Robinhood reported $1.31 billion in revenue for the second quarter of 2026, marking a 32% increase year over year and beating analyst expectations of $1.26 billion. This growth was driven by strong trading activity in equities, options, and prediction markets, offsetting a sharp decline in crypto-related income.
Trading Gains Offset Crypto Decline
While Robinhood’s cryptocurrency revenue dropped 38% to $100 million from $160 million in Q2 2025, the company saw remarkable growth elsewhere. Transaction-based revenue rose 44% to $776 million. Options trading generated $342 million, up 29%, and equities trading surged 95%, bringing in $129 million. Prediction markets emerged as a standout segment, producing $156 million more than ten times last year’s total thanks to event contracts that allow users to bet on outcomes like Federal Reserve announcements and sports events.
Assets and User Base Reach New Heights
Assets under custody grew from $307 billion a year ago to $369 billion, supported by an all-time quarterly net deposit of $21.7 billion. Robinhood Gold, the platform’s premium subscription service, expanded to 4.8 million customers from 4.3 million last year. The platform’s CEO Vlad Tenev highlighted these milestones in a public note, emphasizing record trading volumes across multiple asset classes despite the cooling crypto market. Robinhood’s efforts to diversify its offerings include launching Robinhood Chain and integrating AI-driven trading tools, signaling a strategic push into digital assets beyond traditional cryptocurrencies.
This quarter’s results underline Robinhood’s ability to pivot and grow even as crypto trading volumes declined, with the platform capturing $18 billion in crypto transactions and Bitstamp adding $22 billion. The shift towards prediction markets and blockchain-based products may reshape its revenue streams in coming quarters.
This article is for informational purposes only and does not constitute financial advice.
