Robinhood Q2 2026 Earnings: Revenue Reaches $1.3B, 13 Business Lines Exceed $100M in Annualized Revenue

Author | Azuma (@azuma_eth)

On July 30, Beijing time, U.S. online brokerage Robinhood (HOOD) officially released its second-quarter 2026 financial results.

The financial report showed that Robinhood generated net revenue of $1.308 billion in the second quarter, a 32% year-over-year increase and a record high; net income attributable to Robinhood’s common shareholders reached $561 million, up 45% year-over-year; and diluted earnings per share (EPS) amounted to $0.62, exceeding the previous market expectation of $0.42.

Robinhood's growth this quarter was driven by the combined strength of its trading business, user assets, and subscription services, specifically:

• Trading revenue reached $776 million, a 44% year-over-year increase, with event contract revenue reaching $156 million, more than tenfold growth year-over-year; options revenue reached $342 million, up 29% year-over-year; and stock revenue reached $129 million, up 95% year-over-year.
• Net interest income reached $389 million, a 9% year-over-year increase; additionally, other income reached $143 million, a 54% year-over-year increase, reflecting Robinhood’s expansion of revenue streams through new services such as Trump accounts and Gold subscriptions, gradually reducing its reliance on a single trading business.
• User base and deposited funds continue to grow, with the number of funded users reaching 28.4 million, a 7% year-over-year increase; Robinhood Gold subscribers reached 4.8 million, a 39% year-over-year increase and a new record; total platform assets reached $369 billion, a 32% year-over-year increase; and net deposits for the quarter reached $21.7 billion, a 28% year-over-year increase.

Compared to its past growth model, which relied on commission-free trading and young retail investors, Robinhood is now transitioning from a retail trading platform to a comprehensive financial ecosystem encompassing trading, wealth management, digital assets, and on-chain finance.

Robinhood’s standout performance this quarter came from a surge in trading activity. Data shows that trading revenue for the second quarter reached $776 million, a 44% year-over-year increase, driving overall revenue growth.

Specifically, the revenue data and growth trends for each type of trading service are as follows:

• Stock trading revenue reached $129 million, a 95% year-over-year increase;
• Options trading revenue reached $342 million, a 29% year-over-year increase;
• Event contracts (i.e., prediction markets) generated $156 million in revenue, more than a 10-fold year-over-year increase;
• Cryptocurrency trading revenue amounted to approximately $100 million, a 38% year-over-year decline, making it the only type of mainstream trading service to decrease...

Benefiting from the favorable market environment in the U.S. stock market during the second quarter, Robinhood’s overall trading activity reached a new high, with the notional value of stock trades amounting to $956 billion, an 85% year-over-year increase; options contract volume reached 774 million, up 50% year-over-year.

The most noteworthy point in the earnings report is that prediction markets have become Robinhood’s key strategic focus and the biggest driver of growth this quarter—details can be found in “The First Stock in Prediction Markets Has Emerged!”

This year, the popularity of prediction markets has continued to rise, surging significantly during the World Cup cycle, while Robinhood has also accelerated its efforts in this space. In the second quarter, Robinhood launched Rothera, a prediction market exchange and clearinghouse jointly established by Robinhood and Susquehanna International Group, and licensed by the CFTC.

During the World Cup period, Robinhood redirected a portion of orders originally intended for Kalshi to Rothera for execution. Artemis data indicates that this move helped Rothera capture nearly 15% of the market share for World Cup-related event contracts.

Compared to traditional stock trading, prediction markets are more event-driven and better align with younger users’ demand for real-time information and interactive trading. For Robinhood, this not only represents a new revenue stream but also signifies the company’s effort to expand the scenarios in which users can trade.

If trading services are the primary driver of Robinhood’s current performance growth, then deeper financial services centered around user assets are key to capturing long-term value.

In the past, Robinhood relied more on trading fees and user activity for growth, but as the platform has expanded, the company is now seeking to increase user asset retention by diversifying its revenue streams through subscriptions, wealth management, credit cards, and other services.

• As of the end of the second quarter, Robinhood had 28.4 million funded accounts, a 7% year-over-year increase; total platform assets reached $369 billion, a 32% year-over-year increase; and net deposits for the quarter amounted to $21.7 billion, with net deposits over the past 12 months totaling $75.7 billion.
• Meanwhile, Robinhood Gold (the paid subscription service) continued its strong growth, reaching 4.8 million Gold subscribers in the second quarter, a 39% year-over-year increase and a new all-time high.
• In addition, new products targeting high-value users are gaining momentum. The Robinhood Credit Card business has generated annualized revenue exceeding $100 million, with over 1 million Gold Card users; Robinhood Strategies has attracted more than 300,000 users and manages assets nearing $2 billion.

In its earnings presentation, Robinhood revealed that 13 business lines now generate annualized revenues exceeding $100 million, including stock trading, options trading, crypto trading, Gold subscription, prediction markets, and credit cards.

This means Robinhood is gradually transitioning from a platform reliant on trading cycles to a comprehensive ecosystem encompassing trading, asset management, payments, and financial services.

In addition to traditional trading and wealth management services, Robinhood is also expanding into AI and blockchain, aiming to position itself ahead of the next generation of financial infrastructure.

In May of this year, Robinhood announced the launch of its Agentic Trading feature, enabling users to trade stocks, options, and crypto assets through AI agents. By the end of the second quarter, nearly 100,000 users had activated Agentic Trading accounts, with associated assets exceeding $100 million.

Unlike simply providing trading tools, Robinhood aims to embed AI capabilities directly into the investment process, enhancing user engagement through automated analysis and trading assistance. Currently, Agentic Trading is still in its early stages, but its rapid growth indicates that AI is becoming a key direction for Robinhood to expand its product boundaries.

Meanwhile, Robinhood is also accelerating its blockchain initiatives. In the second quarter, Robinhood launched Robinhood Chain’s public mainnet, positioning it as an Ethereum Layer 2 network designed for real-world assets (RWA). Fueled by recent Meme market activity, Robinhood Chain has now become one of the most active underlying ecosystems in the Web3 market.

Overall, the most significant change in Robinhood’s Q2 earnings report is not just that revenue and profits continued to hit new highs, but that the company’s growth narrative is shifting.

In the past, Robinhood attracted young investors with low-barrier trading and grew rapidly through stocks, options, and crypto trading; today, the company is expanding the boundaries of user demand through services like Gold subscriptions, credit cards, prediction markets, AI-driven trading, and blockchain—long-term, Robinhood is striving to evolve from a simple “trading platform” into a “super financial app” encompassing investing, wealth management, digital assets, and more financial service scenarios.

The core of this goal is not just to add more products, but to build a more comprehensive financial ecosystem around the user lifecycle: users can conduct trading, manage assets, handle cash flow, and even participate in future on-chain finance—all on the same platform.

Of course, this path remains challenging. On one hand, the new business is still in its early stages, and it will take time to verify whether it can consistently generate scalable revenue; on the other hand, regulatory developments in prediction markets, crypto assets, and on-chain finance may also impact Robinhood’s future expansion pace.

But at least based on the Q2 earnings report, Robinhood is no longer content to remain just an internet brokerage serving retail traders—it is moving toward becoming the next-generation financial gateway.