Key Takeaways
Robinhood posted $1.31B in Q2 income on July 29, pushed by robust buying and selling quantity.Occasion contracts on Robinhood surged over 10x to $156M, signaling a retail shift in buying and selling developments.CEO Vlad Tenev goals to develop Robinhood utilizing Trump Accounts and 13 enterprise traces topping $100M income.
Buying and selling Income and Product Progress
Monetary expertise platform Robinhood Markets reported document second-quarter internet income of $1.31 billion on July 29, up 32% from a 12 months earlier, pushed by strong buying and selling exercise and speedy enlargement in its newer monetary providers.
Internet earnings rose 48% to $573 million, or 62 cents per diluted share. Outcomes for the quarter ended June 30 included a $129 million achieve, or 14 cents per share, primarily from deconsolidating Robinhood Ventures Fund I.
Transaction-based revenues jumped 44% year-over-year to $776 million. Progress was led by choices buying and selling, which rose 29% to $342 million, and fairness buying and selling, which surged 95% to $129 million. Income from occasion contracts, the corporate’s prediction market providing, expanded greater than tenfold to $156 million. Conversely, cryptocurrency buying and selling income declined 38% to $100 million amid decrease crypto valuations.
“Whether or not it’s the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is concentrated on one aim: making everybody an proprietor,” mentioned Vlad Tenev, chief govt officer of Robinhood. “Broad possession is important to a free, steady, and affluent society.”
Internet curiosity revenues grew 9% to $389 million, supported by development in interest-earning belongings regardless of decrease short-term charges. Different revenues surged 54% to $143 million, propelled by contributions from Robinhood Gold subscriptions and repair charges from Trump Accounts.
Through the quarter, internet deposits reached a document $21.7 billion, representing an annualized development fee of 28% relative to whole platform belongings, which expanded 32% year-over-year to $369 billion. Common income per person jumped 24% year-over-year to $187.
Complete working bills grew 33% to $734 million, pushed by advertising and marketing investments, prices tied to new product traces, and restructuring expenses related to a workforce discount executed in June 2026. Adjusted working bills and share-based compensation rose 23% to $641 million, coming in beneath inner projections. Adjusted EBITDA rose 35% to $741 million.
“The enterprise is firing on all cylinders,” Chief Monetary Officer Shiv Verma mentioned. “We delivered document revenues and drove new highs throughout fairness, choice, and occasion contract volumes, as we proceed to win market share.”
Robinhood ended the second quarter with $5.4 billion in money and money equivalents, up from $4.2 billion a 12 months prior, strengthened by internet proceeds from a $2.2 billion convertible notes providing in June. Through the quarter, the corporate repurchased $414 million of Class A typical inventory, bringing cumulative buybacks below its share repurchase initiative to $1.3 billion since late 2024.
