Robinhood (NASDAQ:HOOD) reported Q2 earnings ending June 30th yesterday, delivering an EPS beat.
Robinhood shares closed down slightly yesterday but are up slightly in early trading today.
Robinhood reported net revenue of $1.32 billion, an increase of 32% versus the same period the year prior.
Transaction revenue increased by 44% to $776 million, aided by its new prediction markets that generated $156 million in revenue.
Its partnership with the new Trump accounts was mentioned as aiding its operations.
Net income was up by 48% to $573 million, which included an extraordinary gain of $129 million due to a change in the Robinhood Ventures Fund I.
EPS came in at $0.62, up by 48% year over year
Funded customers increased by 1.9 million to 28.4 million compared to the same quarter in 2025. International Funded Customers surpassed 1 million during the quarter
Deposits stood at $21.7 billion with an annualized growth rate of 28%. Total platform assets were reported at $369 billion, up by 32% versus the year prior.
On the downside, crypto trading was less important, generating $100 million in revenue, down 38% year over year. Crypto lagged while more traditional securities sectors, plus prediction markets, helped the company beat expectations. On July 1, Robinhood Singapore received its capital markets services license from the Monetary
Authority of Singapore
Regarding its outlook for the year, Robinhood said it is “lowering and tightening its 2026 outlook for Adjusted Operating Expenses and SBC to a range of $2.675 to $2.775 billion.”
Robinhood explained they continue to grow and diversify its business as it aims to become the single platform for a user to manage their financial existence. Robinhood said it held over $5 billion in cash and other liquid assets, which they can use to invest and expand operations.
CEO and founder Vlad Tenev told CNBC this morning he wants to provide access to both public and private offerings globally. In the US, he wants to see share ownership grow to over 90% from its current 65%. The US is one of the most active equity cultures in the world. In contrast, the EU reports that approximately 20% to 25% of households hold shares. In the UK, approximately 26% of UK adults hold shares.