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Robinhood's July DATs Rise Y/Y: Is Its Expansion Strategy Working?
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Key Takeaways
HOOD's equity and options DATs jumped 29.7% and 90.9%, respectively, year over year in July 2026.
Product expansion across futures, options, prediction markets and AI could support higher trading activity.
HOOD's crypto DATs fell 45.4% year over year to 0.6 million, highlighting mixed trading trends.
Robinhood Markets, Inc. (HOOD - Free Report) reported strong growth in equity and options Daily Average Trades (DATs) in July 2026, underscoring continued momentum in its active-trader business. Equity DATs rose 29.7% year over year to 4.8 million, while options DATs surged 90.9% to 2.1 million. However, crypto DATs fell 45.4% to 0.6 million, highlighting the mixed trends across Robinhood’s trading businesses.
To strengthen its position in the active-trader market, HOOD has been expanding its product offerings and entering new markets. In June 2026, it acquired WonderFi, adding approximately 300,000 funded customers and strengthening its regulated crypto presence in Canada. Earlier, in January 2026, its joint venture with Susquehanna International Group acquired a controlling stake in MIAX Derivatives Exchange, supporting its expansion into futures and derivatives. HOOD also agreed to acquire Indonesia’s PT Buana Capital Sekuritas and PT Pedagang Aset Kripto in December 2025 to gain local licenses and accelerate its APAC expansion. In June 2025, it acquired Bitstamp, adding established crypto infrastructure to support its international business.
Robinhood is also broadening its product suite to drive customer engagement. In 2026, it enhanced Robinhood Legend with futures, short selling and index options and expanded its prediction markets and futures offerings. In 2025, it launched Robinhood Strategies, Robinhood Cortex, an AI assistant for market analysis and real-time insights, and Robinhood Social, which offers verified trading profiles, strategy sharing and expert portfolio tracking. The broader product ecosystem could help HOOD attract and retain active traders while supporting higher trading activity over time.
Thus, continued product expansion and strategic investments are expected to support customer acquisition and transaction-based revenues. The metric witnessed a compound annual growth rate (CAGR) of 57.7% over the last six years ended 2025, primarily driven by options and equities trading. The momentum continued in the first half of 2026, supported by strong trading activity and increased adoption of new products.
Other Details From Robinhood's July Operating Data
In July 2026, HOOD’s total platform assets climbed 19.1% year over year to $355 billion, supported by $5.6 billion in net deposits. Further, funded customers totaled 28.5 million, up 6.7% from July 2025.
Robinhood's equity notional trading volumes were $332.8 billion in July, up 59.1% year over year. Options contracts traded increased 65.5% to 324.2 million. Robinhood App crypto notional trading volumes declined 74.4% from the prior-year month to $4.3 billion, while Bitstamp crypto notional trading volume was $6.6 billion, down 44.5% from the year-ago month. Hence, overall crypto notional trading volumes declined 62% year over year to $10.9 billion.
How Are Competitors Scaling Up to Challenge Robinhood?
HOOD’s key competitors, Interactive Brokers Group, Inc. (IBKR - Free Report) and Tradeweb Markets Inc. (TW - Free Report) , have been expanding their products and technology to strengthen market share.
Interactive Brokers reported daily average revenue trades of 4.4 million clients in July 2026, up 27% year over year, while customer accounts rose 34% to 5.32 million. IBKR continues to expand its product suite and global reach, including nearly 24/5 Forecast Contracts trading, a unified prediction markets interface and broader access to Korean equities in May 2026.
Tradeweb reported $67.5 trillion in total trading volume in July 2026, with average daily volume rising 23.3% year over year to $2.9 trillion. TW continues to invest in electronic trading and AI. In June 2026, it launched TARA, an AI-powered research assistant for institutional credit trading, while also expanding prediction-market data and blockchain-based trading capabilities.
In the past six months, Robinhood shares have gained 27% compared with the industry’s 15.3% growth.
Price Performance
Image Source: Zacks Investment Research
HOOD shares are currently trading at a massive premium to the industry. The company has a 12-month trailing price-to-tangible book of 9.93X compared with the industry average of 3.38X.
Price-to-Tangible Book TTM
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Robinhood’s 2026 earnings implies a year-over-year decline of 1.46%, while the 2027 estimate indicates year-over-year growth of 16.2%. Earnings estimates for both years have been revised upward over the past 30 days.
View the Zacks #1 Rank List
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Robinhood's July DATs Rise Y/Y: Is Its Expansion Strategy Working?
Key Takeaways
Robinhood Markets, Inc. (HOOD - Free Report) reported strong growth in equity and options Daily Average Trades (DATs) in July 2026, underscoring continued momentum in its active-trader business. Equity DATs rose 29.7% year over year to 4.8 million, while options DATs surged 90.9% to 2.1 million. However, crypto DATs fell 45.4% to 0.6 million, highlighting the mixed trends across Robinhood’s trading businesses.
To strengthen its position in the active-trader market, HOOD has been expanding its product offerings and entering new markets. In June 2026, it acquired WonderFi, adding approximately 300,000 funded customers and strengthening its regulated crypto presence in Canada. Earlier, in January 2026, its joint venture with Susquehanna International Group acquired a controlling stake in MIAX Derivatives Exchange, supporting its expansion into futures and derivatives. HOOD also agreed to acquire Indonesia’s PT Buana Capital Sekuritas and PT Pedagang Aset Kripto in December 2025 to gain local licenses and accelerate its APAC expansion. In June 2025, it acquired Bitstamp, adding established crypto infrastructure to support its international business.
Robinhood is also broadening its product suite to drive customer engagement. In 2026, it enhanced Robinhood Legend with futures, short selling and index options and expanded its prediction markets and futures offerings. In 2025, it launched Robinhood Strategies, Robinhood Cortex, an AI assistant for market analysis and real-time insights, and Robinhood Social, which offers verified trading profiles, strategy sharing and expert portfolio tracking. The broader product ecosystem could help HOOD attract and retain active traders while supporting higher trading activity over time.
Thus, continued product expansion and strategic investments are expected to support customer acquisition and transaction-based revenues. The metric witnessed a compound annual growth rate (CAGR) of 57.7% over the last six years ended 2025, primarily driven by options and equities trading. The momentum continued in the first half of 2026, supported by strong trading activity and increased adoption of new products.
Other Details From Robinhood's July Operating Data
In July 2026, HOOD’s total platform assets climbed 19.1% year over year to $355 billion, supported by $5.6 billion in net deposits. Further, funded customers totaled 28.5 million, up 6.7% from July 2025.
Robinhood's equity notional trading volumes were $332.8 billion in July, up 59.1% year over year. Options contracts traded increased 65.5% to 324.2 million. Robinhood App crypto notional trading volumes declined 74.4% from the prior-year month to $4.3 billion, while Bitstamp crypto notional trading volume was $6.6 billion, down 44.5% from the year-ago month. Hence, overall crypto notional trading volumes declined 62% year over year to $10.9 billion.
How Are Competitors Scaling Up to Challenge Robinhood?
HOOD’s key competitors, Interactive Brokers Group, Inc. (IBKR - Free Report) and Tradeweb Markets Inc. (TW - Free Report) , have been expanding their products and technology to strengthen market share.
Interactive Brokers reported daily average revenue trades of 4.4 million clients in July 2026, up 27% year over year, while customer accounts rose 34% to 5.32 million. IBKR continues to expand its product suite and global reach, including nearly 24/5 Forecast Contracts trading, a unified prediction markets interface and broader access to Korean equities in May 2026.
Tradeweb reported $67.5 trillion in total trading volume in July 2026, with average daily volume rising 23.3% year over year to $2.9 trillion. TW continues to invest in electronic trading and AI. In June 2026, it launched TARA, an AI-powered research assistant for institutional credit trading, while also expanding prediction-market data and blockchain-based trading capabilities.
HOOD’s Price Performance, Valuation & Estimate Analysis
In the past six months, Robinhood shares have gained 27% compared with the industry’s 15.3% growth.
Price Performance
Image Source: Zacks Investment Research
HOOD shares are currently trading at a massive premium to the industry. The company has a 12-month trailing price-to-tangible book of 9.93X compared with the industry average of 3.38X.
Price-to-Tangible Book TTM
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Robinhood’s 2026 earnings implies a year-over-year decline of 1.46%, while the 2027 estimate indicates year-over-year growth of 16.2%. Earnings estimates for both years have been revised upward over the past 30 days.
Estimates Revision Trend
Image Source: Zacks Investment Research
Currently, HOOD carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.