Robinhood Markets Reports Operating Data; Funded Customers At The End Of July Were 24.2M; Assets Under Custody At The End Of July Were $144.5B; Net Deposits Were $4.2B In July, Translating To A 36% Annualized Growth Rate Relative To June 2024 AUC

Author: Benzinga Newsdesk | August 14, 2024 04:29pm

Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported select monthly operating data for July 2024:

 

• Funded Customers at the end of July were 24.2 million (up approximately 70 thousand from June 2024, up over one million year-over-year).
  
  
  
   
• Assets Under Custody (AUC) at the end of July were $144.5 billion (up 3% from June 2024, up 53% year-over-year). Net Deposits were $4.2 billion in July, translating to a 36% annualized growth rate relative to June 2024 AUC. Over the last twelve months, Net Deposits were $35.8 billion, translating to an annual growth rate of 38% relative to July 2023 AUC.
  
  
  
   
• Equity Notional Trading Volumes were $104.4 billion (up 21% from June 2024, up 51% year-over-year). Options Contracts Traded were 160.5 million (up 22% from June 2024, up 51% year-over-year). Crypto Notional Trading Volumes were $5.3 billion (up 23% from June 2024, up 56% year-over-year).
  
  
  
   
• Margin balances at the end of July were $5.4 billion (up 8% from the end of June 2024, up 59% year-over-year).
  
  
  
   
• Total Cash Sweep balances at the end of July were $21.8 billion (up 4% from the end of June 2024, up 72% year-over-year).
  
  
  
   
• Total Securities Lending Revenue in July was $21 million (flat to June 2024, up 24% year-over-year).
   

Posted In: HOOD