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Robinhood Shares Gain on Higher April 2026 Equity & Options DATs

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Key Takeaways

  • Robinhood reported April equity DATs of 4 million and options DATs of 1.3 million, both up y/y.
  • HOOD's platform assets rose 49% to $345.4 billion, fueled by $6 billion in April net deposits.
  • Robinhood's total crypto notional trading volume increased 38% y/y to $11.9 billion.

Shares of Robinhood Markets, Inc. (HOOD - Free Report) gained 5.2% following the release of its April 2026 operating data. The company reported an increase in equity and options Daily Average Trades (DATs) in the reported month on a year-over-year and a sequential basis.

Equity DATs were 4 million, up 1% from the previous month and 23% from April 2025. Options DATs rose 8% sequentially and 7% year over year to 1.3 million. However, crypto DATs declined 18% from the previous month and 20% from the prior-year month to 0.6 million.

HOOD’s total platform assets climbed to $345.4 billion, marking a 49% year-over-year jump, supported by continued strong net deposits. In April 2026 alone, Robinhood reported $6 billion in net deposits, contributing meaningfully to the expansion of assets under management. Funded customers totaled 27.6 million, up 7% year over year.

Robinhood’s equity notional trading volumes were $248.5 billion, up 57% year over year. Options contracts traded increased 34% year over year to 224.8 million. Robinhood App crypto notional trading volumes declined 37% from the prior-year month to $5.4 billion. For April 2026, Robinhood reported Bitstamp crypto notional trading volume of $6.5 billion. Hence, overall crypto notional trading volumes were $11.9 billion, up 38% year over year.

At the end of the reported month, cash sweep balances were $27.6 billion, down 4% year over year, while margin balances surged 114% to $18 billion. Securities lending revenues rose 28% from April 2025 to $32 million, underscoring the operating leverage created by higher platform assets.

Our Take on HOOD

Elevated share-based compensation and operations in a highly regulated market expose Robinhood to higher compliance costs and regulatory scrutiny. Weaker performance of the crypto markets continues to be a near-term concern for the company.

In the past six months, HOOD shares have declined 30.4% against the industry’s growth of 4.5%.

 

Zacks Investment Research
Image Source: Zacks Investment Research

 

Currently, Robinhood carries a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of HOOD’s Peers in April

Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a rise in client DARTs on a year-over-year basis.

Total client DARTs for IBKR in April were 4,241,000, representing an 11% increase from April 2025 but down 2% from March 2026. On an annualized basis, cleared average DARTs per customer account were 189 for April 2026. The metric declined 17% year over year and 5% from March 2026. Interactive Brokers’ total customer accounts rose 31% year over year and 2% from the last month to 4.86 million in April 2026.

Tradeweb Markets Inc. (TW - Free Report) reported a rise in trading volumes in April 2026. 

Total trading volume was $62.2 trillion in April 2026. Average daily volume was $2.9 trillion, up 7.7% from April 2025. In the reported month, Tradeweb’s average daily trades were 179,005.

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