TLDR
- Robinhood stock fell ~2% in after-hours trading after releasing February platform metrics on March 12.
- Equity trading volume hit $194.4 billion, down 14% from January but up 36% year-over-year.
- Options trading also dipped month-over-month, with 180.3 million contracts traded, down 10% from January.
- Crypto trading was the bright spot — $25 billion in volume, up 9% from January and 74% year-over-year.
- Total platform assets stood at $314 billion at month-end, down 3% from January but up 68% year-over-year.
Robinhood reported its February activity numbers on March 12, and the market didn’t love what it saw. The stock dipped around 2% in after-hours trading after the data showed a mixed picture across its core trading categories.
Equity trading volume came in at $194.4 billion for the month. That’s a 14% drop from January, though it’s still 36% higher than February of last year. Average daily equity trading volume was $10.2 billion, down 11% month-over-month but up 36% year-over-year.
The Robinhood app itself had a rougher go of it. App-level average daily volumes fell 35% year-over-year to $336 million, which stands out against the broader platform’s stronger performance.
Options weren’t a bright spot either. The platform processed 180.3 million options contracts in February, a 10% decline from January. Average daily options volume came in at 9.5 million contracts, down 5% on the month, though up 9% compared to last year.
Event contracts took the biggest hit. Volume dropped 29% from January to 2.4 billion contracts, with average daily volume falling 22% month-over-month to 86 million contracts.
Crypto Picks Up the Slack
Crypto was the one category that actually grew. Robinhood reported $25 billion in crypto trading volume for February — up 9% from January and a full 74% higher than a year ago. Bitcoin’s continued strength, even after a sharp selloff earlier in the month, helped keep volumes elevated.
The Robinhood app specifically accounted for $9.4 billion of that crypto volume, up 8% from January. That said, app-level crypto ADVs are still 35% below where they were a year ago.
Cash and deposit balances at the end of February were $16.5 billion, up 67% year-over-year. In February, Robinhood updated its brokerage High-Yield Cash program to support growth in margin lending. That move shifted over $6 billion in Cash Sweep balances to free credit balances.
User Growth Holds Steady
Customer numbers continued to climb. Robinhood ended February with 27.4 million funded accounts, continuing its steady upward trend.
Total platform assets were $314 billion at month-end, down 3% from January 2026 but up 68% compared to February 2025. The month-over-month dip reflects both the trading slowdown and broader market conditions during the period.
Wall Street remains generally upbeat on the stock. Analysts currently have a Strong Buy consensus on HOOD, based on 14 Buy ratings, two Hold ratings, and zero Sell ratings over the past three months. The average price target sits at $125.77.
Considering a new stock? You may want to see what’s on our watchlist first.
Our team at Knockout Stocks follows top-performing analysts and market-moving trends to spot potential winners early. We’ve identified five stocks gaining quiet attention that could be worth watching now. Create your free account to unlock the full report and get ongoing stock insights.Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
