Companies /Financial Services

Robinhood Markets Inc - Class A

NASDAQ: HOOD Capital Markets
$122.11
▼ $2.61 (−2.09%) today
Markets closed · 4:41pm ET

Q2 2026 Earnings

Reported Jul 29, 2026, 4:05pm ET · SEC source
$0.62
Beat +43.72%
EPS · est. $0.43
$1.3B
Beat +2.07%
Revenue · est. $1.3B
+17.6%
Beating market
HOOD vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Jul 29Jul 30report 4:05pm ETearnings+2.2%−2.0%
−3%0+3%Jul 29Jul 30earnings+2.2%−2.0%
HOOD −2.0%S&P 500 +2.2%
−3%0+3%Jul 29Jul 30report 4:05pm ETearnings+4.3%−2.0%
−3%0+3%Jul 29Jul 30earnings+4.3%−2.0%
HOOD −2.0%NASDAQ +4.3%
0+4%+8%Jul 28Aug 6report 4:05pm ETearnings+5.5%+4.6%
0+4%+8%Jul 28Aug 6earnings+5.5%+4.6%
HOOD +4.6%S&P 500 +5.5%
0+4%+8%Jul 28Aug 6report 4:05pm ETearnings+8.4%+4.6%
0+4%+8%Jul 28Aug 6earnings+8.4%+4.6%
HOOD +4.6%NASDAQ +8.4%
−3.61%
Day of report
−0.05%
Next session
+4.75%
One week
+21.03%
30 days

S&P 500 over the same 30 days: +3.42%.

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% 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

“Whether it's the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner.”

Robinhood CEO, on the earnings call

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

Revenue$1.3B
Net Income$573.0M

HOOD Revenue by Segment

Transaction-Based Revenues$776.0M+44.0%
Net Interest Revenues$389.0M+9.0%
Options Trading$342.0M+29.0%
Cryptocurrency Trading$100.0M−38.0%
Other Transaction Revenue (incl. Prediction Markets)$156.0M
Other Revenues$143.0M+54.0%
Equities Trading$129.0M+95.0%
Robinhood Gold Subscriptions

Figures from SEC filings and company reports. Not investment advice.