Core Insights - Robinhood Markets Inc. reported a 2.4% decline in shares despite strong quarterly results, with Q3 2025 earnings per share at 61 cents, exceeding the Zacks Consensus Estimate of 51 cents and significantly up from 17 cents in the prior-year quarter [1][9] Financial Performance - The company's net income (GAAP) reached $556 million, a substantial increase from $150 million in the same quarter last year [2] - Total net revenues surged 100% year over year to $1.3 billion, surpassing the Zacks Consensus Estimate of $1.2 billion [3] - Average revenue per user (ARPU) increased by 82% year over year to $191 [3] - Transaction-based revenues rose 128.8% to $730 million, driven by significant increases in options (50%), equities (132%), and cryptocurrencies (300%) [3] Revenue and Expenses Breakdown - Net interest revenues (NIR) increased by 66.4% to $456 million, attributed to a higher balance of interest-earning assets and securities lending activity [4] - Other revenues doubled to $88 million, mainly due to a rise in Gold subscription revenues, with Gold subscribers increasing by 77% year over year to 3.9 million [4] - Total operating expenses rose 31.5% to $639 million, with adjusted operating expenses increasing by 34.8% to $535 million [5] Business Activities and Metrics - Total platform assets grew 119% year over year to $333 billion, driven by net deposits and higher valuations [6] - Equity notional trading volumes reached a record $647 billion, up 126%, while options contracts traded rose 38% to 610 million [6] - Monthly Active Users (MAU) increased by 25.5% year over year to 13.8 million [7] Share Repurchase and Future Outlook - The company repurchased nearly 1 million shares for $107 million during the reported quarter [8] - For 2025, Robinhood anticipates combined adjusted operating expenses and share-based compensation to be approximately $2.28 billion, including costs related to Bitstamp [10] Competitive Landscape - Interactive Brokers reported adjusted earnings per share of 57 cents, up 42.5% year over year, aided by increased revenues and a decline in expenses [12] - Charles Schwab's adjusted earnings of $1.31 per share rose 70% year over year, benefiting from strong asset management performance and higher trading revenues [13]

Core Viewpoint - The Charles Schwab Corporation (SCHW) has significantly reduced its high-cost supplemental funding balances, leading to improved net interest revenues (NIR) and net interest margin (NIM) in 2025 [1][2][3]. Group 1: Financial Performance - By the end of June 2025, SCHW's supplemental funding balance decreased by 70% to $27.7 billion from a peak of $97.1 billion in May 2023 [1]. - In the first half of 2025, SCHW's NIR increased by 25.9% year over year to $5.53 billion, aided by lower interest expenses and growth in bank lending [2]. - The NIM for SCHW rose to 2.59% in the first half of 2025, up from 2.03% in the same period the previous year [2]. Group 2: Future Projections - SCHW's NIR is projected to increase by 24.7% year over year in 2025, driven by the continued reduction in supplemental funding balances and higher interest rates [3]. - Management anticipates NIM to be between 2.65% and 2.75% by the end of 2025, with expectations for fourth-quarter NIM to approach 2.80% [3]. Group 3: Peer Comparison - Robinhood Markets, Inc. (HOOD) reported a 19.4% increase in NIR year over year in 2024 and a 119% increase in 2023, with a 20% rise in the first half of 2025 to $647 million [4]. - Interactive Brokers (IBKR) saw a 12.7% increase in net interest income year over year in 2024 and a 67.5% increase in 2023, with a 5.9% rise to $1.63 billion in the first half of 2025 [5]. Group 4: Stock Performance and Valuation - SCHW's shares have increased by 31.2% this year, outperforming the industry growth of 20.7% [6]. - SCHW trades at a forward price-to-earnings (P/E) ratio of 19.10, which is significantly higher than the industry average of 14.43 [8]. - The Zacks Consensus Estimate indicates earnings growth of 41.2% for 2025 and 17.7% for 2026, with upward revisions in earnings estimates over the past 30 days [9].

Core Insights - Robinhood Markets Inc. reported Q2 2025 earnings per share of 42 cents, exceeding the Zacks Consensus Estimate of 31 cents and up from 21 cents in the prior-year quarter [1][9] Financial Performance - Net income (GAAP) for the quarter was $386 million, significantly up from $188 million in the year-ago quarter [2] - Total net revenues increased by 45% year over year to $989 million, surpassing the Zacks Consensus Estimate of $922.1 million [3] - Average revenue per user (ARPU) rose 34% year over year to $151 [3] - Transaction-based revenues reached $539 million, a 65% increase from the prior-year quarter, driven by improvements in options, equities, and cryptocurrencies [3] - Net interest revenues (NIR) grew 25% to $357 million, attributed to a higher balance of interest-earning assets and securities lending activity [4] - Other revenues increased by 33% to $93 million, mainly due to a rise in Gold subscription revenues, with Gold subscribers jumping 76% year over year to 3.5 million [4] Expenses and Operating Metrics - Total operating expenses were $550 million, up 12%, with adjusted operating expenses increasing 9% to $444 million [5] - Adjusted EBITDA rose to $549 million from $301 million in the year-ago period [5] Business Activities and User Metrics - Total platform assets soared 99% year over year to $279 billion, driven by net deposits and higher equity and cryptocurrency valuations [6] - Equity notional trading volumes reached a record $517 billion, while options contracts traded rose 32% to 515 million [6] - Monthly Active Users (MAU) increased by 8% year over year to 12.8 million [7] Share Repurchase and Outlook - The company repurchased nearly 3 million shares for $124 million during the reported quarter [8] - For 2025, Robinhood anticipates combined adjusted operating expenses and share-based compensation to be in the range of $2.15-$2.25 billion, including Bitstamp-related costs [10] Competitive Landscape - Interactive Brokers reported Q2 2025 adjusted earnings per share of $1.51, surpassing estimates and growing 15.9% year over year, driven by increased trading volume and customer accounts [12] - Charles Schwab's Q2 2025 adjusted earnings of $1.14 per share outpaced estimates and surged 56% year over year, supported by solid asset management performance and higher net interest revenues [13]

Core Insights - Charles Schwab's second-quarter 2025 adjusted earnings per share (EPS) reached $1.14, exceeding the Zacks Consensus Estimate of $1.09, and reflecting a 56% year-over-year increase [1][8] - The company's shares rose nearly 2.4% in pre-market trading due to better-than-expected results driven by market volatility and higher interest rates [1] Financial Performance - The asset management business and trading revenues significantly contributed to the results, alongside higher net interest revenues (NIR) and an increase in brokerage accounts [2] - Quarterly net revenues were reported at $5.85 billion, a 25% increase year over year, surpassing the Zacks Consensus Estimate of $5.70 billion [3][8] - Total non-interest expenses increased by 4% to $3.05 billion, while adjusted total expenses rose 5% year over year to $2.92 billion [3] Profitability Metrics - The pre-tax profit margin improved to 47.9% from 37.2% in the prior-year quarter [4] - Average interest-earning assets grew almost 1% to $422.7 billion, slightly above the estimate of $421.7 billion [4] - The annualized return on equity reached 19%, up from 14% in the prior-year quarter [4] Client Metrics - As of June 30, 2025, total client assets hit a record $10.76 trillion, marking a 14% year-over-year increase [5] - The company attracted $73.6 billion in net new assets during the quarter and added 1.1 million new brokerage accounts, bringing the total to 37.5 million active brokerage accounts [5][8] Shareholder Actions - During the reported quarter, Schwab repurchased 3.9 million shares for $351 million [6] Strategic Outlook - A decline in funding costs and lower rates are expected to support Schwab's margins, along with strategic acquisitions and increased advice solution fees [7] - However, rising expenses and macroeconomic challenges may pose risks to future performance [7]

Core Viewpoint - Robinhood Markets Inc. reported better-than-expected quarterly results, with a notable increase in earnings per share and net income, driven by higher trading activity and increased subscription revenues [1][2][3]. Financial Performance - First-quarter 2025 earnings per share reached 37 cents, exceeding the Zacks Consensus Estimate of 31 cents and up from 18 cents in the prior-year quarter [1]. - Net income (GAAP) was $336 million, significantly higher than $157 million in the same quarter last year [2]. - Total net revenues surged 50% year over year to $927 million, surpassing the Zacks Consensus Estimate of $922.68 million [3]. - Average revenue per user (ARPU) increased 39% year over year to $145 [3]. - Transaction-based revenues rose 77.2% to $583 million, driven by improvements in options, equities, and cryptocurrencies [3]. Revenue Breakdown - Net interest revenues (NIR) grew 14.2% to $290 million, attributed to a higher balance of interest-earning assets and securities lending activity [4]. - Other revenues increased 54.3% to $54 million, mainly due to a rise in Gold subscription revenues, with Gold subscribers increasing 90% year over year to 3.2 million [4]. Expense Analysis - Total operating expenses were $557 million, up 21.1%, primarily due to increases across all components [5]. - Adjusted operating expenses rose 15.6% to $460 million, while adjusted EBITDA jumped to $470 million from $247 million in the prior year [5]. Business Activities - As of March 31, 2025, total assets under custody (AUC) increased 70% year over year to $221 billion, driven by net deposits and the TradePMR acquisition [6]. - Equity notional trading volumes rose 84% to $413 billion, options contracts traded increased 46% to 500 million, and crypto notional trading volumes grew 28% to $46 billion [6]. - Monthly Active Users (MAU) reached 14.4 million, up 5.1% year over year [6]. Share Repurchase and Outlook - In the reported quarter, the company repurchased nearly 7.2 million shares for $322 million and increased its share repurchase authorization by $500 million to $1.5 billion [7]. - The company anticipates combined adjusted operating expenses and share-based compensation for 2025 to be in the range of $2.085-$2.185 billion, including TradePMR-related costs [8].

Shares of Robinhood Market Inc. (HOOD) surged 15.4% in after-market hours on better-than-expected quarterly results. Its fourth-quarter 2024 adjusted earnings per share of 54 cents handily surpassed the Zacks Consensus Estimate of 42 cents. Moreover, the figure compared favorably with earnings of 3 cents in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results benefited substantially from the crypto-trading boom, higher net interest revenues (NIR) and a jump ...

Synovus Financial Corp. (SNV) reported fourth-quarter 2024 adjusted earnings per share of $1.25, which surpassed the Zacks Consensus Estimate of $1.16 per share. This compares with earnings of 80 cents per share a year ago.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Synovus shares rose 4.3% on a better-than-expected performance.Results benefited from strong year-over-year growth in non-interest revenues (NIR), a rise in net interest income (NII), and a fall in expenses an ...

Synovus Financial Corp. (SNV) reported third-quarter 2024 adjusted earnings per share of $1.23, which surpassed the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of 84 cents a year ago. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. Synovus shares increased 2.2% on a better-than-expected performance. Results benefited from strong growth in non-interest revenues (NIR), a fall in expenses and provisions for credit losses. Also, improving loans and dep ...

State Street (STT) is slated to announce third-quarter 2024 results on Oct. 15, before the opening bell. The company's revenues and earnings are expected to have increased year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, STT's earnings beat the Zacks Consensus Estimate. Growth in fee revenues and higher net interest revenues (NIR) primarily aided results. However, higher expenses hurt the results to some extent. State Street has an impre ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39843 Near Intelligence, Inc. (Exact Name of Registrant as Specified in Its Charter) | Delawar | | --- | (State or other jurisdiction of incorporation or organizatio ...