TLDR
- Robinhood reports Q1 2026 earnings on April 28, after market close.
- Wall Street expects EPS of $0.39 and revenue of $1.14 billion, up over 20% year-over-year.
- Crypto revenue is expected to drop sharply, while stock and options trading should be strong.
- Options markets are pricing in a ~10% move in HOOD stock following the report.
- Analysts have a Strong Buy consensus with a 12-month price target of $106, implying ~26% upside.
Robinhood (HOOD) is down 25.7% year-to-date but has gained more than 70% over the past 12 months. The company reports Q1 2026 results after the closing bell on Tuesday, April 28.
Wall Street is watching closely. The quarter was marked by elevated market volatility — which tends to drive trading volumes across equities, options, and crypto — and analysts want to know how much of that activity showed up in Robinhood’s numbers.
Revenue is expected to come in at $1.14 billion, up more than 20% from a year ago. Earnings per share are forecast at $0.39, compared to $0.37 in Q1 2025.
Options trading and equities are expected to be the main drivers of growth this quarter. Net interest income is also likely to have contributed positively, given the current interest rate environment.
Crypto is a different story. Digital asset trading slowed in the first quarter, and analysts expect crypto transaction revenue to fall sharply on a year-over-year basis. That slowdown is a meaningful headwind, given how much crypto contributed to Robinhood’s blowout numbers in late 2025.
The key question heading into the print: can strength in equities and options fully offset the crypto drag?
Analyst Views
Cantor Fitzgerald’s Ramsey El-Assal raised his price target on HOOD to $110 from $95 ahead of the print, keeping a Buy rating. He acknowledged concern about broader economic slowdown but said recent bank earnings suggest consumer spending is holding up. He sees Q1 estimates as achievable and flagged forward guidance and Middle East developments as potential near-term catalysts.
Piper Sandler analyst Patrick Moley also kept his Buy rating, saying retail trading activity is proving more resilient than expected in 2026. He believes Robinhood is positioned to outperform FinTech peers through the rest of the year.
The TipRanks consensus on HOOD is a Strong Buy, based on 14 Buy ratings and 3 Holds over the past three months. The average price target of $106 implies roughly 26% upside from current levels.
What Else to Watch
Monthly active users are a metric investors will track closely. MAUs are expected to show a slight improvement from Q4 but are still projected to come in below year-ago levels. If Robinhood can show a more durable uptick in user engagement, that could be a positive signal beyond the headline revenue numbers.
Jim Cramer, speaking on Mad Money, said he expects a “terrific quarter” given the volatile market backdrop. He has been a vocal supporter of HOOD, citing the company’s younger user base and its partnership with the Trump administration on custodial investment accounts. He noted that even that news failed to move the stock — a sign of how much macro pressure has weighed on sentiment.
Options traders are pricing in a move of roughly 10% in either direction after the report. That’s above Robinhood’s historical average post-earnings move of around 6.9% over the past four quarters, suggesting the market sees this as a higher-stakes print than usual.
HOOD is currently trading down 0.9% on the day ahead of the report.
🚨 Our April Stock Picks Are Live!
A new month means new opportunities. Our analysts have just released their top stock picks for April, highlighting companies with strong momentum that rank highly on our KO Score algorithm. We’re also now sharing trade ideas for both long-term and short-term investors, giving you more ways to spot potential opportunities in the market.
Sign up to Knockout Stocks today and get 50% off to unlock the full list and see which stocks made the cut.
Use coupon code Special50 for your exclusive discount!
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
