Robinhood delivers record Q2 revenue, but crypto slowdown weighs on shares

Robinhood Markets Inc (NASDAQ:HOOD) reported 2nd 4th 2026 results that exceeded Wall Street expectations, with grounds gross and stronger-than-expected earnings.

However, shares the trading level slipped astir 3% post-earnings arsenic investors focused connected the interaction of the one-time accounting payment and a diminution successful cryptocurrency revenue.

The institution reported diluted net per stock of $0.62, up 48% year-over-year and supra expert estimates of $0.43 to $0.44.

Net gross reached a grounds $1.31 billion, rising 32% from a twelvemonth earlier and somewhat up of expectations of astir $1.28 cardinal to $1.29 billion. Adjusted EBITDA came successful astatine $741 million, supra forecasts of astir $630 million.

Net income accrued 48% year-over-year to $573 million, though results included a $129 cardinal summation chiefly related to the deconsolidation of Robinhood Ventures Fund I. The institution noted that the summation contributed $0.14 per stock to diluted EPS, meaning operating net excluding the payment were astir $0.48 per share.

Transaction-based revenues accrued 44% year-over-year to $776 million, driven by higher enactment crossed respective trading categories. Event contracts gross reached $156 million, much than 10 times higher than the anterior year, portion options gross roseate 29% to $342 cardinal and equities gross accrued 95% to $129 million.

Cryptocurrency gross declined 38% year-over-year to $100 cardinal amid weaker integer plus activity.

Net involvement revenues roseate 9% to $389 million, supported by maturation successful interest-earning assets, portion different revenues accrued 54% to $143 million, helped by Robinhood Gold subscription maturation and work revenues related to Trump Accounts.

Robinhood highlighted continued lawsuit maturation during the quarter, with funded customers rising by 1.9 cardinal year-over-year to 28.4 million. Investment accounts accrued 9% to 29.9 million, portion Robinhood Gold subscribers climbed 39% to 4.8 million. Total level assets roseate 32% year-over-year to $369 billion, supported by nett deposits and higher equity valuations.

"Whether it's the Robinhood Chain, Robinhood Ventures, oregon Trump Accounts, our merchandise velocity is focused connected 1 goal: making everyone an owner," Robinhood president and CEO Vlad Tenev wrote.

"Whether it's the Robinhood Chain, Robinhood Ventures, oregon Trump Accounts, our merchandise velocity is focused connected 1 goal: making everyone an owner," Robinhood president and CEO Vlad Tenev said successful a statement.

Robinhood CFO Shiv Verma wrote that the institution delivered grounds gross and saw caller highs crossed equity, options and lawsuit declaration volumes.