Robinhood Posts Record $1.31 Billion Revenue in Q2 2026 as Product Diversification Pays Off | LeapRate
Robinhood Markets, Inc. (NASDAQ: HOOD) reported record second-quarter 2026 results on Tuesday, with total net revenues climbing 32% year-over-year to $1.31 billion and diluted earnings per share up 48% to $0.62, as the trading platform continued its aggressive push into new business lines.
The Menlo Park-based firm now counts 13 business lines generating $100 million or more in annualized revenue, with Robinhood Legend and its Credit Card business the latest to cross that threshold. Net income rose 48% to $573 million, though the figure included $129 million in gains tied to the deconsolidation of Robinhood Ventures Fund I.
Transaction-based revenues were the standout performer, up 44% to $776 million, fueled by event contracts revenue that surged more than tenfold to $156 million and equities revenue that nearly doubled to $129 million. Options revenue grew 29% to $342 million, while cryptocurrency revenue fell 38% to $100 million.
“The business is firing on all cylinders,” said CFO Shiv Verma, pointing to record volumes across equities, options and event contracts.
Net deposits hit a record $22 billion, and Robinhood Gold subscribers reached 4.8 million, up 39% year-over-year. Total platform assets grew 32% to $369 billion, while funded customers rose 7% to 28.4 million.
The quarter also saw major expansion milestones: Trump Accounts topped 7 million sign-ups following their July 4 launch, the Robinhood Chain public mainnet went live, and the company closed its acquisition of Canadian crypto firm WonderFi, marking its entry into that market.
CEO Vlad Tenev tied the results to the company’s broader mission, stating that “broad ownership is essential to a free, stable, and prosperous society,” citing the Robinhood Chain, Robinhood Ventures, and Trump Accounts as key product pillars.
Robinhood also tightened its full-year 2026 expense outlook to $2.675-$2.775 billion in Adjusted Operating Expenses and SBC, citing efficiency gains partially reinvested into new ventures Rothera and WonderFi.
