Robinhood Markets, Inc. (HOOD)财务
NASDAQ · Financial Services · Financial - Capital Markets · 员工2,900人 · CEO Vladimir Tenev
- 股价
- $84.99 -7.21%
- 市值
- $674亿
- 企业价值
- $643亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-02-09 EPS预期 $0.61
营收(TTM)$50.9亿+21.1% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)45.7%-1.9 百分点 对比去年同期营业利润 $23.3亿
净利润(TTM)$19.8亿-9.6% 对比去年同期税后,含营业外收益
自由现金流(TTM)$29.7亿+165.4% 对比去年同期资本支出 $7600万
稀释EPS(TTM)$2.17-10.0% 对比去年同期最近4个季度之和
净现金$31.7亿+399.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $674亿 EV $643亿
- 营收
- $50.9亿 过去12个月
- 营收增速
- +19% FY2026年一致预期
- 净利润率
- 39.0% 净利润 / 营收,TTM
- P/E
- 38.6× 预期 39.6×(FY2026)
- P/S
- 13.2× 股价 / 营收,TTM
- EV / EBITDA
- 27.2× TTM
- 自由现金流
- $29.7亿 过去12个月
- 净利润
- $19.8亿 过去12个月
- 营收预期
- $53.3亿 FY2026年一致预期
- 盈利
- 2027-02-09 营收预期 $15.2亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-27):营收低于预期1.0%,EPS 超预期7.5%营收$14.2亿,预期$14.4亿(-1.0%);EPS $0.60,预期$0.56(+7.5%)。
- 营收增长放缓:同比12.4%Q3 '26营收$14.3亿,此前四个季度的平均值为43.5%。
- 营业利润率45.7%(TTM),较去年同期-1.9 百分点营收增长21.1%,营业利润增长16.3%。
- 资本支出占营收的1.5%(去年为1.3%)最近4个季度投入$7600万(同比+35.7%)。自由现金流$29.7亿,相当于净利润的149.7%。
- 股东回报$7.89亿 = 自由现金流的26.6%回购$7.89亿(去年为$7.13亿),股息$0,股权激励$3.53亿(TTM)。
- 稀释股数一年内减少0.8%Q3 '26稀释股数9.11亿,一年前为9.18亿。
- 净现金 $31.7亿现金 + 短期投资 $58.3亿,含租赁债务 $26.6亿;一年前净债务 $10.6亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $14.3亿 | $12.7亿 | +12.4% |
| 毛利率 | 92.7% | 86.7% | +5.9 百分点 |
| 营业利润 | $6.93亿 | $6.35亿 | +9.1% |
| 营业利润率 | 48.4% | 49.8% | -1.4 百分点 |
| 净利润 | $4.68亿 | $5.56亿 | -15.8% |
| 稀释EPS | $0.51 | $0.61 | -16.4% |
| 经营现金流 | $12.3亿 | -$15.8亿 | +177.7% |
| 资本支出 | $2100万 | $1200万 | +75.0% |
| 自由现金流 | $12亿 | -$15.9亿 | +175.8% |
| R&D | $0 | $2.37亿 | -100.0% |
| 股权激励费用 | $8000万 | $7800万 | +2.6% |
实际 vs 一致预期
2026-10-27| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $14.2亿 | $14.4亿 | -1.0% |
| EPS(一致预期口径) | $0.60 | $0.56 | +7.5% |
来自2026-10-27发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Transaction-Based Revenues | $8.67亿 | +18.8% | 85.9% | – | – | |
| Transaction-based revenues | – | – | – | – | – | |
| Total net interest revenues | – | – | – | – | – | |
| Other revenues | – | – | – | – | – | |
| Other Revenue | $7300万 | +114.7% | 7.2% | – | – | |
| Gold Subscription Revenues | $6200万 | +31.9% | 6.1% | – | – | |
| Proxy Revenues | $700万 | 0.0% | 0.7% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $30.5亿
- 资本支出
- -$7600万
- 股票回购
- -$7.89亿
- 股息
- $0
- 收购
- -$1.54亿
- 债务净发行
- $29.3亿
- 股权激励费用
- $3.53亿
- 自由现金流
- $29.7亿
- 股东回报 / FCF
- 26.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 38.6× | 38.3× 5年中的2年 | 23.3× – 53.3× |
| EV / EBITDA | 27.2× | 40.6× 5年中的2年 | 31.8× – 49.5× |
| EV / 营收 | 12.6× | 10.1× | 1.9× – 24.1× |
| 股价 / FCF | 22.7× | 36.6× 5年中的2年 | 9.8× – 63.4× |
| 股价 / 净资产 | 7.6× | 4.0× | 1.0× – 11.0× |
| FCF收益率 | 4.4% | -1.6% | -12.7% – 10.2% |
| 投入资本回报率 | 14.9% | -3.0% | -14.8% – 8.9% |
| 净资产收益率 | 20.9% | -7.0% | -50.6% – 20.6% |
分析师
一致目标价 $134.40 (+58.1%)
区间 $100.00 – $170.00 · 评级 Buy
强烈买入0
买入21
持有5
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $53.3亿 | +19.2% | $2.14 | +4.6% | 39.6× | 16 |
| FY2027 | $68.9亿 | +29.2% | $3.02 | +40.7% | 28.2× | 21 |
| FY2028 | $80.7亿 | +17.0% | $3.62 | +20.1% | 23.5× | 18 |
| FY2029 | $97.2亿 | +20.5% | $4.31 | +19.1% | 19.7× | 9 |
| FY2030 | $90.4亿 | -7.0% | $3.82 | -11.4% | 22.2× | 8 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Robinhood Markets, Inc.在近期10-Q / 10-K文件中标记的全部285项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accelerated Share Repurchase Program, Adjustment | $11亿2026-03-31 | – | – | – | – | – |
| Accounts Payable and Accrued Liabilities, Current | $6.58亿 | $3.99亿 | +64.9% | $4.63亿 | $3.97亿 | +16.6% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $7100万 | $2600万 | +173.1% | $1.14亿 | $7600万 | +50.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $2.14亿2025-12-31 | $1.54亿 | +39.0% | $2.14亿 | $1.54亿 | +39.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$900万 | $700万 | -228.6% | $800万 | -$100万 | +900.0% |
| Additional Paid in Capital | $108亿 | $113亿 | -4.7% | $113亿 | $120亿 | -6.0% |
| Advertising Expense | – | – | – | $2.74亿 | $1.79亿 | +53.1% |
| Amortization of Intangible Assets | $900万 | $600万 | +50.0% | $2300万 | $2000万 | +15.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1300万 | 0 | – | 2.44万 | 2480万 | -99.9% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $8500万 | $8400万 | +1.2% | $3.28亿 | $3.3亿 | -0.6% |
| AssetAcquisitionConsiderationTransferred | $02025-09-30 | $0 | – | $300万2024-12-31 | $0 | – |
| Assets | $583亿 | $415亿 | +40.6% | $381亿 | $262亿 | +45.6% |
| Assets, Current | $563亿 | $400亿 | +40.8% | $363亿 | $251亿 | +44.6% |
| Assets, Fair Value Disclosure | $116亿 | – | – | – | – | – |
| Capitalized Computer Software, Amortization | – | – | – | $4900万 | $4300万 | +14.0% |
| Capitalized Contract Cost, Impairment Loss | – | – | – | $0 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $58.3亿 | $43.3亿 | +34.6% | $42.6亿 | $43.3亿 | -1.6% |
| Cash and Securities Segregated under Federal and Other Regulations | $134亿 | $84.4亿 | +59.2% | $57.5亿 | $47.2亿 | +21.7% |
| Cash Segregated under Other Regulations | $88.8亿 | $68.5亿 | +29.6% | $55.5亿 | $43.3亿 | +28.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $148亿 | $113亿 | +30.9% | $98.9亿 | $87亿 | +13.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $10.8亿 | -$17.2亿 | +162.7% | $12亿 | -$6.51亿 | +284.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $800万 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4.69亿 | $5.56亿 | -15.6% | $18.9亿 | $14.1亿 | +33.9% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.77亿 | $5.56亿 | -14.2% | $18.9亿 | $14.1亿 | +33.9% |
| Contract with Customer, Asset, before Allowance for Credit Loss | $2.91亿 | $2.23亿 | +30.5% | $1.85亿 | $2.94亿 | -37.1% |
| Contract with Customer, Liability | $8000万 | $5700万 | +40.4% | $5700万 | $1100万 | +418.2% |
| Contract with Customer, Liability, Current | $185亿 | $123亿 | +50.0% | $120亿 | $74.5亿 | +60.9% |
| Contract with Customer, Receivable, after Allowance for Credit Loss, Current | $236亿 | $144亿 | +64.0% | $180亿 | $82.4亿 | +118.4% |
| Convertible Debt, Noncurrent | $21.7亿2026-06-30 | – | – | – | – | – |
| CryptoAssetFairValue | $379亿 | $518亿 | -26.8% | $382亿 | $352亿 | +8.5% |
| Current Federal Tax Expense (Benefit) | – | – | – | $2200万 | $1600万 | +37.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $400万 | $0 | – |
| Current Income Tax Expense (Benefit) | – | – | – | $4400万 | $2200万 | +100.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1800万 | $600万 | +200.0% |
| Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | $02025-09-30 | $100万 | -100.0% | $100万2024-12-31 | $0 | – |
| Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | $02025-09-30 | $100万 | -100.0% | $02024-12-31 | $100万 | -100.0% |
| Debt Securities, Held-to-maturity, Allowance for Credit Loss | $02025-09-30 | $0 | – | $02024-12-31 | $0 | – |
| Debt Securities, Held-to-maturity, Fair Value | $5300万2025-09-30 | $5.27亿 | -89.9% | $3.99亿2024-12-31 | $4.85亿 | -17.7% |
| Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $5300万2025-09-30 | $5.27亿 | -89.9% | $3.99亿2024-12-31 | $4.12亿 | -3.2% |
| DebtSecuritiesHeldToMaturityAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLossMaturityAllocatedAndSingleMaturityDateYearOne | $5300万2025-09-30 | $5.27亿 | -89.9% | $3.98亿2024-12-31 | $4.13亿 | -3.6% |
| DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLossCurrent | $02025-12-31 | $3.98亿 | -100.0% | $0 | $3.98亿 | -100.0% |
| DebtSecuritiesHeldToMaturityExcludingAccruedInterestNonaccrualNoAllowance | $5300万2025-09-30 | $5.27亿 | -89.9% | $3.98亿2024-12-31 | $4.86亿 | -18.1% |
| Deconsolidation, Gain (Loss), Amount | $100万 | $0 | – | – | – | – |
| Deferred Costs, Current | $2.26亿 | $1.61亿 | +40.4% | $1.85亿 | $1亿 | +85.0% |
| Deferred Costs, Noncurrent | $5.78亿 | $3.6亿 | +60.6% | $4.28亿 | $1.95亿 | +119.5% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $1.73亿 | -$3.33亿 | +152.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$1200万 | $0 | – |
| Deferred Income Tax Expense (Benefit) | $6100万 | $0 | – | $1.81亿 | -$3.69亿 | +149.1% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $2000万 | -$3600万 | +155.6% |
| Deferred Tax Assets, Gross | $5.15亿2025-12-31 | $5.63亿 | -8.5% | $5.15亿 | $5.63亿 | -8.5% |
| Deferred Tax Assets, Net | $1.79亿2025-12-31 | $3.71亿 | -51.8% | $1.79亿 | $3.71亿 | -51.8% |
| Deferred Tax Assets, Operating Loss Carryforwards | $4000万2025-12-31 | $2900万 | +37.9% | $4000万 | $2900万 | +37.9% |
| Deferred Tax Assets, Other | $4100万2025-12-31 | $3100万 | +32.3% | $4100万 | $3100万 | +32.3% |
| Deferred Tax Assets, Tax Credit Carryforwards | $1.93亿2025-12-31 | $1.74亿 | +10.9% | $1.93亿 | $1.74亿 | +10.9% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $1000万2025-12-31 | $1600万 | -37.5% | $1000万 | $1600万 | -37.5% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $2900万2025-12-31 | $1600万 | +81.3% | $2900万 | $1600万 | +81.3% |
| Deferred Tax Assets, Valuation Allowance | $1.05亿2025-12-31 | $8800万 | +19.3% | $1.05亿 | $8800万 | +19.3% |
| Deferred Tax Liabilities, Gross | $2.31亿2025-12-31 | $1.04亿 | +122.1% | $2.31亿 | $1.04亿 | +122.1% |
| Deferred Tax Liabilities, Leasing Arrangements | $4300万2025-12-31 | $2400万 | +79.2% | $4300万 | $2400万 | +79.2% |
| Deferred Tax Liabilities, Other | $400万2025-12-31 | $0 | – | $400万 | $0 | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01