Robinhood Markets, Inc. (HOOD) closed fiscal year 2025 with a gross margin of 83.3 % and a net margin of 42.1 %.
Robinhood Markets, Inc. (HOOD) closed fiscal year 2025 with a gross margin of 83.3 % and a net margin of 42.1 %. The same year shows an EBITDA margin of 48.7 % and an EBIT margin of 46.8 %. The free cash flow margin was 36.3 %. Against the previous year the gross margin moved +3.9 pp and the net margin −5.7 pp. Across the period the gross margin ranges between 56.7 % in 2022 and 92.2 % in 2023. The series covers 7 fiscal years, from 2019 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | 56.70 % | 92.17 % | 79.43 % | 83.34 % |
| EBITDA margin (%) | — | — | — | -66.64 % | -24.93 % | 38.33 % | 48.74 % |
| EBIT margin (%) | — | — | — | -71.13 % | -28.74 % | 35.72 % | 46.81 % |
| Net margin (%) | -38.40 % | 0.73 % | -203.14 % | -75.70 % | -29.01 % | 47.81 % | 42.10 % |
| FCF margin (%) | 451.42 % | 193.32 % | -52.23 % | -64.80 % | 63.22 % | -5.76 % | 36.28 % |
