Robinhood Markets Inc. (NASDAQ:HOOD) posted its second-quarter results after Wednesday’s closing bell, beating estimates on the top and bottom lines. Here’s a look at the details inside the report.
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Robinhood Q2 Details
Robinhood reported quarterly earnings of 62 cents per share, which beat the analyst consensus estimate of 42 cents by 47.62%, according to Benzinga Pro data.
Quarterly revenue clocked in at $1.31 billion, which beat the Street estimate of $1.28 billion and was up from $989 million in the same period last year.
Robinhood reported the following second quarter highlights:
- Transaction-based revenues increased 44% year-over-year to $776 million, primarily driven by event contracts revenue of $156 million, up over 10x, options revenue of $342 million, up 29%, and equities revenue of $129 million, up 95%, partially offset by cryptocurrencies revenue of $100 million, down 38%.
- Net interest revenues increased 9% year-over-year to $389 million, primarily driven by growth in interest-earning assets, partially offset by lower short-term interest rates and securities lending activity.
- Other revenues increased 54% year-over-year to $143 million, primarily driven by Trump Account service revenues and increased Robinhood Gold subscription revenues.
- Funded Customers increased by 1.9 million, or 7%, year-over-year to 28.4 million.
- Investment Accounts increased by 2.5 million, or 9%, year-over-year to 29.9 million.
- Total Platform Assets increased 32% year-over-year to $369 billion, primarily driven by continued Net Deposits and higher equity valuations, partially offset by lower cryptocurrency valuations.
- Net Deposits were $21.7 billion, an annualized growth rate of 28% relative to Total Platform Assets at the end of the first quarter of 2026. Over the past 12 months, Net Deposits were $75.7 billion, a growth rate of 27% relative to Total Platform Assets at the end of Q2 2025.
- Robinhood Gold Subscribers increased by 1.4 million, or 39%, year-over-year to 4.8 million.
- Average Revenue Per User (ARPU) increased 24% year-over-year to $187.
“Whether it’s the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner,” said CEO Vlad Tenev, adding, “Broad ownership is essential to a free, stable, and prosperous society.”
HOOD Stock Price Activity: According to data from Benzinga Pro, Robinhood stock was up 0.54% to $90.02 in Wednesday’s extended trading.
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