Robinhood Q2 Revenue Hits Record $1.31 Billion as Crypto Revenue Falls 38%
Key Takeaways
- •Robinhood's second-quarter net revenue reached a record $1.31 billion, up 32% year-over-year, while net income rose 48% to $573 million with diluted EPS of $0.62.
- •Event contract revenue increased more than tenfold to $156 million, marking Robinhood's expansion into the prediction market space alongside platforms such as Kalshi and Polymarket.
- •Crypto revenue declined 38% to $100 million, underscoring persistent pressure in the digital asset trading segment despite the company's overall financial growth.
- •Robinhood announced the acquisition of global crypto exchange Bitstamp as part of its strategy to strengthen its cryptocurrency trading capabilities and broaden its competitive position.
- •The company's diversified revenue base spanning equities, options, crypto, and event contracts provides multiple revenue streams, though the crypto segment may need further adjustments to regain momentum.
Robinhood reported record second-quarter revenue of $1.31 billion, driven by a sharp increase in event contract revenue. At the same time, crypto revenue declined 38% to $100 million, underscoring mixed performance across the company's business lines.
Event Contracts Drive Revenue Growth
Robinhood's second-quarter net revenue rose 32% year over year to a record $1.31 billion. The company said much of the growth came from event contract revenue, which climbed more than tenfold to $156 million. Net income increased 48% to $573 million, and diluted EPS reached $0.62.
Event contracts allow users to trade on the outcomes of real-world events, placing Robinhood in the rapidly growing prediction market space alongside platforms like Kalshi and Polymarket. The rise in event contract revenue highlights Robinhood's continued push to diversify beyond its traditional trading business into newer product categories.
Robinhood Q2 Revenue Hits Record $1.31 Billion as Event Contract Revenue Surges More Than 10x Robinhood's second-quarter net revenue rose 32% year-over-year to a record $1.31 billion, while net income increased 48% to $573 million and diluted EPS reached $0.62. Transaction-based… pic.twitter.com/Ruirfs30ak — Wu Blockchain (@WuBlockchain) July 29, 2026
Robinhood Q2 Revenue Hits Record $1.31 Billion as Event Contract Revenue Surges More Than 10x Robinhood's second-quarter net revenue rose 32% year-over-year to a record $1.31 billion, while net income increased 48% to $573 million and diluted EPS reached $0.62. Transaction-based… pic.twitter.com/Ruirfs30ak
Crypto Revenue Declines
Despite gains in other areas, Robinhood's crypto revenue fell 38% to $100 million. The decline points to pressure in the crypto segment, which may reflect lower trading volumes or competitive conditions. Robinhood has been working to strengthen its crypto capabilities, including its announced acquisition of global crypto exchange Bitstamp, as it seeks to compete more broadly in digital asset trading.
The drop in crypto revenue stood in contrast to the company's stronger overall financial results, suggesting continued headwinds in digital asset trading.
Broader Market Context
Robinhood's broader business remained supported by growth in options and equities. Bitcoin was trading near $65,040, while traders remained cautious and market sentiment stayed subdued.
Robinhood's diversified revenue base — now spanning equities, options, crypto, and event contracts — positions the company to benefit from multiple revenue streams, although its crypto business may require further adjustments to recover momentum.