Robinhood misses quarterly profit estimates as softer crypto activity outweighs robust trading
Options and prediction markets offset a 55% drop in crypto revenue, but Robinhood still missed profit estimates as higher expenses and weaker interest income weighed on results.
- On Tuesday, Robinhood Markets reported third-quarter revenue of $1.42 billion and earnings per share of 51 cents for the period ended September 30, 2026.
- Revenue increased 12% year-over-year, marking a significant deceleration from the 32% growth rate achieved in the second quarter.
- Transaction-Based revenue rose 19% to $867 million, driven by options revenue climbing 31% to $399 million and event contracts surging to $156 million, while crypto revenue fell 55% to $100 million.
- Shares fell 3% in after-hours trading as transaction revenue missed StreetAccount estimates, extending a 14.72% year-to-date decline.
- Robinhood is expanding Prediction Markets to nearly 2 million users and Agentic Trading to more than 100,000 accounts as growth targets remain above 20%.
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Robinhood Shares Slide 8% as Record Q3 Revenue Misses Estimates
Robinhood Markets (NASDAQ: HOOD) shares fell more than 8% to $86.78 in premarket trading Wednesday after the online brokerage reported record third-quarter revenue that missed Wall Street estimates, amid weaker cryptocurrency trading and higher operating expenses. Revenue rose 12% year over year to a record $1.42 billion for the quarter ended Sept.Visit Website
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