TLDR
- Robinhood’s stock declined approximately 2% in after-hours trading following the release of its February platform metrics on March 12.
- Equity trading volume reached $194.4 billion, a 14% decrease from January but a 36% increase year-over-year.
- Options trading also dropped month-over-month, with 180.3 million contracts traded—10% lower than January.
- Crypto trading was the standout performer, with $25 billion in volume—up 9% from January and 74% year-over-year.
- Total platform assets were $314 billion at month’s end, a 3% decline from January but a 68% rise year-over-year.
Robinhood shared its February activity figures on March 12, and the market reacted negatively to the results. The stock slipped roughly 2% in after-hours trading as the data revealed a mixed performance across its key trading segments.
Robinhood Markets, Inc., HOOD
Equity trading volume for the month totaled $194.4 billion. This represents a 14% decrease from January but remains 36% higher than February 2025. Average daily equity trading volume was $10.2 billion, down 11% from the previous month but up 36% year-over-year.
The Robinhood app faced tougher results. App-level average daily volumes decreased 35% year-over-year to $336 million, a stark contrast to the broader platform’s better performance.
Options also didn’t perform well. The platform handled 180.3 million options contracts in February, a 10% drop from January. Average daily options volume was 9.5 million contracts, down 5% month-over-month but up 9% from the prior year.
Event contracts saw the largest decline. Volume decreased 29% from January to 2.4 billion contracts, with average daily volume dropping 22% month-over-month to 86 million contracts.
Crypto Picks Up the Slack
Crypto was the only category that showed growth. Robinhood reported $25 billion in crypto trading volume for February—up 9% from January and 74% higher than a year prior. Bitcoin’s sustained strength, even after a sharp selloff earlier in the month, helped maintain elevated volumes.
The Robinhood app contributed $9.4 billion to that crypto volume, an 8% increase from January. However, app-level crypto average daily volumes (ADVs) remain 35% lower than they were a year ago.
Cash and deposit balances at the end of February were $16.5 billion, a 67% increase year-over-year. In February, Robinhood revised its brokerage High-Yield Cash program to boost margin lending growth. This change moved over $6 billion in Cash Sweep balances to free credit balances.
User Growth Holds Steady
Customer counts kept rising. Robinhood finished February with 27.4 million funded accounts, maintaining its steady upward trajectory.
Total platform assets were $314 billion at month’s end, down 3% from January 2026 but up 68% versus February 2025. The month-over-month decrease reflects both the trading slowdown and broader market conditions during the period.
Wall Street remains largely positive on the stock. Analysts currently have a Strong Buy consensus on HOOD, based on 14 Buy ratings, two Hold ratings, and no Sell ratings over the past three months. The average price target is $125.77.
