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.
Nonetheless, issues weren’t so rosy for its crypto enterprise, which noticed income fall 55% to about $120 million.
Crypto Weak point Meets Beneficial properties in Occasion Contracts and Choices
Based on 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 improve.
“Prospects are trusting us with extra of their belongings as we ship on our product roadmap, resulting in our highest quarter ever for revenues,” Shiv Verma, the agency’s CFO said.
The third quarter additionally noticed web deposits go to $15.7 billion as whole platform belongings climbed to $396 billion, a 19% leap. This, per the report, was due to greater fairness valuations.
Choices income additionally rocketed, climbing 31% to $399 million, whereas equities gained 41% so as to add $121 million. Nonetheless, crypto was the odd one out, with the $120 million recorded within the interval marking a 55% decline in response to 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 web revenue hit $476 million, though this was nonetheless 14% decrease than the determine from the identical quarter final 12 months, and it consists of $0.07 per share, amounting to $67 million of unrealized losses that had been principally tied to Robinhood Enterprise Fund 1’s mark-to-market.
One other factor the report famous was that prices grew quicker than income, with working bills going up by 16% to $739 million on account of greater credit score loss provisions. Moreover, web curiosity income got here all the way down to $415 million, a slide of about 9% that Robinhood stated was on account of decrease securities lending and short-term rates of interest.
Buyer Numbers Up Amid Abroad Growth
Other than the leap in web revenues, the corporate additionally reported a 7% improve 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 Companies Authority. The agency stated 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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