Robinhood Q3 Revenue Hits Record $1.42bn
Robinhood reported record third-quarter revenue of $1.42bn, up 12% year on year, as a more than sixfold rise in event contracts income offset a 55% fall in crypto. The results came yesterday, with the company’s call after the US close.
Profit fell. Net income dropped 14% to $476m and diluted earnings per share (EPS) fell 16% to $0.51, including $67m ($0.07 a share) of unrealised losses, mainly mark-to-market on Robinhood Ventures Fund I. Adjusted EPS, which strips out certain items, fell 3% to $0.60.
Crypto revenue was $120m. Crypto notional volume, the total value traded, fell 38% to $50bn: $21bn on the Robinhood app (down 48%) and $29bn on Bitstamp (down 28%).
Event contracts, which pay out on the result of a real-world event, brought in $173m, more than six times the level of a year earlier, on a record 16.4bn contracts traded. Options revenue rose 31% to $399m and equities revenue rose 41% to $121m.
Transaction-based revenues rose 19% to $867m. Net interest revenues, interest earned on customer balances and lending less interest paid, fell 9% to $415m on lower securities lending and short-term rates, partly offset by growth in interest-earning assets.
| Revenue line | Q3 2026 | Change year on year |
|---|---|---|
| Transaction-based revenues | $867m | +19% |
| Net interest revenues | $415m | -9% |
| Other revenues | $142m | +61% |
| Total net revenues | $1,424m | +12% |
Other revenues rose on Trump Account service revenues and Gold, Robinhood’s paid subscription tier, which reached a record 5.2m subscribers, up 34%. Shiv Verma, Chief Financial Officer, said:
Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues,
Shiv Verma, Chief Financial Officer, Robinhood
Total Platform Assets, the value of customer assets held on Robinhood, rose 19% to $396bn. Net deposits, the cash and assets customers added less withdrawals, were $15.7bn in the quarter and above $13bn so far in October, including $6bn from the Dell family’s Trump Accounts contribution.
Rothera passed $100m of annualised revenue in its first full quarter, and Robinhood launched crypto trading in the UK during the quarter.
