Brokerage revenue and profit - Research by BrokerChooser

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.

BrokerChooser is an independent global retail brokerage comparison service that has so far reviewed 100+ brokerages worldwide and serves more than 200,000 users per month. Our analyst team is constantly on the lookout for emerging trends in the retail brokerage world.

We examined publicly available data on revenue and profit at retail brokers. Read on to learn what we’ve found.

Table of Contents

  1. Total revenue in Q1 2022, by broker
  2. Total revenue in 2021, by broker
  3. Total revenue by year
  4. Revenue per customer in Q1 2022, by broker
  5. Revenue per customer in 2021, by broker
  6. Net profit in Q1 2021, by broker
  7. Net profit in 2021, by broker
  8. Contact us

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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.

 

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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

Brokerage revenue and profit
Contact us

 If you have any questions about the methodology or dataset, feel free to contact us:

Ádám Nasli, Broker Expert: [email protected]

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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