XML 65 R54.htm IDEA: XBRL DOCUMENT v3.24.1.u1
FINANCING ACTIVITIES AND OFF-BALANCE SHEET RISK - Narrative (Details) - USD ($)
1 Months Ended 3 Months Ended
Mar. 22, 2024
Nov. 30, 2023
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Debt Instrument [Line Items]            
Collections of purchased credit card receivables       $ 29,000,000 $ 0  
Customer advance balance       $ 177,000,000    
Settlement date basis, equities       2 days    
Settlement date basis, options       1 day    
Robinhood Credit            
Debt Instrument [Line Items]            
Line of credit facility, amount entered into       $ 100,000,000    
Collections of purchased credit card receivables       31,000,000    
Outstanding amount       17,000,000    
Provision for credit losses       $ 19,000,000    
Robinhood credit | Coastal Bank            
Debt Instrument [Line Items]            
Customer advance limit   $ 300,000,000        
Robinhood credit | Coastal Bank | Interest Rate Margin One            
Debt Instrument [Line Items]            
Variable rate on loan   3.75%        
Customer advance limit threshold   $ 150,000,000        
Robinhood credit | Coastal Bank | Interest Rate Margin Two            
Debt Instrument [Line Items]            
Variable rate on loan   3.00%        
Customer advance limit threshold   $ 150,000,000        
SOFR | Robinhood Credit            
Debt Instrument [Line Items]            
Variable rate on loan       3.00%    
RHM March 2024 Credit Facility | Secured Overnight Financing Rate, Interest Period Of One Month            
Debt Instrument [Line Items]            
Variable rate on loan 0.10%          
RHM March 2024 Credit Facility | Base Rate            
Debt Instrument [Line Items]            
Variable rate on loan 0.00%          
Revolving Credit Facility | April 2023 Credit Agreement | March 2024 credit facility            
Debt Instrument [Line Items]            
Line of credit facility, amount entered into     $ 2,175,000,000   $ 2,175,000,000  
Line of credit facility, term     364 days      
Revolving Credit Facility | Line of Credit            
Debt Instrument [Line Items]            
Outstanding borrowings, long-term           $ 0
Revolving Credit Facility | Line of Credit | RHM March 2024 Credit Facility            
Debt Instrument [Line Items]            
Line of credit facility, amount entered into $ 750,000,000          
Increase limit on credit facility 187,500,000          
Remaining borrowing capacity $ 937,500,000          
Commitment fee percentage 0.25%          
Revolving Credit Facility | Line of Credit | RHM March 2024 Credit Facility | Federal Reserve Bank of New York Rate            
Debt Instrument [Line Items]            
Variable rate on loan 0.50%          
Revolving Credit Facility | Line of Credit | RHM March 2024 Credit Facility | SOFR            
Debt Instrument [Line Items]            
Variable rate on loan 1.00%          
Revolving Credit Facility | Line of Credit | RHS March 2024 Credit Agreement            
Debt Instrument [Line Items]            
Line of credit facility, amount entered into $ 2,250,000,000          
Increase limit on credit facility 1,125,000,000          
Remaining borrowing capacity $ 3,375,000,000          
Line of credit facility, term 364 days          
Unused capacity, commitment fee percentage 0.50%          
Outstanding borrowings, long-term       $ 0    
Revolving Credit Facility | Line of Credit | RHS March 2024 Credit Agreement | SOFR            
Debt Instrument [Line Items]            
Variable rate on loan 0.10%          
Revolving Credit Facility | Line of Credit | RHS March 2024 Credit Agreement, Tranche A            
Debt Instrument [Line Items]            
Variable rate on loan 1.25%          
Revolving Credit Facility | Line of Credit | RHM March 2024 Credit Facility, Tranche B and C            
Debt Instrument [Line Items]            
Variable rate on loan 2.50%