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Robinhood Markets, Inc.
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=== (B) Net Interest Revenue === This comes from interest on customer cash balances, margin loans, securities lending, cash-sweep programs. In Q2 2025 net interest revenue was ~$357 million (up ~25% Y/Y) per the Q2 release.<ref name=":0" /> Interest revenue is less volatile (though still sensitive to interest-rate levels, customer balances, margin growth and securities lending). Notably, Robinhood’s “cash sweep” balances (customer cash parked and earning interest) and margin book are important drivers.<ref name=":0" />
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