Robinhood\u2019s Q3 2026 results are in, and the trading platform posted $1.42 billion in revenue, up 12% from a year ago.<\/p>\n
However, things were not so rosy for its crypto business, which saw revenue fall 55% to about $120 million.<\/p>\n
According to Robinhood\u2019s report, its transaction-based revenue went up<\/a> 19% to $867 million, with event contracts, which trade between 1 cent and $1 and pay $1 at settlement, bringing in $173 million, marking a sixfold increase.<\/p>\n \u201cCustomers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues,\u201d Shiv Verma, the firm\u2019s CFO stated.<\/p>\n The third quarter also saw net deposits go to $15.7 billion as total platform assets climbed to $396 billion, a 19% jump. This, per the report, was because of higher equity valuations.<\/p>\n Options revenue also rocketed, climbing 31% to $399 million, while equities gained 41% to add $121 million. However, crypto was the odd one out, with the $120 million recorded in the period marking a 55% decline according to the firm. Volume on Robinhood\u2019s main app dropped 48% year-over-year to $21 billion, while Bitstamp volume fell 28% to $29 billion.<\/p>\n Meanwhile, the platform\u2019s net income hit $476 million, although this was still 14% lower than the figure from the same quarter last year, and it includes $0.07 per share, amounting to $67 million of unrealized losses that were mostly tied to Robinhood Venture Fund 1\u2019s mark-to-market.<\/p>\n Another thing the report noted was that costs grew faster than revenue, with operating expenses going up by 16% to $739 million due to higher credit loss provisions. Furthermore, net interest revenue came down to $415 million, a slide of about 9% that Robinhood said was due to lower securities lending and short-term interest rates.<\/p>\n Apart from the jump in net revenues, the company also reported a 7% increase in funded customers, which pushed them to 28.7 million. Abroad, it launched<\/a> crypto trading in the UK and got authorization from the Dubai Financial Services Authority. The firm said it is planning a rollout in that region in 2027.<\/p>\n Its Robinhood Chain, launched in June, became a top-5 chain by revenue and volume in its first quarter after it generated more than $80 billion in DEX volume and more than $50 million in revenue.<\/p>\n On costs, management says it trimmed the top of its 2026 adjusted operating expenses and stock-based compensation outlook by $25 million, taking it to a range of $2.675 billion to $2.75 billion.<\/p>\n The post Robinhood Q3: Revenue Hits $1.42B as Crypto Income Falls 55%<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Robinhood\u2019s Q3 2026 results are in, and the trading platform posted $1.42 billion in revenue, up 12% from a year ago. However, things were not so rosy for its crypto business, which saw revenue fall 55% to about $120 million. Crypto Weakness Meets Gains in Event Contracts and Options According to Robinhood\u2019s report, its transaction-based […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-246405","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/246405"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=246405"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/246405\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=246405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=246405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=246405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Customer Numbers Up Amid Overseas Expansion<\/h2>\n