What to know:
- Robinhood Revenue hit a record $1.31B in Q2, rising 32% YoY and beating estimates.
- Net income climbed to $573M, while assets under custody reached $369B.
- Crypto revenue fell 38% to $100M, but Robinhood Chain continued expanding.
Robinhood Revenue reached its peak during Q2 thanks to strong earnings, increasing customer balances, and ongoing blockchain product development. The volume of cryptocurrency transactions decreased; however, Robinhood continued expanding into digital assets with the help of Robinhood Chain, prediction markets, and artificial intelligence trading systems.
Q2 revenue came to $1.31 billion, which is 32% more year over year, exceeding the analysts’ expectations ($1.26 billion). Growth was supported by increased volume in equities, options, and prediction markets despite decreased crypto revenue compared to the previous year.
The firm also reported a net income of $573 million, or $0.62 per share, versus $386 million, or $0.42 per share, in the corresponding period a year prior.
Assets under custody were at $369 billion, rising from $307 billion a year prior. The quarterly net deposit was at an all-time high of $21.7 billion, while Robinhood Gold customers hit a mark of 4.8 million, against 4.3 million a year earlier.
This was stated by CEO Vlad Tenev in a note on X.
“We hit all-time highs in trading volumes across equities, options, and prediction markets.”
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Robinhood Revenue Boosted by Prediction Markets and Stock Trading
Transaction-based income increased by 44% compared to last year to $776 million, with prediction markets becoming one of the most rapidly growing businesses at Robinhood.
Event contracts, giving customers the ability to bet on the result of any real-life event like Fed announcements and sporting competitions, brought in $156 million in revenues, exceeding the figure from last year by more than 10 times.
Options brought in $342 million, an increase of 29%, whereas the equities business brought in $129 million, with an increase of 95%.
Robinhood Revenue Drops in Crypto
Robinhood Revenue generated by crypto fell to $100 million, representing a drop of 38% from the $160 million recorded in Q2 2025. The overall crypto trading volume was down to $40 billion from $66 billion previously. Robinhood’s platform recorded a crypto trading volume of $18 billion while Bitstamp added another $22 billion.
Despite lower trading volumes, Robinhood revenue continued to benefit from the company’s blockchain expansion with the launch of the public mainnet of Robinhood Chain, an Ethereum Layer-2 protocol for tokenized real-world assets. Launched on July 1, it enabled tokenized stocks, ETFs, DeFi applications, and the broader Ethereum ecosystem through Robinhood Wallet.
Growth has been mentioned by Tenev as being strong since the network launch.
“Robinhood Chain, which was launched just a few weeks ago and is the world’s first chain designed for real-world assets, is already sitting on top of $12B in index volume. The fast growth and developer activity have been quite notable, and there is much more to come.”
A public testnet was announced previously this year by Robinhood before launching its mainnet.
New Products Support Robinhood Revenue Growth
Robinhood unveiled two more products during its earnings call.
First, Rothera, a prediction market exchange, which is CFTC-licensed, developed through a partnership between Susquehanna International Group. Over 3.5 billion transactions have been executed using the platform since its launch at the end of May.
Second, agentic trading, a feature made possible by artificial intelligence and allows automated trade execution by software agents in equities, options, and even cryptocurrencies. Around 100,000 accounts have already embraced the technology since May.
Furthermore, Gold Card has over 1 million members, who generate purchase volume of over $17 billion annually. Thirteen business segments generate over $100 million of annual revenue.
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