Robinhood Markets Inc - Class A

Robinhood delivered a decisive beat across the board in Q2 2025, with the retail brokerage posting earnings per share of $0.42, an 18.88% beat against the $0.35 consensus, while revenue of $989.00 million cleared estimates by 8.29% and surged 45% year-over-year. The headline driver was a explosive expansion in transaction-based revenues, which climbed 65% to $539.00 million, fueled in particular by cryptocurrency trading revenue that nearly doubled, rising 98% to $160.00 million as retail enthusiasm for digital assets accelerated. Net income more than doubled year-over-year to $386.00 million, and Adjusted EBITDA jumped 82% to $549.00 million on a 56% margin, reflecting strong operating discipline even as the company absorbed the recently closed Bitstamp acquisition. <a href="https://247wallst.com/investing/2025/07/30/live-earnings-will-robinhood-hood-blow-out-earnings-today/">Heading into the print</a>, expectations were already elevated, but platform assets nearly doubling to $279.00 billion and Gold subscribers reaching a record 3.5 million reinforced the growth story. Looking ahead, Robinhood updated its full-year adjusted operating expense outlook to $2.15 billion to $2.25 billion, incorporating roughly $65.00 million in Bitstamp-related costs, while CFO Jason Warnick noted approximately $6.00 billion in net deposits in July alone.