Q2 26 EPS
$0.62
BEAT +44.96%
Est. $0.43
Q2 26 Revenue
$1.31B
BEAT +2.07%
Est. $1.28B
vs S&P Since Q2 26
-0.3%
TRAILING MARKET
HOOD +4.6% vs S&P +4.9%
Market Reaction
Did HOOD Beat Earnings? Q2 2026 Results
Robinhood Markets delivered a standout second quarter for 2026, posting earnings per share of $0.62 against a consensus estimate of $0.43, a beat of 43.72%, while revenue of $1.31 billion edged past the $1.28 billion consensus by 2.07% and climbed 32… Read more Robinhood Markets delivered a standout second quarter for 2026, posting earnings per share of $0.62 against a consensus estimate of $0.43, a beat of 43.72%, while revenue of $1.31 billion edged past the $1.28 billion consensus by 2.07% and climbed 32% year-over-year. The engine behind the quarter was a broad acceleration in transaction-based revenues, which jumped 44% to $776 million, fueled by explosive growth in event contracts, up more than tenfold to $156 million, and a 95% surge in equities revenue to $129 million, even as cryptocurrency revenue retreated 38% to $100 million. Net income rose 48% year-over-year to $573 million, though roughly $129 million of that reflected gains tied to the deconsolidation of Robinhood Ventures Fund I. Total platform assets reached $369 billion, up 32%, and net deposits hit $21.70 billion for the quarter. Looking ahead, management tightened its full-year adjusted operating expense and SBC outlook to $2.68 billion to $2.78 billion, a modest reduction from prior guidance, signaling confidence in cost discipline even as the company invests in new ventures like its prediction markets exchange and AI-powered trading agents.
Key Takeaways
- • Event contracts revenue up over 10x YoY to $156 million with 13.6 billion contracts traded
- • Options revenue up 29% YoY to $342 million with record 774 million contracts traded
- • Equities revenue up 95% YoY to $129 million with record $956 billion in notional volumes
- • Net deposits reached a record $21.7 billion representing 28% annualized growth
- • Gold subscribers grew 39% YoY to a record 4.8 million with 17% adoption rate
- • Margin book grew 127% YoY to a record $21.6 billion driving net interest revenue
- • ARPU increased 24% YoY to $187
- • Robinhood Legend surpassed $100 million in annualized revenues
HOOD Forward Guidance & Outlook
Robinhood lowered and tightened its 2026 full-year Adjusted Operating Expenses and SBC outlook to $2.675–$2.775 billion, down from the prior range of $2.7–$2.825 billion, reflecting efficiency gains partially offset by costs from Rothera and WonderFi. The expense outlook excludes provision for credit losses, pending acquisition costs, equity modification costs from restructuring and the CFO transition, potential significant regulatory matters, and other significant expenses. The company's 2026 expense plan is designed to accelerate product velocity, drive net deposit growth, and grow revenues.
HOOD YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
HOOD Revenue by Segment
With YoY comparisons, source: SEC Filings
“Whether it's the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner.”
— Vlad Tenev, Q2 2026 Earnings Press Release
HOOD Earnings Trends
HOOD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HOOD EPS Trend
Earnings per share: estimate vs actual
HOOD Revenue Trend
Quarterly revenue: estimate vs actual
HOOD Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.43 | $0.62 | +44.96% | $1.31B | +2.07% |
| Q1 26 MISS | $0.39 | $0.38 | -1.99% | $1.07B | -6.07% |
| Q4 25 BEAT FY | $0.64 | $0.66 | +3.79% | $1.28B | -4.36% |
| FY Full Year | $2.04 | $2.05 | +0.53% | $4.47B | -1.23% |
| Q3 25 BEAT | $0.54 | $0.61 | +12.07% | $1.27B | +4.84% |
| Q2 25 BEAT | $0.35 | $0.42 | +18.88% | $989.0M | +8.29% |
| Q1 25 BEAT | $0.37 | $0.37 | +0.19% | $927.0M | +1.07% |