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Robinhood Markets (Robinhood Markets) EBIT : $-524 Mil (TTM As of Dec. 2023)


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What is Robinhood Markets EBIT?

Robinhood Markets's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-524 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Robinhood Markets's annualized ROC % for the quarter that ended in Dec. 2023 was 0.69%. Robinhood Markets's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Robinhood Markets's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.88%.


Robinhood Markets EBIT Historical Data

The historical data trend for Robinhood Markets's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Robinhood Markets EBIT Chart

Robinhood Markets Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-106.93 13.00 -1,641.00 -966.00 -531.00

Robinhood Markets Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -156.00 -501.00 20.00 -73.00 30.00

Competitive Comparison of Robinhood Markets's EBIT

For the Capital Markets subindustry, Robinhood Markets's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Robinhood Markets's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Robinhood Markets's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Robinhood Markets's EV-to-EBIT falls into.



Robinhood Markets EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-524 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Robinhood Markets  (NAS:HOOD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Robinhood Markets's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=120 * ( 1 - -3.45% )/( (15529 + 20606)/ 2 )
=124.14/18067.5
=0.69 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Robinhood Markets's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=120/( ( (123 + max(1475, 0)) + (120 + max(1350, 0)) )/ 2 )
=120/( ( 1598 + 1470 )/ 2 )
=120/1534
=7.82 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3767 + 0 + 14111) - (4698 + 0 + 11705)
=1475

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3584 + 0 + 19764) - (5481 + 0 + 16517)
=1350

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Robinhood Markets's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-524/10741.909
=-4.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Robinhood Markets EBIT Related Terms

Thank you for viewing the detailed overview of Robinhood Markets's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Robinhood Markets (Robinhood Markets) Business Description

Traded in Other Exchanges
Address
85 Willow Road, Menlo Park, CA, USA, 94025
Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.
Executives
Baiju Bhatt director, 10 percent owner, officer: Chief Creative Officer C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Vladimir Tenev director, 10 percent owner, officer: Chief Executive Officer C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Jason Warnick officer: Chief Financial Officer C/O ROBINHOOD MARKETS INC, MENLO PARK CA 94025
Gallagher Daniel Martin Jr officer: Chief Legal Officer C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Index Ventures Vi Parallel Entrepreneur Fund (jersey) Lp director, 10 percent owner NO. 1 SEATON PLACE, ST. HELIER, CHANNEL ISLANDS Y9 JE48YJ
Steven M. Quirk officer: Chief Brokerage Officer C/O ROBINHOOD MARKETS INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Scott D Sandell director, 10 percent owner
Florence Anthony A. Jr. director, 10 percent owner 5425 WISCONSIN AVENUE, SUITE 800, CHEVY CHASE MD 20815
Mohamad Makhzoumi director, 10 percent owner 2855 SAND HILL ROAD, MENLO PARK CA 94025
Meyer Malka director 364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Forest Baskett director, 10 percent owner
Frances X Frei director ADVANCE AUTO PARTS, INC., 5008 AIRPORT RD, ROANOKE VA 24012
Gretchen Howard officer: Chief Operating Officer 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Oluwadara Johnson Treseder director C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Aparna Chennapragada officer: Chief Product Officer C/O EBAY, INC., 2025 HAMILTON AVE., SAN JOSE CA 95125