Robinhood Markets earnings: third quarter 2026

Robinhood Markets, the trading app, had a record quarter for sales, up 12% on a year ago, driven by trading in shares, options and event contracts, which are bets on outcomes such as elections and sports. Profit did not keep up. Costs rose faster than sales, crypto income halved, and paper losses on a venture fund stake pulled reported profit down. The company gave no forecast for sales or profit. It pointed instead to strong customer deposits in October. ¹

Against what analysts expected

The analysts' average forecast, as compiled by Nasdaq's earnings calendar, was $0.56 of earnings per share. Robinhood reported $0.51, but $0.60 on its own adjusted measure, which leaves out items such as the paper losses on its venture fund. Whether the quarter came in above or below what analysts expected depends on that one-off. ¹²

The strong points

• Sales reached a record $1.42 billion, up 12% on a year ago and 9% on the quarter before. ¹
• Income from customers' trading rose 19%, and event contracts grew more than sixfold to $173 million. ¹

The weak points

• On the company's own adjusted measure, earnings per share slipped 3% to $0.60, even though sales grew 12%. ¹
• Crypto revenue fell 55% to $120 million, and interest income also shrank. ¹
• Money set aside for credit card loans that may not be repaid jumped to $71 million from $26 million. ¹

What the company expects

• Robinhood gave no forecast for sales or profit for the fourth quarter or the year, only a range for its adjusted costs. ¹
• The finance chief said customers had already deposited more than $13 billion in October, though about $6 billion of that is a single contribution from the Dell family. ¹

Our verdict on the quarter

A mixed report. Record sales and strong trading growth sit against profit that did not keep up, with costs and crypto weakness weighing, and no forecast for sales or profit to point the way ahead.

The results as published

• The results release itself
• The filing it came with (SEC)

Notes

1. Robinhood Markets's results release, 27 October 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 27 October 2026. ↩