Robinhood Markets Shares Drop 13.24% After Missing Q1 2026 Earnings Estimates
Robinhood Markets (HOOD) fell 13.24% to $71.20 after missing revenue and EPS estimates in its Q1 2026 earnings report. The stock's decline was driven by weaker-than-expected growth in trading revenue and a significant drop in crypto trading revenue, which fell 47% year-over-year. The broader market saw mixed performance, with the S&P 500 flat and the Nasdaq Composite slightly up.
Tickers: $HOOD $IBKR $SCHW $SCHW PRD
Topics: crypto trading earnings report market reaction revenue stock performance