Robinhood Markets reported a blockbuster third quarter, surpassing analysts’ expectations with $1.2 billion in revenue, nearly double the same period last year.
Robinhood Markets posted third‑quarter results that beat expectations and underscored the firm’s evolving approach to retail finance and digital assets. Revenue hit $1.27 billion, roughly double the $646 million from the same quarter a year earlier, exceeding consensus forecasts of around $1.2 billion.
Earnings per share reached $0.61, marking a year‑on‑year increase of approximately 217 % to 259 %, outpacing street estimates.
Net income climbed to $556 million, reflecting broad growth across the platform.
In after‑hours trading following the earnings release, Robinhood’s shares ticked down from their Wednesday closing price of $143.40, though the stock remains up roughly 260 % year‑to‑date, a performance that significantly outpaces peer Coinbase Global’s ~25 % YTD gain.
Stock performance and market context
The strong results come as Robinhood continues to expand its offerings and capitalize on renewed momentum in crypto trading. Crypto transaction revenue jumped to $268 million in Q3, a staggering 300% increase from last year.
This follows $160 million in Q2 and $252 million in Q1 and the online brokerage also posted earnings per share of $0.61, a 217% year-over-year increase, and net profits of $556 million.
“Our team’s relentless product velocity drove record business results in Q3 and we’re not slowing down, prediction markets are growing rapidly, Robinhood Banking is starting to roll out, and Robinhood Ventures is coming,” said CEO Vlad Tenev.
Robinhood shares have risen approximately 260% year-to-date, significantly outperforming crypto-native competitors such as Coinbase, which has gained around 25% over the same period.
Despite a slight dip in after-hours trading following the announcement, the company’s stock remains near record highs. Along ths, Robinhood CFO Jason Warnick announced he will step down in Q1 and continue as a strategic advisor through September 1, 2026.
Longtime Robinhood finance veteran Shiv Verma will succeed him as CFO.
Transaction and prediction market highlights
Transaction-based revenue reached $730 million, slightly below analyst consensus. However, prediction markets still a smaller segment proved a bright spot, generating over $100 million in revenue. Robinhood launched NFL and college football prediction markets in August via a partnership with Kalshi, alongside offerings covering economics, culture, and technology.
Analysts at Compass Point noted that prediction markets, combined with steady growth in crypto trading, contributed to a “buy” rating and a price target of $161, surpassing Robinhood’s previous record of $153.
Crypto market overview
Robinhood’s crypto results arrive amid a cautious digital asset market. Bitcoin, the largest cryptocurrency by market value, rose 6% in Q3 but remains down nearly 18% from its all-time high reached last month. A recent Myriad prediction survey indicated that 70% of respondents expect BTC to rise to $115,000 rather than fall to $85,000, reflecting continued optimism among crypto investors.
Anastasiia G
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice. HODL FM strongly recommends contacting a qualified industry professional.
