Robinhood Markets, Inc. Class A Common Stock Goldman Sachs Communacopia + Technology Conference 2026

Yeah, always a pleasure. Good to see you, and thank you all for coming to listen.

I know. I really wanted to wear a blazer. I was told this is San Francisco, nobody wears blazers. But I see you're in one, so.

I know, I've got to look the part.

Yeah, Robinhood does a lot of things. We've got Robinhood Chain, Trump Accounts, Robinhood Ventures, obviously our active trader businesses. It can be a lot, but if I had to sum up the company in one word, it's ownership. We believe that ownership of high-quality financial assets is essential. It's not only good for investors, but it's good for society. I think a society where more people have skin in the game and own great industries is an inherently more stable one. Pretty much everything that we do can be seen through this lens, and I put it in three buckets. All of our markets and active trader-related work, where we want to build the best platform for active traders. Ownership doesn't work without a vibrant market. Markets don't work without traders.

Prediction markets, options, equities, all of the assets that we allow people to trade fit into the priority of building the best platform for active traders. The second bucket, which we call it number one in wallet share for the next generation, that is really about being your lifelong financial home. Starting from age zero with initiatives like the Trump Accounts, how can we get someone invested at very low cost into low-cost financial assets and be with them as that compounds through their life? That is where we offer things like retirement accounts, Robinhood Ventures, which gives exposure to private assets, and of course, our different products like TradePMR, which give you human advice, and can help with inheritance events, estate planning, all of those things. I think we have increasingly covered the entire life cycle there.

The third category, which I call number one global financial ecosystem, is really about us spreading ownership across the globe and going from just being a distribution layer, which we have been for quite some time, to also owning the underlying infrastructure behind that distribution. Like we have been doing with Rothera, which we were recently talking about, our vertically integrated prediction markets offering. Like we are doing also with Robinhood Chain, which in addition to us owning distribution through the Robinhood app and through our DeFi products like Robinhood Wallet, Robinhood Chain provides the infrastructure layer, and now we have got developers and all kinds of other market participants collaborating, building on top of the chain, serving their customers.

The end goal really is to take what we have done in the U.S. and what we have done for consumer and make it really easy to distribute it globally to 120 plus countries, and also for it to be just as useful for institutions as it has been for retail.

Yeah. I think already it feels very much like one cohesive Robinhood relationship, and I'm sure there's a lot of Robinhood customers in the audience here. People typically start pretty simple with us, usually when they're pretty young, and they use Robinhood to buy a stock or buy a crypto. The credit card has been incredibly compelling. Robinhood Gold Card, we launched with a very compelling value prop of 3% cash back on all categories, which I can't think of another credit card on the market that has such a compelling value prop, and it's resonated very strongly. It's not just that these two products are living in silos, but actually, in order to get that 3% cash back, you have to redeem it into your brokerage account. So we're encouraging people to build an investing habit as they're doing their spending.

We don't want to be overbearing about it, but I think we look at all of our products. There's really nice tie-ins that actually make the overall experience much better. I'll give you another example. Robinhood Chain, I think one of the advantages we have relative to other blockchain platforms is that we do have a scaled consumer offering with over 28 million funded accounts in the U.S., but increasingly international as well. So when we launched Robinhood Chain, in addition to stock tokens, which are tokenized versions of U.S. equities overseas, we launched a U.S. offering called Robinhood Earn, which offers 7% APY stablecoin-powered yield. So if you use this in the Robinhood app, you take your dollars, we facilitate getting USDG, which is our stablecoin product that we offer in partnership with Paxos, and then that's lent seamlessly on-chain for you to generate this yield.