Last 21 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Robinhood Markets, Inc.'s quarterly P/E stands at 45.6x, up 62.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 23.4% YoY to 33.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 37.58 | 45.59 | 42.84 | 58.68 | 55.73 | 28.12 | 9.23 | 35.36 | 27.32 | 28.05 | 93.68 | — | 92.07 |
| — | +62.1% | +364.1% | +66.0% | +104.0% | +0.2% | -90.1% | — | -70.3% | — | — | — | — | |
| P/S Ratio | 15.51 | 14.86 | 20.22 | 25.79 | 21.52 | 10.21 | 8.34 | 8.32 | 7.53 | 7.13 | 5.97 | 4.70 | 4.73 |
| — | +45.6% | +142.5% | +209.9% | +185.8% | +43.2% | +39.6% | +77.1% | +59.2% | +44.4% | +25.4% | -23.8% | -16.3% | |
| P/B Ratio | 7.73 | 6.55 | 11.33 | 15.34 | 10.55 | 4.76 | 4.24 | 2.94 | 2.88 | 2.56 | 1.68 | 1.34 | 1.28 |
| — | +37.6% | +167.0% | +421.4% | +265.6% | +85.9% | +152.5% | +120.3% | +125.4% | +107.0% | +61.5% | +4.2% | +24.8% | |
| P/FCF | 42.75 | 13.28 | — | — | 6.10 | 14.99 | — | 2.96 | 109.26 | — | 2.95 | — | 6.28 |
| — | -11.4% | — | — | -94.4% | — | — | — | +1639.8% | — | -72.1% | — | — | |
| EV / EBITDA | 36.94 | 33.64 | 42.70 | 54.32 | 50.87 | 27.26 | 15.93 | 34.95 | 25.49 | 24.18 | 53.00 | — | 45.34 |
| — | +23.4% | +168.1% | +55.5% | +99.5% | +12.7% | -69.9% | — | -43.8% | — | — | — | — | |
| EV / EBIT | 38.46 | 35.52 | 44.21 | 56.21 | 53.30 | 28.73 | 16.56 | 39.57 | 27.92 | 26.75 | 83.04 | — | 79.34 |
| — | +23.6% | +167.0% | +42.0% | +90.9% | +7.4% | -80.1% | — | -64.8% | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Robinhood Markets, Inc.'s operating margin was 38.5% in Q1 2026, down 12.1 pp QoQ and down 1.4 pp YoY. The trailing four-quarter average of 45.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.3% | 80.6% | 76.5% | 86.7% | 85.7% | 82.4% | 85.8% | 81.0% | 82.0% | 81.2% | 78.1% | 75.8% | 74.9% |
| — | -2.2% | -10.8% | +7.1% | +4.6% | +1.5% | +9.8% | +6.9% | +9.4% | +9.5% | +32.0% | +22.2% | +35.3% | |
| Operating Margin | 46.8% | 38.5% | 50.7% | 49.8% | 44.4% | 39.9% | 55.0% | 23.7% | 27.7% | 25.9% | 6.4% | -15.6% | 4.1% |
| — | -3.5% | -7.9% | +110.3% | +60.2% | +54.2% | +764.0% | +251.6% | +573.4% | +122.8% | +113.4% | +55.6% | +104.5% | |
| Net Margin | 42.1% | 32.8% | 47.2% | 43.6% | 39.0% | 36.2% | 90.3% | 23.5% | 27.6% | 25.4% | 6.4% | -18.2% | 5.1% |
| — | -9.5% | -47.8% | +85.3% | +41.6% | +42.7% | +1318.3% | +229.4% | +435.9% | +121.9% | +114.6% | +62.5% | +105.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.0% | 3.7% | 6.8% | 6.7% | 4.8% | 4.2% | 12.1% | 2.1% | 2.7% | 2.3% | 0.5% | -1.2% | 0.4% |
| — | -12.0% | -43.4% | +219.2% | +79.5% | +82.5% | +2569.4% | +269.5% | +664.1% | +131.7% | +118.9% | +50.7% | +108.4% | |
| ROA | 5.9% | 0.8% | 1.5% | 1.4% | 1.2% | 1.3% | 2.6% | 0.4% | 0.4% | 0.5% | 0.1% | -0.3% | 0.1% |
| — | -33.1% | -42.4% | +308.5% | +185.7% | +153.9% | +1833.0% | +214.7% | +385.3% | +124.7% | +119.7% | +56.6% | +106.5% | |
| ROIC | 7.9% | 1.8% | 2.0% | 2.1% | 1.7% | 1.7% | 2.8% | 0.8% | 1.2% | 1.1% | 0.2% | -0.5% | 0.2% |
| — | +5.3% | -28.5% | +150.1% | +43.4% | +51.9% | +1146.0% | +254.7% | +703.8% | +127.6% | +114.4% | +50.9% | +106.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 9.5% YoY to 1.22x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.68 | — | 1.68 | 1.83 | 1.57 | 1.14 | 0.94 | 1.01 | 0.71 | 0.61 | 0.53 | 0.49 | 0.41 |
| — | — | +79.6% | +80.4% | +119.1% | +86.9% | +76.7% | +105.3% | +72.3% | +65.3% | +100.9% | +116.8% | +91.4% | |
| Debt / EBITDA | 7.07 | — | 22.89 | 23.84 | 27.48 | 23.33 | 12.87 | 42.73 | 24.59 | 23.81 | 75.47 | — | 85.20 |
| — | — | +77.9% | -44.2% | +11.7% | -2.0% | -83.0% | — | -71.1% | — | — | — | — | |
| Current Ratio | 1.00 | 1.22 | 1.26 | 1.22 | 1.25 | 1.35 | 1.39 | 1.18 | 1.19 | 1.16 | 1.58 | 1.31 | 1.32 |
| — | -9.5% | -9.0% | +3.0% | +4.6% | +15.9% | -12.0% | -9.6% | -9.4% | -11.7% | +11.8% | -5.0% | -4.8% | |
| Quick Ratio | 1.00 | 1.22 | 1.26 | 1.22 | 1.25 | 1.35 | 1.39 | 1.18 | 1.19 | 1.16 | 1.58 | 1.31 | 1.32 |
| — | -9.5% | -9.0% | +3.0% | +4.6% | +15.9% | -12.0% | -9.6% | -9.4% | -11.7% | +11.8% | -5.0% | -4.8% | |
| Interest Coverage | — | 68.50 | — | 79.38 | 54.88 | 61.67 | — | 25.17 | 31.50 | 26.67 | 5.00 | -12.17 | 4.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 21 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying HOOD stock.
Robinhood Markets, Inc.'s current P/E is 37.6x. The average P/E over the last 4 quarters is 50.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Robinhood Markets, Inc.'s current operating margin is 46.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Robinhood Markets, Inc.'s business trajectory between earnings reports.