Robinhood Markets (HOOD) J.P. Morgan 54th Annual Global Technology, Media and Communications Conference summary

Market environment and retail investor trends

• Retail investors are younger, highly engaged, and quickly become sophisticated due to superior access to technology and education.

• Aggressive dip buying has benefited many, but activity is measured and not always frenzied.

• Robinhood's RIX index shows customers have outperformed market indices in two of the last three years.

Product innovation and competitive positioning

• Focus on expanding offerings to match customer sophistication, including index options, futures, and retirement accounts.

• Portfolio Overview links internal and external accounts, supporting cross-sell and highlighting competitive cash yields.

• Wealth management is a major growth area, with a referral network launching soon and significant untapped potential.

International expansion and market differences

• Expansion into the UK, Singapore, and Indonesia leverages technology and education to reach young, underserved populations.

• U.S. retail participation is much higher than in Europe or Asia, but global growth is expected to accelerate.