Robinhood Reports Record Q2 Revenue Amid Crypto Slowdown
Robinhood Markets Inc (NASDAQ:HOOD) reported record second-quarter revenue of $1.31 billion for the quarter ending June 30, 2026, surpassing expectations and marking a 32% year-over-year increase. Earnings per share came in at $0.62, up from $0.43 to $0.44 expected by analysts. The company's net income rose 48% to $573 million, partly driven by a one-time gain of $129 million related to the deconsolidation of Robinhood Ventures Fund I. Despite strong overall performance and growth in transaction-based revenues—particularly from event contracts, options trading, and equities—the company experienced a 38% year-over-year decline in cryptocurrency revenue. This drop contributed to investor concerns, causing shares to fall about 3% after the earnings report. Robinhood also noted continued customer growth with funded accounts reaching 28.4 million and total platform assets rising to $369 billion. The company emphasized its product expansion efforts across multiple business lines, including new offerings like Robinhood Legend and a Credit Card service.
Tickers: $HOOD