Robinhood (HOOD) Q2 2026: 44% EPS Beat Powered by Prediction Markets and Record Deposits
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Robinhood crushed Q2 earnings with a 44% EPS beat as prediction markets exploded 10x year-over-year to $156 million in revenue, while equities trading jumped 95% and options grew 29%, offsetting a 38% crypto slump. Net deposits hit a record $21.7 billion as Trump Accounts alone pulled in nearly $1.5 billion after launching July 4th.
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Robinhood reported Q2 2026 earnings per share of $0.62, well ahead of the $0.43 consensus estimate — a beat of nearly 44%. Revenue came in at $1.308 billion against an estimate of roughly $1.28 billion, a more modest but still solid 2% beat. The quarter's standout driver was prediction markets, which grew tenfold year-over-year to $156 million in revenue, signaling that the nascent product line has quickly become a meaningful contributor to the mix.
Traditional trading also held up strongly despite a 38% drop in crypto revenue. Equities trading jumped 95% and options grew 29%, providing a broad base of support as crypto — historically one of Robinhood's most volatile revenue streams — pulled back sharply. The combination suggests the platform is becoming less dependent on any single asset class to put up a strong quarter.
On the deposit side, net deposits hit a record $21.7 billion for the quarter. Trump Accounts, which launched July 4th, alone attracted nearly $1.5 billion, an early sign of strong retail appetite for the new account type. Looking at the eight-quarter earnings history, Robinhood has now beaten estimates in every period shown, with the lone exception being Q3 2024, when it matched expectations exactly.
Mentioned: HOOD
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