Robinhood posts record revenue as crypto income falls

Robinhood Markets Inc (NASDAQ:HOOD) generated record third-quarter revenue of $1.42 billion, up 12% year-on-year, for the period ended 30 September 2026.

Transaction-based revenue climbed 19% to $867 million, supported by growth in options, equities and event contracts.

“Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues,” according to Chief Financial Officer Shiv Verma.

Cryptocurrency revenue fell 55% to $120 million, reflecting weaker trading activity across Robinhood’s crypto business.

Net income declined 14% to $476 million, while diluted earnings per share dropped 16% to $0.51.

Total platform assets increased 19% year-on-year to $396 billion, supported by customer deposits and higher equity valuations.

Robinhood held $5.8 billion in cash and cash equivalents at quarter-end, compared with $4.3 billion a year earlier.

The results show Robinhood’s broader business growth offsetting weaker cryptocurrency revenue, while the company continues expanding its financial products and services.