Wall Street · CNBC Technology
Robinhood shares fall 4% as crypto slump weighs on profits, offsetting gains in new businesses
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Robinhood shares fell 4% in after-hours trading as investors digested weaker-than-expected third-quarter earnings despite growth in options trading and prediction markets.
Key facts
- Robinhood's net income fell to $468 million, or 51 cents per share, from $556 million, or 61 cents per share, a year ago
- Transaction-based revenue grew 19% from the same period last year to $867 million, driven primarily by a more than 500% increase in event contracts revenue
- Despite that gain, transaction-based revenue of $867 million came in below Wall Street estimates from StreetAccount of $879 million, putting the focus on whether Robinhood can sustain momentum
- Net deposits on the Robinhood platform totaled $15.7 billion for the quarter, equal to a 17% annualized growth rate based on total platform assets at the end of Q2 2026
Summary
Here's how the brokerage performed in its quarter ended Sept. 30, compared with Wall Street estimates, based on a survey of analysts by LSEG:. Robinhood's net income fell to $468 million, or 51 cents per share, from $556 million, or 61 cents per share, a year ago. Despite that gain, transaction-based revenue of $867 million came in below Wall Street estimates from StreetAccount of $879 million, putting the focus on whether Robinhood can sustain momentum across its trading businesses and reduce its reliance on volatile market activity. Robinhood has been diversifying its business as it tries to expand its brokerage app into a broader financial services platform.