Robinhood equity volumes jump 75% to $315B in May
Robinhood Markets, Inc. reported select monthly operating data for May 2026, highlighting significant growth in assets and customer engagement. Total Platform Assets reached $377 billion, a 9% increase from April 2026 and a 48% rise year-over-year. Funded Customers grew to 27.7 million, an increase of approximately 110 thousand from April 2026 and 1.76 million year-over-year. Net Deposits stood at $5.6 billion for the month, representing a 19% annualized growth rate relative to April 2026 Total Platform Assets. Over the last twelve months, Net Deposits totaled $69.1 billion, reflecting a 27% annual growth rate compared to May 2025 Total Platform Assets.
*this image is generated using AI for illustrative purposes only.
Robinhood Markets, Inc. reported select monthly operating data for May 2026, highlighting significant growth in assets and customer engagement. Total Platform Assets reached $377 billion, a 9% increase from April 2026 and a 48% rise year-over-year. Funded Customers grew to 27.7 million, an increase of approximately 110 thousand from April 2026 and 1.76 million year-over-year. Net Deposits stood at $5.6 billion for the month, representing a 19% annualized growth rate relative to April 2026 Total Platform Assets. Over the last twelve months, Net Deposits totaled $69.1 billion, reflecting a 27% annual growth rate compared to May 2025 Total Platform Assets.
Trading Volumes and Activity
Equity Notional Trading Volumes in May were $315 billion, up 27% from April 2026 and 75% year-over-year. Average daily volumes (ADVs) for equities were $15.8 billion, a 34% increase from April 2026 and an 84% rise year-over-year. Options Contracts Traded reached 231 million, up 3% month-over-month and 29% year-over-year, with ADVs of 11.6 million contracts. Crypto Notional Trading Volumes were $12.2 billion, up 3% from April 2026 and 4% year-over-year. This included Robinhood App Notional Trading Volumes of $5.9 billion and Bitstamp Notional Trading Volumes of $6.3 billion. Event Contracts Traded surged to 3.9 billion, a 22% increase from April 2026.
Customer and Asset Growth
Interest-earning assets expanded, with margin balances rising 8% month-over-month to $19.5 billion, a 117% year-over-year increase. Cash and Deposit balances were $18.6 billion, up 3% from April 2026 and 54% year-over-year. Cash Sweep balances stood at $28.8 billion, up 4% month-over-month but down 6% year-over-year. Total Securities Lending Revenue in May was $36 million, up 13% from April 2026 and 9% year-over-year. This included Securities Lending, Net revenues of $5 million. The data is unaudited and preliminary, subject to completion of financial closing procedures.
Key Operating Metrics for May 2026
| Metric | May 2026 | April 2026 | M/M Change | May 2025 | Y/Y Change |
|---|---|---|---|---|---|
| Funded Customers (M) | 27.7 | 27.6 | - | 25.9 | +7% |
| Total Platform Assets ($B) | $377.0 | $345.4 | +9% | $255.3 | +48% |
| Net Deposits ($B) | $5.6 | $6.0 | NM | $3.5 | NM |
| Equity Trading Volume ($B) | $315.3 | $248.5 | +27% | $180.5 | +75% |
| Options Contracts (M) | 231.1 | 224.8 | +3% | 179.8 | +29% |
| Crypto Trading Volume ($B) | $12.2 | $11.9 | +3% | $11.7 | +4% |
| Margin Balances ($B) | $19.5 | $18.0 | +8% | $9.0 | +117% |
| Securities Lending Revenue ($M) | $36 | $32 | +13% | $33 | +9% |
Can Robinhood sustain the 117% year-over-year surge in margin balances if market volatility declines?
How will the relatively flat crypto trading volumes impact the company's strategy to diversify revenue streams?
What factors are driving the 6% year-over-year decline in Cash Sweep balances despite overall asset growth?
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