GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Movement on Goodwill

The carrying amount of goodwill for the period indicated was as follows:

(in millions)	Carrying Amount
As of December 31, 2022	$	100
Additions due to Robinhood Credit	64
As of September 30, 2023	$	164

Schedule of Components of Finite-Lived Intangible Assets

The components of intangible assets, net as of September 30, 2023 were as follows:

(in millions, except years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life - Years
Finite-lived intangible assets
Developed technology	$	48	$	(18)	$	30	3.11
Customer relationships	23		(3)		20		7.29
Trade names	1		—		1		0.78
Indefinite-lived intangible assets	2		—		2
Total	$	74	$	(21)	$	53

Schedule of Components of Indefinite-Lived Intangible Assets

The components of intangible assets, net as of September 30, 2023 were as follows:

(in millions, except years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life - Years
Finite-lived intangible assets
Developed technology	$	48	$	(18)	$	30	3.11
Customer relationships	23		(3)		20		7.29
Trade names	1		—		1		0.78
Indefinite-lived intangible assets	2		—		2
Total	$	74	$	(21)	$	53

Schedule of Future Amortization Expense in Acquired Intangible Assets

As of September 30, 2023, the estimated future amortization expense of finite-lived intangible assets was as follows:

(in millions)	Finite-lived intangible assets
Remainder of 2023	$	5
2024	14
2025	9
2026	9
2027	6
Thereafter	8
Total	$	51