Robinhood Refuses 2026 Total Expense Outlook, Trims Guidance Range After Q3 Revenue Miss
HOOD sits 43% above its 52-week low of $63.515.
Summary
Robinhood declined to give a 2026 total operating expense outlook, citing uncertainty over credit losses and regulatory costs — a rare guidance blackout from a company that had been tightening its cost targets. It did narrow the 2026 adjusted opex and SBC range to $2.675-$2.75 bln from $2.675B-$2.775B. Q3 revenue rose 12% to $1.42 bln but only met the consensus estimate, while adjusted EPS of $0.60 beat $0.56 and adjusted EBITDA of $808 mln topped $765.46 mln. Operating expenses climbed 16% yr/yr to $739 mln on credit card, Trump Accounts and Rothera costs, and crypto transaction revenue fell sharply, offsetting growth in event contracts, options and equities. The withheld total-expense number is the part that matters: it leaves credit-loss exposure and marketing spend unquantified heading into 2027.
At the time of this announcement, HOOD was trading at $90.97 on NASDAQ in the Finance sector, with a market capitalization of approximately $85B. The 52-week trading range was $63.52 to $150.47. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.