Robinhood Markets, Inc. (HOOD)

The company now

Robinhood reported record revenue of $1.42 billion for the third quarter of 2026 on 27 October, up 12 percent from a year earlier 1. Net income fell 14 percent to $476 million, as operating expenses rose 16 percent and the tax charge nearly doubled 1.

What customers trade has shifted 1. Event contracts, trades on the outcome of events such as games or elections, brought in $173 million, more than six times a year earlier, while crypto revenue fell 55 percent to $120 million 1. The quarterly report blames fewer people trading crypto, smaller trades and lower rebates from the market makers that fill crypto orders 2.

Net interest revenue fell 9 percent to $415 million, on less securities lending and lower short-term rates 1. Customers kept bringing money: net deposits were $15.7 billion in the quarter, and platform assets reached $396 billion 1. Finance chief Shiv Verma said October deposits had already topped $13 billion, including $6 billion from the Dell family's gift to Trump Accounts 1.

The open questions are crypto and the courts 122. Verma said on the call that crypto and equity spreads looked "a little bit tighter" early in the fourth quarter, and several states are fighting Robinhood's sports event contracts in court 122.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.