Robinhood Markets ($HOOD) will be added to the S&P 500 index on Sept. 22 after a surge in profitability and stock performance fueled by strong cryptocurrency trading. The online broker will join alongside AppLovin ($APP) and Emcor Group ($EME).
- Robinhood’s stock has tripled in 2025, trading above $100 per share, following a similar gain in 2024.
- The company turned profitable in 2024, reporting $1.56 per share after losing 61 cents per share in 2023.
- Wall Street projects $1.64 per share in profit for 2025.
- A favorable U.S. regulatory stance toward cryptocurrency under President Trump has supported Robinhood’s growth.
- The SEC closed an investigation earlier this year, declining enforcement action over crypto asset registration concerns.
- Shares rose 13.8% Monday on the S&P 500 announcement; AppLovin gained 11.5%.
- Robinhood was a central player in the 2021 “meme stock” trading surge involving GameStop and AMC Entertainment.
Relevant Companies
- HOOD – Joins the S&P 500 following a surge in profitability and stock price.
- APP – AppLovin will also be added to the index, shares jumped on the news.
- EME – Emcor Group joins the S&P 500 alongside Robinhood and AppLovin.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
