Robinhood

Gains

Dubai

Robinhood’s 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.
<h2 id="crypto-weakness-meets-gains-in-event-contracts-and-options">Crypto Weakness Meets Gains in Event Contracts and Options</h2>
According to Robinhood’s report, its transaction-based revenue <a href="https://investors.robinhood.com/news-releases/news-release-details/robinhood-reports-third-quarter-2026-results" rel="noopener noreferrer nofollow">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.
<blockquote>
 “Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues,” Shiv Verma, the firm’s CFO stated.
</blockquote>
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.
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’s main app dropped 48% year-over-year to $21 billion, while Bitstamp volume fell 28% to $29 billion.
Meanwhile, the platform’s 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’s mark-to-market.
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.
<h2 id="customer-numbers-up-amid-overseas-expansion">Customer Numbers Up Amid Overseas Expansion</h2>
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 <a href="https://cryptopotato.com/robinhood-brings-crypto-trading-to-uk-investors-with-zero-fees/" rel="noopener noreferrer nofollow">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.
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.
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.
The post <a href="https://cryptopotato.com/robinhood-q3-revenue-hits-1-42b-as-crypto-income-falls-55/" rel="noopener noreferrer nofollow">Robinhood Q3: Revenue Hits $1.42B as Crypto Income Falls 55%</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Robinhood Q3: Revenue Hits $1.42B as Crypto Income Falls 55%

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