Key Takeaways
- • Robinhood reported Q3 2026 net income of $468 million, or 51 cents per share, down from $556 million, or 61 cents per share, a year earlier, according to the company's quarterly report as covered by CNBC.
- • Revenue rose 12% year over year to $1.42 billion, in line with the $1.42 billion expected by analysts surveyed by LSEG.
- • Transaction-based revenue of $867 million missed the $879 million StreetAccount consensus, despite 19% year-over-year growth.
- • Crypto revenue fell 55% to $120 million, offsetting strong gains in event contracts (up more than 500%), options (up 31% to $399 million) and equities (up 41% to $121 million).
- • Net deposits totaled $15.7 billion in the quarter, a 17% annualized growth rate, and $71 billion over the past year, a 21% increase.
Summary
Robinhood shares fell about 5% in after-hours trading after the brokerage reported a mixed third-quarter result for the period ended September 30, 2026. Investors focused on transaction-based revenue, which came in below Wall Street expectations even as the company diversified its trading businesses. The company's per-share earnings of 51 cents were in line with the LSEG survey estimates, though CNBC noted it was not immediately clear whether the reported figures were directly comparable with those estimates.
Total revenue of $1.42 billion matched analyst expectations and represented a 12% increase from $1.27 billion in the same quarter a year earlier. Net income, however, declined to $468 million from $556 million. Transaction-based revenue grew 19% year over year to $867 million, but still fell short of the $879 million StreetAccount consensus. Growth was driven primarily by a more than 500% increase in event contracts revenue, alongside options revenue of $399 million, up 31%, and equities revenue of $121 million, up 41%.
Cryptocurrency revenue was the main drag, falling 55% to $120 million as prices and spot trading slumped. Chief Financial Officer Shiv Verma told CNBC that event contracts tied to crypto movements performed well, giving investors another way to express a view on the asset class despite weaker spot activity.
The results highlight Robinhood's ongoing effort to broaden its brokerage app into a wider financial services platform, with continued investment in wealth management, subscriptions and other offerings. Net deposits of $15.7 billion in the quarter and $71 billion over the trailing year point to continued asset gathering, while the market's reaction underscores investor concern about reliance on volatile trading activity.
Total revenue of $1.42 billion matched analyst expectations and represented a 12% increase from $1.27 billion in the same quarter a year earlier. Net income, however, declined to $468 million from $556 million. Transaction-based revenue grew 19% year over year to $867 million, but still fell short of the $879 million StreetAccount consensus. Growth was driven primarily by a more than 500% increase in event contracts revenue, alongside options revenue of $399 million, up 31%, and equities revenue of $121 million, up 41%.
Cryptocurrency revenue was the main drag, falling 55% to $120 million as prices and spot trading slumped. Chief Financial Officer Shiv Verma told CNBC that event contracts tied to crypto movements performed well, giving investors another way to express a view on the asset class despite weaker spot activity.
The results highlight Robinhood's ongoing effort to broaden its brokerage app into a wider financial services platform, with continued investment in wealth management, subscriptions and other offerings. Net deposits of $15.7 billion in the quarter and $71 billion over the trailing year point to continued asset gathering, while the market's reaction underscores investor concern about reliance on volatile trading activity.
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