TLDR
- Robinhood posted Q3 revenue of $1.424 billion, up 12% from last year, just under the $1.43 billion Street forecast.
- EPS of $0.51 missed the $0.55 consensus, and net income fell 14% to $476 million.
- Crypto transaction revenue fell 55% from a year ago to $120 million, but beat the $114.1 million estimate.
- Prediction markets brought in $173 million, more than six times the year-earlier figure.
- HOOD fell about 5% to 6% after hours to around $89, leaving it down roughly 22% year to date.
Robinhood (HOOD) stock closed at $94.56 on Tuesday, then dropped about 5.5% in after-hours trading to $89.22 after the company reported third-quarter results. The stock is down roughly 22% so far this year.
The earnings report showed a mixed quarter. Revenue came in just below forecasts, and earnings per share missed.
Total revenue rose 12% from a year earlier to a record $1.424 billion. Analysts had expected $1.43 billion.
Robinhood Q3 Revenue Meets Estimates as Prediction Market Revenue Surges and Crypto Revenue Falls 55%
Robinhood reported Q3 2026 revenue of $1.424 billion, up 12% year-over-year and roughly in line with the $1.42 billion estimate. Net income fell 14% to $476 million, while… pic.twitter.com/LaGaO8C7K1
— Wu Blockchain (@WuBlockchain) October 27, 2026
EPS was $0.51, below the $0.55 consensus. Net income fell 14% to $476 million.
Crypto revenue falls, but beats forecasts
Crypto transaction revenue dropped 55% to $120 million, down from about $267 million a year ago. Wall Street had expected $114.1 million, so the number still topped forecasts.
Crypto now makes up just 8.4% of total revenue. A year ago it was about 21%.
Customers traded less crypto than a year earlier. Total volume fell 38% to $50 billion.
The Robinhood app handled $21 billion of that, down 48%. Bitstamp handled $29 billion, down 28%.
Compared with the second quarter, the picture looks a bit better. The Block reported volume rose 23% from Q2 to $49.8 billion.
Crypto revenue also rose 20% from the previous quarter. That includes $26 million from Robinhood Chain, which launched on mainnet July 1.
Without the chain, crypto transaction revenue fell 6% from Q2 to $94 million. So the quarterly gain came from the new network.
Other businesses carry the quarter
Prediction markets were the standout. Event contracts generated $173 million, up 11% from Q2 and more than six times last year’s level. That includes $28 million from Rothera, the exchange Robinhood runs with Susquehanna.
Options revenue rose 31% to $399 million. Equities revenue climbed 41% to $121 million.
Robinhood Chain processed more than $80 billion in decentralized exchange volume. It also generated over $50 million in chain fees in its first quarter.
Those fees are not the same as reported crypto transaction revenue. The company did not say how much of the chain fees it counted as revenue.
For now, the after-hours move is the latest data point. HOOD sat near $89 as trading closed out the session, down about 5% to 6% from Tuesday’s close.
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