[site-breadcrumb]
Main takeaways
- In Q1 2022, revenue at brokers was essentially unchanged (+1%) while profit declined by 10% on average compared to Q1 2021. Meanwhile, new account openings plunged 70% in the same period.
- There are significant differences between revenue per customer numbers at brokers. Among the brokerages covered, Robinhood had the lowest number in this regard in Q1 2022, roughly 94% below the market average.
Retail Brokerage Industry Revenue Report and Key Findings
This independent global brokerage comparison platform has reviewed more than 100 brokerage companies worldwide and currently assists over 200,000 users every month. Its research team continuously tracks developments and evolving trends across the retail brokerage sector.
For this report, publicly available financial information related to broker revenues and profitability was analyzed. The sections below present the most important insights uncovered through this research.
Contents
-
Broker revenue in Q1 2022
-
Broker revenue in 2021
-
Revenue trends over the years
-
Revenue per client in Q1 2022
-
Revenue per client in 2021
-
Net profit in Q1 2021
-
Net profit in 2021
-
Contact details
For more reports and financial insights based on the platform’s data dashboard, you can explore additional analyses available on the relevant page.
Brokerage revenue and profit
Total revenue
Notes to the “Revenue in 2022 Q1” chart:
- Data was collected from brokers’ public reports.
- In parentheses next to the broker’s name, we highlighted where applicable which region/country the broker mostly targets.
Back to Summary
Notes to the “Revenue in 2021” chart:
- Data was collected from brokers’ public reports.
- In parentheses next to the broker’s name, we highlighted where applicable which region/country the broker mostly targets.
Back to Summary
Total revenue by year (USD million)
Notes to the chart:
- Data was collected from brokers’ public reports.
- The Q1 2022 revenue data was estimated based on Q4/H2 2021 revenue data for brokers that haven’t released yet their public report for Q1. These brokers include Hargreaves Lansdown, AJ Bell Youinvest, Interactive Investors, Saxo Bank, and Swissquote.
Back to Summary
Brokerage revenue and profit
Revenue per customer
Notes to the “Revenue per customer in 2022 Q1” chart:
- Data was collected from brokers’ public reports.
- In parentheses next to the broker’s name, we highlighted where applicable which region/country the broker mostly targets.
Back to Summary
Notes to the “Revenue per customer in 2021” chart:
- Data was collected from brokers’ public reports.
- In parentheses next to the broker’s name, we highlighted where applicable which region/country the broker mostly targets.
Back to Summary
Brokerage revenue and profit
Total profit
Net profit in Q1 2022, by broker (USD million)
Notes to the chart:
- Data was collected from brokers’ public reports.
- In parentheses next to the broker’s name, we highlighted where applicable which region/country the broker mostly targets.
Back to Summary
Net profit in 2021, by broker (USD million)
Notes to the chart:
- Data was collected from brokers’ public reports.
- In parentheses next to the broker’s name, we highlighted where applicable which region/country the broker mostly targets.
Back to Summary
Brokerage revenue and profit
Revenue breakdown
