Robinhood’s Q3 2026 outcomes are in, and the buying and selling platform posted $1.42 billion in income, up 12% from a 12 months in the past.
Nevertheless, issues weren’t so rosy for its crypto enterprise, which noticed income fall 55% to about $120 million.
Crypto Weak spot Meets Positive factors in Occasion Contracts and Choices
In keeping with Robinhood’s report, its transaction-based income went up 19% to $867 million, with occasion contracts, which commerce between 1 cent and $1 and pay $1 at settlement, bringing in $173 million, marking a sixfold enhance.
“Clients are trusting us with extra of their property as we ship on our product roadmap, resulting in our highest quarter ever for revenues,” Shiv Verma, the agency’s CFO acknowledged.
The third quarter additionally noticed internet deposits go to $15.7 billion as complete platform property climbed to $396 billion, a 19% leap. This, per the report, was due to larger fairness valuations.
Choices income additionally rocketed, climbing 31% to $399 million, whereas equities gained 41% so as to add $121 million. Nevertheless, crypto was the odd one out, with the $120 million recorded within the interval marking a 55% decline in line with the agency. Quantity on Robinhood’s primary app dropped 48% year-over-year to $21 billion, whereas Bitstamp quantity fell 28% to $29 billion.
In the meantime, the platform’s internet earnings hit $476 million, though this was nonetheless 14% decrease than the determine from the identical quarter final 12 months, and it contains $0.07 per share, amounting to $67 million of unrealized losses that have been principally tied to Robinhood Enterprise Fund 1’s mark-to-market.
One other factor the report famous was that prices grew sooner than income, with working bills going up by 16% to $739 million attributable to larger credit score loss provisions. Moreover, internet curiosity income got here all the way down to $415 million, a slide of about 9% that Robinhood mentioned was attributable to decrease securities lending and short-term rates of interest.
Buyer Numbers Up Amid Abroad Enlargement
Aside from the leap in internet revenues, the corporate additionally reported a 7% enhance in funded prospects, which pushed them to twenty-eight.7 million. Overseas, it launched crypto buying and selling within the UK and acquired authorization from the Dubai Monetary Providers Authority. The agency mentioned it’s planning a rollout in that area in 2027.
Its Robinhood Chain, launched in June, turned a top-5 chain by income and quantity in its first quarter after it generated greater than $80 billion in DEX quantity and greater than $50 million in income.
On prices, administration says it trimmed the highest of its 2026 adjusted working bills and stock-based compensation outlook by $25 million, taking it to a variety of $2.675 billion to $2.75 billion.
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