Fidelity Investments vs Robinhood
Business model, scale, and a side-by-side Litmus framework score — which model wins, and for whom.
Robinhood owns app-native UX and the under-30 brand; Fidelity dwarfs it on assets, full-service breadth, and the employer 401(k) channel Robinhood lacks.
At a glance
| Metric | Fidelity Investments | Robinhood |
|---|---|---|
| Revenue | $37.7B (FY2025) | $4.5B (FY2025); $1.07B in Q1 2026 |
| Profit | $12.7B operating income (FY2025) | $1.9B net income (FY2025); $346M in Q1'26 |
| Active users | 57M customers | 27.4M funded customers |
| Employees | 80,000+ | ~3,800+ |
| Founded | 1946 | 2013 |
| HQ | Boston, Massachusetts | Menlo Park, USA |
LLitmus Framework Score
Overall: Fidelity Investments 91 · Robinhood 82
Customer Segment
97
88
Value Proposition
94
85
Marketing Channel
86
82
Engagement
88
80
Income Source
95
86
Asset Validation
96
83
Core Operations
88
78
Strategic Alliance
83
75
Expense Validation
90
84
Fidelity Investments leads 9 modules, Robinhood leads 0. Overall edge: Fidelity Investments.
Head to head
| Dimension | Fidelity Investments | Robinhood |
|---|---|---|
| Assets | $18T administered | ~$200B platform assets |
| Customers | 57M customers | 27.4M funded customers |
| Commissions | $0 (no PFOF reliance) | $0 (PFOF-funded) |
| Employer 401(k) channel | ~26,000 plans, 24.8M participants | None |
| Physical branches | 200+ investor centers | App-only |
FAQ
Is Fidelity Investments or Robinhood a better business?
Robinhood owns app-native UX and the under-30 brand; Fidelity dwarfs it on assets, full-service breadth, and the employer 401(k) channel Robinhood lacks. It depends on what you optimise for — see the module-by-module breakdown above.
What is the difference between Fidelity Investments and Robinhood's business model?
Fidelity Investments operates in Fintech (Every investor deserves to be treated like a pro), while Robinhood is Fintech (Investing for Everyone). Their revenue, scale and Litmus scores are compared in detail above.
Which is more profitable, Fidelity Investments or Robinhood?
Fidelity Investments: $12.7B operating income (FY2025). Robinhood: $1.9B net income (FY2025); $346M in Q1'26.