Robinhood Reports Record Q2 2026 Revenue of $1.31 Billion as Event Contracts Offset Crypto Decline
Key Takeaways
- •Robinhood's total net revenue reached $1.31 billion in the second quarter of 2026, representing a 32% year-over-year increase fueled by strength in event contracts and equities trading.
- •Event contract revenue surpassed $156 million after growing more than tenfold, highlighting the rapid mainstream adoption of CFTC-regulated prediction market products.
- •Cryptocurrency trading revenue fell 38% year over year to $100 million, signaling a meaningful revenue-mix shift away from crypto dependence.
- •Net income rose 48% to $573 million, partly aided by $129 million in gains from the deconsolidation of Robinhood Ventures Fund I.
- •Robinhood expanded internationally by completing its WonderFi acquisition and obtaining a capital markets services license in Singapore, while lowering its full-year adjusted operating expense guidance to a range of $2.675 billion to $2.775 billion.
Robinhood posted record second-quarter 2026 financial results, with total net revenue climbing 32% year over year to $1.31 billion. Growth was driven primarily by event contracts and equities trading, which offset a 38% decline in cryptocurrency revenue, underscoring a notable revenue-mix shift for a company whose results were once heavily tied to crypto market cycles.
The results, covering the quarter ended June 30, 2026, were detailed in Robinhood's earnings report.
Transaction Revenue Surge Led by Event Contracts
Transaction-based revenue rose 44% year over year to $776 million. Event contract revenue surpassed $156 million after increasing more than tenfold, reflecting the rapid mainstreaming of CFTC-regulated prediction markets as a trading product category. Options revenue climbed 29% to $342 million, and equities revenue jumped 95% to $129 million.
Crypto trading revenue, however, declined 38% year over year to $100 million.
Robinhood also reported record trading volumes across multiple products. Equity trading volume reached $956 billion, options contracts traded increased 50% to 774 million, and event contracts traded exceeded 13.6 billion during the quarter.
In June, Robinhood launched Rothera, a CFTC-licensed exchange and clearinghouse, giving the company owned infrastructure for the prediction market products that have become its fastest-growing revenue stream.
Earnings and Customer Growth
Net income reached $573 million, up 48% from the previous year, while diluted earnings per share increased 48% to $0.62. The company noted that net income included $129 million in gains related primarily to the deconsolidation of Robinhood Ventures Fund I.
Adjusted EBITDA rose 35% to $741 million.
Customer metrics also improved. Funded customers reached 28.4 million, investment accounts increased to 29.9 million, and total platform assets grew 32% to $369 billion. Record net deposits totaled $21.7 billion during the quarter.
Business Expansion and Outlook
Robinhood Gold subscribers increased 39% year over year to 4.8 million.
Chief Executive Officer Vlad Tenev said the company continues to expand its product offerings, including Robinhood Chain, Robinhood Ventures, and Trump Accounts. Chief Financial Officer Shiv Verma stated that record revenue was accompanied by new highs in equity, options, and event contract volumes.
The company completed its WonderFi acquisition, a Canadian digital-asset platform operator, surpassing one million international funded customers. Robinhood also received a capital markets services license in Singapore on July 1, advancing its push into Asia.
Robinhood lowered its full-year 2026 adjusted operating expense outlook to a range of $2.675 billion to $2.775 billion, citing captured operational efficiencies.