Robinhood announced its second-quarter 2026 financial results, reporting a record quarterly revenue of $1.31 billion, a 32% increase year-over-year. This growth was significantly fueled by new ventures, including prediction markets and the Robinhood Chain, even as the company experienced a decline in its cryptocurrency trading revenue and volumes.
Key Growth Drivers Emerge
According to Robinhood, transaction-based revenues rose 44% to $776 million. A key driver within this category was event contracts, which generated $156 million, marking a more than tenfold increase year-over-year. These contracts are part of Robinhood’s prediction markets, where users trade on real-world outcomes. CEO Vlad Tenev noted on X that the company hit all-time highs in trading volumes across equities, options, and prediction markets.
In addition to prediction markets, Robinhood highlighted the performance of its Robinhood Chain. The public mainnet for the chain, described as an Ethereum layer-2 network for tokenized real-world assets, went live on July 1. Since its launch, it has seen over $12 billion in index volume and was clearing more than $600 million in daily decentralized exchange volume in its first 30 days, logging 138 million transactions. Tokenized stocks on the chain also saw rapid growth, increasing from $5 million to $60 million in daily volume in under two weeks.
Crypto Performance Faces Headwinds
Despite the growth in these new areas, Robinhood’s crypto revenue slid to $100 million in the second quarter of 2026, a 38% decrease from $160 million in the same period last year. Total crypto notional trading volume was $40 billion for the quarter, with $18 billion on Robinhood’s app (down 35% year-over-year) and $22 billion through Bitstamp. This represents a dip from $66 billion in crypto trading volume in the first quarter of 2026.
Broader Financial Improvements
Overall financial metrics showed improvement. Robinhood’s net income for the quarter was $573 million, or $0.62 per share, compared to $386 million, or $0.42 per share, a year prior. Platform assets grew to $369 billion from $307 billion. Quarterly net deposits increased to $21.7 billion from $17.7 billion, and Robinhood Gold subscribers rose to 4.8 million from 4.3 million.
Diversification and New Products
Other product developments contributing to the company’s performance include Rothera, a CFTC-licensed prediction markets exchange launched as a joint venture, which has processed over 3.5 billion contracts since late May. Agentic trading, a feature allowing automated trade execution, launched on May 27 and has attracted nearly 100,000 accounts. The Gold Card also surpassed 1 million cardholders, with $17 billion in annualized purchase volume.
Robinhood reported that thirteen of its business lines now each generate over $100 million annually, underscoring a diversified revenue strategy. The company’s strategic shift towards prediction markets and blockchain initiatives appears to be a key factor in achieving record revenue, even as its cryptocurrency business faces challenges.
Why This Matters
The materials describe a narrow update: Robinhood announced its second-quarter 2026 financial results, showing record quarterly revenue of $1. The exact date of the Q2 2026 earnings report announcement.
Broader Context
Source materials place the factual news in this context: Robinhood reported second-quarter earnings Wednesday and posted record quarterly revenue of $1.31 billion in Q2, up 32% year-over-year, beating Wall Street’s estimate of $1.26 billion.
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