HOOD · 10-Q · 2026Q1 · Full report

Robinhood Gold Subscriber and ARPU Growth

Robinhood Markets, Inc. · 2026-04-29 · Importance 60 · Surprise 74

Robinhood Gold Subscribers grew 36% to 4.34 million, and ARPU increased 8% to $157, supporting growth in other revenues and recurring subscription income. Other revenues rose $31 million, primarily driven by higher Gold subscription revenues, coin listing fees, and revenues from acquired businesses. The subscriber growth suggests increased monetization of active customer cohorts and contributes to diversification away from transaction‑only revenue. Management links this to product expansion and higher engagement from more seasoned investors.

Key facts

Robinhood Gold Subscribers increased 36% to 4.34 million as of March 31, 2026 compared to 3.19 million as of March 31, 2025.
Average revenue per user (ARPU) increased 8% to $157 for the three months ended March 31, 2026 compared to $145 for the three months ended March 31, 2025.

Impact estimates

metric	direction	stage	expected	basis
revenue	positive	realized	—	Robinhood Gold Subscribers increased 36% to 4.34 million as of March 31, 2026 compared to 3.19 million as of March 31, 2025.