Robinhood Reports Slight Decline in Total Trading Volumes in July 2022

US-based online broker Robinhood Markets, Inc. has released selected monthly operating data for July 2022, showing a slight decline in its total trading volumes.

The broker's Net Cumulative Funded Accounts (NCFA) at the end of July were 22.9 Million, unchanged from the end of June 2022. Monthly Active Users (MAU) at the end of July were 13.2 Million, down 0.8 Million from the end of June 2022.

Assets Under Custody (AUC) at the end of July were $74.6 Billion, up 16% from the end of June 2022. Net Deposits were $0.7 Billion in July, translating to a 12% annualized growth rate relative to June 2022 Assets Under Custody, bringing the total over the last twelve months to $17.4B, which translates to an annual growth rate of 18% relative to July 2021 Assets Under Custody.

Total Trading Volumes in July were down slightly from June 2022. Equities were $49 Billion (down 3%), Option contracts were 67 Million (down 2%), and Cryptocurrencies were $6 Billion (down 1%).

Earlier this month, the company has posted its financial metrics for the second quarter ended June 30, 2022, reporting total net revenue of $318 million, up 6 percent from last quarter. Its transaction-based revenues came in at $202 million in the period, compared to $218 million generated in the first quarter of the year.