WiremarketsDextape brief
Robinhood Q3: Revenue Hits $1.42B as Crypto Income Falls 55%
The platform's total assets reached $396 billion as net deposits and higher equity valuations partly offset lower cryptocurrency valuations.
Dextape brief
Robinhood posted third-quarter 2026 results with revenue of $1.42 billion, a 12% rise from a year earlier. Crypto revenue went the other way, dropping 55% to about $120 million. Transaction-based revenue rose 19% to $867 million, and event contracts, priced from one cent up to a dollar and paying out $1 at settlement, brought in $173 million, a sixfold increase. Options revenue grew 31% to $399 million, while equities climbed 41% to $121 million. Net deposits reached $15.7 billion and total platform assets rose 19% to $396 billion, which the report attributed to higher equity valuations. Net income was $476 million, down 14%. Funded customers grew 7% to 28.7 million. The company launched crypto trading in the UK, received authorization from the Dubai Financial Services Authority, and plans a rollout there in 2027.
Why it matters: The results show crypto revenue falling sharply even as overall revenue and other trading lines grew, a sign of how unevenly the platform's businesses are performing.
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