Robinhood reported its strongest quarter to date on Wednesday, posting record Q2 revenue of $1.31 billion, up 32% year-over-year and surpassing Wall Street's estimate of $1.26 billion.

Net income reached $573 million, or $0.62 per share, compared to $386 million and $0.42 per share in the same period a year ago. Platform assets climbed to $369 billion from $307 billion, while quarterly net deposits rose to $21.7 billion from $17.7 billion. Robinhood Gold subscribers increased to 4.8 million from 4.3 million.

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

Transaction-based revenues rose 44% to $776 million, but the composition of that growth has shifted notably. Event contracts—prediction market instruments tied to real-world outcomes such as Federal Reserve rate decisions and FIFA World Cup matches—generated $156 million, surging more than 10x year-over-year to become the company's fastest-growing revenue line. The surge tracks broader mainstream adoption of prediction markets, a category regulated by the Commodity Futures Trading Commission (CFTC), where platforms such as Kalshi and Polymarket have driven billions in trading volume over the past two years. Options contributed $342 million, up 29%, and equities added $129 million, up 95%.

Crypto revenue, by contrast, declined to $100 million, down 38% from the $160 million recorded in Q2 2025. The pullback follows a similar trend from Q1, when shares fell 6% on a 34% quarterly drop in crypto revenue. Total crypto notional trading volume for the quarter was $40 billion, comprising $18 billion on Robinhood's own app (down 35% year-over-year) and $22 billion through Bitstamp, the crypto exchange Robinhood acquired last year. Overall crypto trading volume declined from $66 billion in Q1 to $40 billion in Q2.

"We hit all-time highs in trading volumes across equities, options, and prediction markets," CEO Vlad Tenev said on X.

Despite the decline in crypto trading revenue, Robinhood is deepening its commitment to blockchain-based products. The company highlighted the now-live public mainnet for Robinhood Chain, describing it as the first chain purpose-built for real-world assets. Stock Tokens are available to eligible users in more than 120 countries through Robinhood Wallet. The launch enters a tokenized real-world asset market that has drawn participation from major institutions, including BlackRock and Franklin Templeton, both of which have introduced blockchain-based funds.

"The Robinhood Chain a few weeks ago, the first chain purpose-built for real-world assets, now with over 12 billion index volume since launch," Tenev said on X. "The rapid growth and developer activity on the chain has been awesome to see, plenty more to come."

Robinhood first introduced the public testnet for Robinhood Chain earlier this year, describing it as an Ethereum layer-2 network for tokenized real-world assets. The company launched the network's public mainnet on July 1, enabling tokenized stocks, ETFs, decentralized finance applications, and other Ethereum-compatible services. As with other Ethereum L2s, the architecture runs as a secondary blockchain that settles on Ethereum's main network while offering faster and cheaper transactions. The strategy mirrors infrastructure plays by other major retail trading platforms, most notably Coinbase, which launched its own Ethereum layer-2 network, Base, in 2023.

As Decrypt reported last Sunday, the chain was already clearing over $600 million in daily decentralized exchange volume and had logged 138 million transactions in its first 30 days. Tokenized stocks—real company shares wrapped as on-chain digital tokens—grew from $5 million to $60 million in daily volume in under two weeks.

Two new products headlined the earnings call. "Two new launches I'd like to highlight. One, Rothera, our new prediction markets exchange and joint venture. And two, the first version of agentic trading with equities, options, and soon crypto on Robinhood available to your AI agents," Tenev said.

Rothera is a CFTC-licensed prediction markets exchange operated as a joint venture with Susquehanna International Group, a major quantitative trading firm. It has processed over 3.5 billion contracts since going live in late May. The venture positions Robinhood to capture a larger share of the prediction markets space at a time when the CFTC's regulatory framework has given event contracts clearer legal standing than many digital assets overseen by the SEC. Agentic trading—software that executes trades on a user's behalf automatically without requiring manual input per transaction—launched on May 27 and already counts nearly 100,000 accounts.

Additional milestones include record net deposits of $21.7 billion, a record 4.8 million Gold subscribers, and the Gold Card surpassing 1 million cardholders with $17 billion in annualized purchase volume. Thirteen Robinhood business lines now each generate over $100 million in annual revenue.