• Robinhood Markets average return on tangible equity for 2023 was -11.9, a 60.96% decline from 2022.
• Robinhood Markets average return on tangible equity for 2022 was -30.48, a 226.26% decline from 2021.
• Robinhood Markets average return on tangible equity for 2021 was 24.14, a 148.28% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.