Trading app Robinhood (Nasdaq: HOOD) reported its third-quarter 2026 results on Tuesday, October 27. Total revenue reached a record $1.42 billion, up 12% from a year earlier. But crypto, once one of its biggest earners, brought in less than half of what it did a year ago, and profit fell.
The quarter in numbers
For the three months to September 30, 2026, compared with the same quarter of 2025:
- Total revenue: $1.42 billion, up 12%.
- Net income: $476 million, down 14%.
- Earnings per share (diluted): $0.51, down 16%.
- Options trading revenue: $399 million, up 31%.
- Stock trading revenue: $121 million, up 41%.
- Prediction markets and other trading: $173 million, more than six times a year earlier.
- Interest income: $415 million, down 9%.
Crypto slows down
- Crypto revenue: $120 million, down 55% from a year earlier, though higher than the $100 million of the second quarter.
- Crypto trading volume: $50 billion, down 38%. Trading in the Robinhood app fell 48%, to $21 billion; on Bitstamp, the exchange Robinhood owns, it fell 28%, to $29 billion.
- Robinhood Chain, the company’s own blockchain, launched in July. In its first quarter it handled more than $80 billion of trading on decentralized exchanges and collected more than $50 million in fees.
Crypto now makes up a much smaller share of Robinhood’s business, and bets on sports, elections and other events have grown bigger than crypto trading.
Customers and money on the platform
- Funded customers: 28.7 million, up 7%.
- Assets on the platform: $396 billion, up 19%.
- New money deposited by customers in the quarter: $15.7 billion.
- Robinhood Gold paid subscribers: a record 5.2 million, up 34%.
Why it matters
Robinhood is one of the main ways ordinary investors in the US buy stocks and crypto, so its numbers show how active small traders are. This quarter, they kept trading stocks and options and moved strongly into prediction markets, but traded much less crypto than a year ago. That matches the quieter crypto market of recent months.
This article is for information only and is not financial advice.
