinions to win prizes or earn cash!
Share your opinions to win!
Sign up to receive deals and tips, plus opportunities to win prizes for your opinions and experiences! (T&Cs)
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.
Click here for more research. For all media enquiries, please contact –
Matt Mckenna
UK Head of Communications T: +44 20 8191 8806
XTB and eToro are cheap investment platforms with a lot to offer. We compare the features, fees, account types and more – side by side in eToro vs XTB.
Freetrade and Hargreaves Lansdown are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Freetrade vs HL.
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
George's expertise
George has written 191 Finder guides across topics including:
Sophie Barber is a content marketing manager for Finder in the UK after previously working as a content manager at a digital marketing agency. She has over 5 years experience in writing and publishing clear, concise and informative online articles for a variety of websites. See full bio
Sophie's expertise
Sophie has written 81 Finder guides across topics including:
Publishing original personal finance research
Creating data-led statistics pages to highlight industry trends
This new account comes with cashback on direct debits, interest on the balance in your account and a regular saver with one of the best rates in the market.
Learn more about the best ways to earn cashback and what to watch out for.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.