TLDR
- Robinhood reports Q1 2026 earnings on April 28 after market close
- Options traders are pricing in a ~10% move in either direction post-earnings
- Wall Street expects $1.14 billion in Q1 revenue, up ~21.5% year over year
- Crypto revenue expected to drop sharply, while stock and options trading should hold up
- HOOD carries a Strong Buy consensus with an average price target of $106, implying ~25% upside
Robinhood (HOOD) is set to post its Q1 2026 results on Tuesday, April 28, after the closing bell. The stock is down 25% year-to-date but has gained more than 70% over the past 12 months.
Options traders aren’t messing around. They’re pricing in a move of around 10.06% in either direction following the report. That’s notably above HOOD’s average post-earnings swing of 6.91% over the last four quarters.
Wall Street is looking for Q1 EPS of $0.39, up from $0.37 a year ago. Revenue is projected to hit $1.14 billion, which would represent roughly 21.5% year-over-year growth.
That’s a step down from the 50% revenue growth Robinhood posted in Q1 2025. But the bar has naturally risen.
Last quarter, Robinhood reported revenue of $1.28 billion, up 26.5% year over year. Despite that growth rate, it missed analyst revenue and EBITDA estimates, which set a cautious tone heading into this report.
Analyst estimates for Q1 have also seen mostly downward revisions over the last 30 days. Robinhood has missed Wall Street’s revenue estimates several times in the past two years, so analysts are being careful.
Crypto Weakness vs. Trading Strength
The key battleground in Q1 will be crypto. Digital asset trading slowed sharply in early 2026, and crypto transaction revenue is expected to show a steep year-over-year decline.
The question is whether strong stock and options trading activity can cover that gap. Robinhood had solid momentum there in 2025 during periods of market volatility, and analysts expect that to continue into Q1.
Monthly active users (MAUs) are another number to watch. They’re expected to come in slightly above Q4 2025 levels but still below where they were a year ago.
Net interest income is expected to remain a solid contributor to the top line, providing some cushion against the crypto slowdown.
What Analysts Are Saying
Cantor Fitzgerald’s Ramsey El Assal raised his price target on HOOD to $110 from $95, keeping a Buy rating. He said Q1 estimates look achievable and that concerns about an economic slowdown may be overdone based on recent bank earnings and consumer spending data.
El Assal flagged forward guidance and Middle East developments as potential catalysts for the stock going forward.
Piper Sandler’s Patrick Moley also reiterated a Buy rating, saying he expects retail trading activity to hold up better than feared in 2026 and that Robinhood should outperform its FinTech peers through the rest of the year.
Across the board, TipRanks shows a Strong Buy consensus on HOOD, based on 14 Buy ratings and 3 Holds over the last three months. The average price target sits at $106, implying roughly 25% upside from current levels around $84.77.
Robinhood’s consumer internet peers have had a mixed earnings season. Netflix posted 16.2% revenue growth and beat estimates, while Coursera grew 9.1% and met expectations. Both stocks dropped after reporting.
HOOD has risen 30.1% over the past month, outpacing the broader consumer internet segment’s 16.7% average gain.
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