Robinhood Q2 Market Income Exceeds Crypto and Stock Trading Revenue

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Robinhood’s Q2 market income exceeded crypto and stock trading revenue, with total trading-related income rising 44% year-over-year to $776 million. The platform reported $156 million in event contract revenue, $100 million in crypto trading revenue (down 38% YoY), and $129 million in stock trading revenue. Total crypto trading volume reached $40 billion, including $22 billion from Bitstamp. Increased trading activity across markets drove the strong performance.

According to Huoxing Finance, on August 3, Robinhood’s prediction market revenue surpassed its cryptocurrency and stock trading revenue in the second quarter, driving its total transaction-related revenue up 44% year-over-year to $776 million. The platform reported that event contracts generated $156 million in revenue, while cryptocurrency trading revenue amounted to $100 million, a 38% decline year-over-year. Stock trading revenue reached $129 million. “We achieved record revenue and set new highs in volume for stocks, options, and event contracts, while continuing to gain market share,” said Robinhood CFO Shiv Verma in a statement. Robinhood noted that its cryptocurrency notional trading volume totaled $40 billion, including $22 billion in notional volume from Bitstamp, which Robinhood acquired last year.

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