Robinhood to join S&P 500 on Sept 22 with AppLovin and Emcor

Robinhood Markets will be added to the S&P 500 on Sept. 22, the index operator said, a milestone that reflects the retail brokerage’s turnaround from early public struggles to sustained profitability driven in part by surging interest in cryptocurrency. AppLovin and Emcor Group are also scheduled to join the benchmark on the same date.

The announcement sent Robinhood shares sharply higher in market trading. Various market reports put the intraday gain between roughly 14 percent and 16 percent, while AppLovin shares jumped about 11 percent. Analysts said the move into the S&P 500 typically forces index funds to buy the stock, increasing demand and liquidity for newly added constituents.

Robinhood’s inclusion caps a dramatic recovery since its 2021 initial public offering, when the stock closed below its IPO price and remained volatile for years. The company reported a profit of $1.56 per share in 2024 after a loss of 61 cents per share in 2023, and Wall Street estimates project 2025 earnings of about $1.64 per share. The stock has more than tripled so far in 2025 to trade above $100 a share, following significant gains in 2024.

The company has pointed to rising customer engagement...