Robinhood Margin Balances Hit Record $21.6 Billion in Q2

Robinhood’s margin balances reached a record $21.6 billion on June 30, 2026, up 127% from a year earlier and 27% from the first quarter. Margin balances are an interest-earning asset tied primarily to customer receivables.

Customer receivables, primarily margin balances, rose to $21.6 billion from $9.3 billion a year earlier. Robinhood’s total platform assets reached $368.7 billion at the end of the second quarter, while Robinhood had 28.4 million funded customers.

The balance remained close to the quarterly record after the period ended. Margin balances stood at $21.5 billion on Aug. 31, up 4% from July and 72% from August 2025. The balance had declined to $20.7 billion at the end of July before rebounding.

More than $6 billion in Cash Sweep balances moved to customer free-credit balances in February after Robinhood changed its brokerage High-Yield Cash program to fund margin-lending growth.

Net interest revenue rose 9% year over year to $389 million in the second quarter, helped primarily by growth in interest-earning assets.

Robinhood’s margin book covers customer balances tied primarily to receivables and is a company-specific measure. It is not directly interchangeable with broader U.S. margin-debt totals.