xiyu|Oct 28, 2026 05:28
Robinhood reported record revenue for the third quarter, but profits missed expectations, causing its stock to fall 4% to 7% in after-hours trading.
Revenue reached $1.42 billion, up 12% year-over-year, in line with expectations.
Net profit was $476 million, down 14% year-over-year. Earnings per share were $0.51, compared to expectations of $0.55 to $0.56.
Cryptocurrency trading revenue was $120 million, down 55% year-over-year, the main reason for the profit decline.
Event contracts (prediction markets) revenue was $173 million, up more than sixfold; options revenue was $399 million, up 31%.
Total platform assets reached $396 billion, with 5.2 million Gold members; net deposits this quarter were $15.7 billion.
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