Update
Robinhood Reports Record Q3 Revenue, EPS Misses
Brokerage Robinhood reported a record $1.42 billion in Q3 2026 total net revenue, up 12% year-over-year. However, diluted earnings per share came in at $0.51, below analyst estimates of $0.54 to $0.57. The decline in crypto revenue, which fell 55% to $120 million, highlights the company's vulnerabilities and investor confidence issues. Transaction-based revenue, including event contracts and options, saw significant growth, with options revenue increasing 31% to $399 million. Equities revenue rose 41% to $121 million. The company's brand is closely linked with retail crypto trading, but crypto revenue has now dropped below equities revenue.