Robinhood earnings fell in the third quarter of 2026 even as revenue rose, and its shares dropped 5% in after-hours trading. Transaction-based revenue missed analyst estimates as growth in options and event contracts was partially offset by a decline in cryptocurrency revenue.

Key Takeaways

  • Net income fell to $468 million from $556 million a year earlier.
  • Revenue rose 12% to $1.42 billion, matching the LSEG analyst estimate.
  • Transaction-based revenue of $867 million fell short of StreetAccount’s $879 million estimate.

Robinhood earnings and revenue

For the quarter ended September 30, Robinhood reported earnings of 51 cents per share, down from 61 cents a year earlier. It was not immediately clear whether the result was comparable with LSEG’s earnings estimates.

Total revenue increased from $1.27 billion in the same quarter of 2025. Transaction-based revenue rose 19% year over year, driven primarily by a more than 500% increase in event-contract revenue.

ItemDetails
Options revenue$399 million; up 31% year over year
Equities revenue$121 million; up 41% year over year
Cryptocurrency revenue$120 million; down 55% year over year

Trading revenue and customer deposits

Options and equities revenue grew, while cryptocurrency revenue fell 55%. Chief Financial Officer Shiv Verma said event contracts tied to crypto movements performed well during the quarter, giving investors another way to express views on crypto despite a slump in prices and spot trading.

Net deposits totaled $15.7 billion during the quarter, equivalent to a 17% annualized growth rate based on platform assets at the end of the second quarter. Over the past year, net deposits were $71 billion, representing 21% growth compared with platform assets at the end of the third quarter of 2025.

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