Key Takeaways
- • Robinhood reported third-quarter revenue of $1.42 billion, in line with the $1.42 billion expected by analysts surveyed by LSEG, and up 12% year over year.
- • Adjusted earnings per share came in at 51 cents, though it was unclear whether the company's figure was directly comparable with LSEG estimates.
- • Transaction-based revenue rose 19% to $867 million, driven by a more than 500% increase in event contracts revenue, options revenue up 31% to $399 million, and equities revenue up 41% to $121 million.
- • Cryptocurrency revenue fell 55% to $120 million, offsetting part of the gains from newer businesses.
- • Net deposits totaled $15.7 billion in the quarter, a 17% annualized growth rate, and $71 billion over the past year, representing 21% growth.
- • Shares fell 3% in after-hours trading because transaction revenue remained below Wall Street estimates from StreetAccount.
Summary
Robinhood reported third-quarter revenue for the quarter ended September 30 that met analyst expectations, reaching $1.42 billion and representing a 12% increase from the same quarter a year earlier, according to CNBC citing an LSEG survey of analysts. Earnings per share were 51 cents. It was not immediately clear whether Robinhood's earnings estimates were comparable with the LSEG figures.
The company's expansion into options, prediction markets and other financial services supported top-line growth. Transaction-based revenue grew 19% from the prior-year period to $867 million, driven primarily by a more than 500% increase in event contracts revenue. Options revenue rose 31% to $399 million and equities revenue increased 41% to $121 million. These gains were partially offset by a 55% decline in cryptocurrency revenue, which fell to $120 million. Chief Financial Officer Shiv Verma told CNBC that event contracts tied to crypto movements performed well during the quarter, giving investors another way to express a view on crypto despite lower prices and weaker spot trading.
Despite the in-line top line, shares fell 3% in after-hours trading, as total transaction revenue was still short of Wall Street estimates from StreetAccount. Investors are focused on whether growth in newer businesses can offset volatility in crypto trading and translate into sustainable earnings. Robinhood has continued to invest in wealth management, subscriptions and other offerings as it seeks to broaden its brokerage app into a wider financial services platform.
Net deposits reached $15.7 billion in the quarter, equal to a 17% annualized growth rate based on total platform assets at the end of the second quarter of 2026. Over the trailing twelve months, net deposits totaled $71 billion, or 21% growth compared with platform assets at the end of the third quarter of 2025.
The company's expansion into options, prediction markets and other financial services supported top-line growth. Transaction-based revenue grew 19% from the prior-year period to $867 million, driven primarily by a more than 500% increase in event contracts revenue. Options revenue rose 31% to $399 million and equities revenue increased 41% to $121 million. These gains were partially offset by a 55% decline in cryptocurrency revenue, which fell to $120 million. Chief Financial Officer Shiv Verma told CNBC that event contracts tied to crypto movements performed well during the quarter, giving investors another way to express a view on crypto despite lower prices and weaker spot trading.
Despite the in-line top line, shares fell 3% in after-hours trading, as total transaction revenue was still short of Wall Street estimates from StreetAccount. Investors are focused on whether growth in newer businesses can offset volatility in crypto trading and translate into sustainable earnings. Robinhood has continued to invest in wealth management, subscriptions and other offerings as it seeks to broaden its brokerage app into a wider financial services platform.
Net deposits reached $15.7 billion in the quarter, equal to a 17% annualized growth rate based on total platform assets at the end of the second quarter of 2026. Over the trailing twelve months, net deposits totaled $71 billion, or 21% growth compared with platform assets at the end of the third quarter of 2025.
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