Robinhood posts record Q2 earnings, crypto revenue down 38%

Robinhood Markets reported record revenue and earnings for the second quarter of 2026, but its shares fell as a sharp decline in cryptocurrency trading revenue overshadowed strong performance in other business lines. The online brokerage released its quarterly results on Wednesday, July 29, 2026.

Total net revenue rose 32% year-over-year to $1.31 billion, exceeding analyst expectations. Net income increased 48% to $573 million, with diluted earnings per share reaching $0.62. The company noted that these results included a gain of $129 million, primarily related to the deconsolidation of its Robinhood Ventures Fund I, which contributed approximately $0.14 to earnings per share.

The revenue growth was driven by a 44% surge in transaction-based revenue, which reached $776 million. This category saw exceptional strength in newer products. Revenue from event contracts, which are prediction market bets on real-world outcomes, soared more than tenfold to $156 million. Options revenue climbed 29% to $342 million, and equities revenue nearly doubled, rising 95% to $129 million.

In contrast, cryptocurrency transaction revenue fell 38% from a year earlier to $100 million. Total crypto...