Robinhood reported record revenue of $1.42B for Q3 2026 on Tuesday, October 27, but earnings per share missed analyst estimates and the crypto segment brought in 55% less than a year ago.
The quarter in numbers
Total net revenues rose 12% year over year to $1.424B, according to the SEC filing. Diluted EPS fell 16% to $0.51, while adjusted EPS (non-GAAP) fell 3% to $0.60.
Analysts expected EPS of $0.55 and revenue of roughly $1.43B, per estimates cited by Decrypt. Net income fell 14% to $476M and includes a $67M unrealized loss ($0.07 per share) from the mark-to-market of Robinhood Ventures Fund I.
Segment | Q3 2026 | YoY change |
|---|---|---|
Total net revenues | $1,424M | +12% |
Transaction-based revenues | $867M | +19% |
Event contracts | $173M | over 6x |
Options | $399M | +31% |
Equities | $121M | +41% |
Crypto | $120M | -55% |
Net interest revenues | $415M | -9% |
Crypto: down 55% YoY, up 20% QoQ
Crypto revenue came in at $120M, versus $268M in Q3 2025. Against Q2 2026, when the segment brought in $100M, that is a 20% increase.
Crypto notional trading volume fell 38% year over year to $50B:
- Robinhood app: $21B, down 48% YoY
- Bitstamp: $29B, down 28% YoY
- Total platform assets rose 19% to $396B despite lower crypto valuations
Prediction markets and Robinhood Chain
Event contracts generated $173M, up from $156M in Q2. Contracts traded rose more than 7x year over year to a record 16.4 billion.
Robinhood Chain, in its first quarter on mainnet, became a top-five chain by revenue and volume, with over $80B in DEX volume and over $50M in chain fees, the company said.
Rothera, the new business line, passed $100M in annualized revenue in its first full quarter, with over 6.4 billion contracts traded since launch. Hours before the report, Robinhood also announced a deal with Ripple to bring the RLUSD stablecoin to Robinhood Chain and Bitstamp.
Expansion and costs
- Crypto trading launched in the UK
- DFSA authorization in Dubai covering 10 asset classes including crypto, with rollout planned for 2027
- Robinhood Gold subscribers: 5.2 million, up 34% YoY
- Funded customers: 28.7 million, up 7% YoY
- Net deposits: $15.7B in Q3, $71B over the past 12 months
The company lowered the top end of its 2026 outlook for adjusted operating expenses and SBC to $2.675-2.75B, from $2.675-2.775B. HOOD shares closed Tuesday at $94.61 and slipped in after-hours trading.