Robinhood Q3 Revenue Hits Record $1.42B, But EPS Falls 16% as Crypto Revenue Drops 55%
HOOD sits 47% above its 52-week low of $63.515.
Summary
Robinhood posted record Q3 revenue of $1.42 billion, up 12%, but GAAP diluted EPS fell 16% to $0.51 as crypto revenue dropped 55% and $67 million of unrealized venture-fund losses weighed on net income. Adjusted EPS fell just 3% to $0.60, and the company trimmed the top end of its 2026 expense outlook by $25 million.
Key Events · Earnings and Guidance · HOOD
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Record Q3 Revenue of $1.42B
Total net revenues rose 12% year-over-year to a record $1.42 billion, with transaction-based revenues up 19% to $867 million.
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EPS Falls on Crypto and Mark-to-Market
Diluted EPS fell 16% to $0.51 and net income dropped 14% to $476 million, including $67 million of unrealized losses primarily from mark-to-market on Robinhood Ventures Fund I. Adjusted EPS fell 3% to $0.60.
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Crypto Revenue Down 55%
Cryptocurrencies revenue fell 55% year-over-year to $120 million, and crypto notional trading volumes dropped 38% to $50 billion, offset by event contracts revenue of $173 million, up over 6x.
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2026 Expense Outlook Trimmed
The top end of the 2026 Adjusted Operating Expenses and SBC outlook was lowered by $25 million to a range of $2.675 to $2.75 billion.
Analysis · HOOD · Crypto Assets
Revenue set a record, but the mix shifted hard: event contracts brought in $173 million (up over 6x) and equities and options grew, while crypto revenue fell 55% to $120 million and net interest revenue slipped 9%. That mix, plus $67 million of unrealized mark-to-market losses on Robinhood Ventures Fund I, pushed GAAP net income down 14% to $476 million and diluted EPS down 16% to $0.51 — a non-cash hit, not an operating cash outflow. Adjusted EPS, which strips those items out, fell only 3% to $0.60. Management also trimmed the top end of its 2026 Adjusted Operating Expenses and SBC outlook by $25 million to $2.675–$2.75 billion, and said October Net Deposits already topped $13 billion month-to-date, including $6 billion from the Dell family's Trump Accounts contribution.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HOOD was trading at $93.23 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $85B. The 52-week trading range was $63.52 to $150.47. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.