Robinhood Markets, Inc. (HOOD) Form 8-K — Oct 27, 2026
Robinhood posted 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 over 6x to $173 million and options revenue up 31% to $399 million. Despite the revenue record, GAAP net income fell 14% to $476 million and diluted EPS dropped 16% to $0.51, pressured by $67 million of unrealized losses on Robinhood Ventures Fund I, a 16% rise in operating expenses to $739 million, and crypto revenue down 55% to $120 million. Adjusted EPS declined just 3% to $0.60 and Adjusted EBITDA rose 9% to $808 million.
Key figures
- Eps
- 0.51
- Revenue
- 1424000000
- Guidance
- 2026 Adjusted Operating Expenses and SBC outlook lowered at the top end by $25 million to $2.675-$2.75 billion
- Net Income
- 476000000
- Total Debt
- 2660000000
- Revenue Yoy
- 12%
- Total Assets
- 58271000000
- Cash Position
- 5800000000
- Arpu
- $200, up 5% YoY
- Margin book
- $22.1 billion, up 59% YoY
- Adjusted eps
- $0.60, down 3% YoY
- Crypto revenue
- $120 million, down 55% YoY
- Adjusted ebitda
- $808 million, up 9% YoY
- Net deposits q3
- $15.7 billion
- Options revenue
- $399 million, up 31%
- Equities revenue
- $121 million, up 41%
- Funded customers
- 28.7 million, up 7% YoY
- Gold subscribers
- 5.2 million, up 34% YoY
- Net deposits ttm
- $71.0 billion
- Adjusted net income
- $550 million
- Q4 net deposits mtd
- $13 billion October month-to-date
- Transaction revenue
- $867 million, up 19% YoY
- Share repurchases q3
- $25 million at ~$105 average price
- Total platform assets
- $396 billion, up 19% YoY
- Crypto notional volume
- $50 billion, down 38% YoY
- Event contracts traded
- 16.4 billion, up over 7x
- Event contracts revenue
- $173 million, up over 6x
- Options contracts traded
- 905 million, up 48%
- Robinhood chain dex volume
- $80 billion; $50 million chain fees
AI analysis
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