Robinhood delivered its strongest quarter to date, reporting record second-quarter revenue of $1.31 billion, a 32% increase year-over-year. Net income rose 48% to $573 million, with earnings per share reaching $0.62. Beyond the headline figures, the results highlighted a notable shift in the company's business mix, as event contracts and prediction markets emerged as major growth drivers. The results come as retail trading platforms more broadly have seen renewed engagement, and Robinhood's diversification push positions it against competitors like Coinbase in crypto, traditional brokerages in equities, and emerging prediction market platforms such as Polymarket and Kalshi.

Transaction Revenue Driven by Event Contracts and Options

Transaction-based revenue climbed 44% to $776 million. The standout performer was event contract revenue, which surged more than tenfold to $156 million compared to the same period last year. Event contracts allow users to trade on the outcomes of real-world events, a product category that has grown rapidly as CFTC-regulated prediction markets have gained mainstream traction. Options revenue grew 29% to $342 million, and equities revenue nearly doubled, rising 95% to $129 million.

Crypto revenue, by contrast, declined 38% to $100 million, signaling that digital asset trading has lost its position as the company's fastest-growing segment.

CEO Vlad Tenev noted that Robinhood achieved record trading volumes across equities, options, and prediction markets. CFO Shiv Verma emphasized the company's ongoing diversification, stating that 13 business lines are now generating over $100 million in annualized revenue.

Robinhood Markets has just released financial results for the second quarter of 2026. pic.twitter.com/q5Q9ovVf8C — Robinhood (@RobinhoodApp) July 29, 2026

Crypto Trading Volume Declines Amid Blockchain Expansion

Despite the drop in crypto revenue, Robinhood continues to advance its blockchain initiatives. Crypto trading volume fell from $66 billion in the first quarter to $40 billion in the second, comprising $18 billion on the Robinhood app and $22 billion through Bitstamp.

The company is actively developing its Ethereum Layer-2 network, Robinhood Chain, which now supports tokenized stocks, ETFs, decentralized lending via Robinhood Earn, and stock tokens available in more than 120 countries. According to Robinhood, the chain has processed billions in trading volume since its launch. The tokenization of real-world assets has become a significant focus across traditional finance, with major institutions including BlackRock and Franklin Templeton launching tokenized funds on public blockchains, placing Robinhood's efforts alongside a broader industry shift toward on-chain financial infrastructure.

Customer Growth and Ecosystem Expansion

Platform assets grew 32% to $369 billion, and net deposits reached a record $21.7 billion for the quarter. Robinhood Gold subscribers hit a new high of 4.8 million, while funded customers increased to 28.4 million.

Several newer products also showed strong momentum. The Gold Card now serves over 1 million customers with $17 billion in annualized purchase volume. Trump Accounts have drawn more than 7 million sign-ups and nearly $1.5 billion in deposits, and Robinhood Banking has surpassed $3 billion in deposits.

New Products and International Expansion

Robinhood introduced Rothera, its CFTC-regulated prediction markets exchange, which has already processed over 3.5 billion contracts. The company also launched Agentic Trading, enabling AI-powered trading across equities and options, with crypto support planned.

Looking ahead, Robinhood expects operating expenses to come in below prior forecasts. The company plans to continue international expansion through acquisitions such as WonderFi and is pursuing new regulatory approvals in Singapore.

The latest results underscore that Robinhood is broadening its revenue base beyond crypto trading, with prediction markets, tokenized assets, AI-driven products, and blockchain infrastructure positioned as key growth areas.