Robinhood Reports Third Quarter 2026 Results
Robinhood reported record Q3 2026 net revenues of $1.42 billion, up 12% year-over-year, driven by transaction revenues of $867 million (+19%) with event contracts revenue up more than 6x to $173 million. Profitability declined despite the revenue record: GAAP net income fell 14% to $476 million with diluted EPS down 16% to $0.51, hit by 16% operating expense growth (including credit-loss provisions for the credit card book) and $67 million of unrealized losses on Robinhood Ventures Fund I; Adjusted EPS fell 3% to $0.60. Crypto revenue dropped 55% YoY.
Key figures
- Eps
- 0.51
- Revenue
- 1424000000
- Guidance
- 2026 Adjusted Operating Expenses and SBC lowered at top end by $25M to $2.675-$2.75 billion
- Revenue Yoy
- 12%
- Arpu
- 200
- Opex yoy
- 16%
- Net income
- 476000000
- Margin book
- 22100000000
- Q3 buybacks
- 25000000
- Adjusted eps
- 0.6
- Other revenue
- 142000000
- Net income yoy
- -14%
- Adjusted ebitda
- 808000000
- Net deposits q3
- 15700000000
- Options revenue
- 399000000
- Adjusted eps yoy
- -3%
- Equities revenue
- 121000000
- Funded customers
- 28700000
- Gold subscribers
- 5200000
- Net deposits ttm
- 71000000000
- Other revenue yoy
- 61%
- Crypto revenue yoy
- -55%
- Adjusted ebitda yoy
- 9%
- Adjusted net income
- 550000000
- Cumulative buybacks
- 1300000000
- Platform assets yoy
- 19%
- Transaction revenue
- 867000000
- Net interest revenue
- 415000000
- Total platform assets
- 396000000000
- Event contracts revenue
- 173000000
- Transaction revenue yoy
- 19%
- Net interest revenue yoy
- -9%
- October net deposits mtd
- 13000000000
- Total operating expenses
- 739000000
- Guidance adjusted opex sbc
- $2.675B-$2.75B (top end lowered by $25M from $2.675B-$2.775B)
AI analysis
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