Cardintel

Robinhood

Robinhood Markets, Inc.

HOODFintech

15 quarters tracked through Q1 2026

Q1 2026 · Coverage note

A Pre-Scale Card Program

Robinhood's Gold Card (built on the acquired X1 platform) is early-stage and small relative to the launch-universe issuers. Card-specific receivables and credit metrics are not yet separately disclosed at a scale that supports a quarterly credit brief.

The Robinhood Gold Card is too early and too small to support a quarterly card-credit brief.

Robinhood's card franchise — the Gold Card, built on the X1 technology it acquired — is in its build-out phase. Card receivables and credit performance are not yet broken out at a scale or consistency that would let Cardintel publish a credible quarterly brief.

Robinhood's broader results are reported on a transaction-and-net-interest-revenue basis where the card line is a small, embedded component. Extracting a standalone card-credit picture is not yet reliable.

Cardintel covers Robinhood's card program as the most relevant fintech-card growth story to watch, and will publish a full brief once the disclosed data supports one — consistent with the policy of reporting only what the data supports.

By the editors. Cardintel.

Credit quality

Net charge-off rate

30+ day delinquency rate

Net interest margin

card segment NIM — sparse

Return on assets

consolidated, Q1 2026, annualized

Scale & earnings

Card receivables (EOP)

Card net revenue

Provision for credit losses

Net charge-offs ($)

Financial summary

P&L, balance sheet, and key drivers

Standardized issuer-summary format used across all coverage. Switch tabs to compare Robinhood against a peer; change the table quarter independently of the page anchor.

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MetricRobinhood
Q1 2026
Prior Q
Q4 2025
Prior Y
Q1 2025
QoQYoY
Card net revenue
Provision for credit losses
Fee income (non-interest)
Net interest incomeSprint 8 — split out of card net revenue
Noninterest expenseSprint 8 — segment expense extraction
Pretax income
Net income

Generated commentary

Robinhood P&L for Q1 2026 — most line items pending ingestion.

$ in cents (formatted as $B / $M / $). Rows marked “pending” are tracked and will populate as the corresponding ingestion lands. Source: SEC EDGAR 10-K / 10-Q segment data and FFIEC Call Reports.

Overlay peers
HOODRobinhoodprimary

Net charge-off rate — 5-year history

Robinhood
Peer median
Peer 90th pct.

Net charge-off rate for Robinhood (solid) vs. the bank peer median (dashed) and 90th percentile (dotted). Use the controls above to overlay individual peers or a macroeconomic series on the right axis. Source: SEC 10-K/10-Q filings and FFIEC Call Reports; macro series via FRED.

Source: SEC EDGAR 10-Q filings + FFIEC Call Reports. Updated June 4, 2026.Methodology