Brokerage Trade Counts Climbed in the Third Quarter as Regulators Weigh Round-the-Clock Markets
This is a third-party market commentary piece recapping brokerage earnings, leading with Robinhood's Q3 results: net revenues of $1.42 billion, up 12% year-over-year, but net income down 14% to $476 million ($0.51 diluted EPS), including $67 million of unrealized mark-to-market losses tied to Robinhood Ventures Fund I. Robinhood's transaction revenue rose 19% to $867 million on event contracts (up over 6x to $173 million) and options (up 31% to $399 million), but crypto revenue fell 55% to $120 million. Funded customers grew 7% to 28.7 million and platform assets rose 19% to $396 billion.
Key figures
- Eps
- 0.51
- Revenue
- $1.42 billion
- Revenue Yoy
- 12%
- Net income
- $476 million
- Crypto revenue
- $120 million
- Net income yoy
- -14%
- Options revenue
- $399 million
- Platform assets
- $396 billion
- Funded customers
- 28.7 million
- Unrealized losses
- $67 million
- Crypto revenue yoy
- -55%
- Options revenue yoy
- 31%
- Transaction revenue
- $867 million
- Event contracts growth
- up over 6x
- Event contracts revenue
- $173 million
- Transaction revenue yoy
- 19%
- Options contracts traded
- 905 million
AI analysis
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