Robinhood Reports 38% Drop in Crypto Trading Revenue for Q2
Online brokerage Robinhood Markets (NASDAQ: HOOD) reported a significant decline in its cryptocurrency trading revenue, down 38% year-over-year to $100 million during the second quarter of 2026. The drop is attributed to ongoing struggles among major digital assets like Bitcoin, which has fallen nearly half from its October peak of $126,000 to around $64,800 as of now. Despite this decline in crypto revenue, Robinhood's overall financial performance exceeded Wall Street expectations. The company reported earnings per share (EPS) of $0.62 and total revenue of $1.31 billion—both above forecasts. This growth was driven by new product launches such as options trading features and a prediction market tied to the World Cup soccer tournament. HOOD stock rose 2% following the report, though it has fallen 15% over the past year.
Tickers: $HOOD
Topics: cryptocurrency Q2 earnings revenue decline Robinhood