Robinhood Q3 2026 Revenue Hits Record $1.42B as Profit Declines and Shares Slip 6%

Robinhood Markets Inc. (NASDAQ:HOOD) reported third‑quarter 2026 results on Tuesday, October 27. Revenue reached a new quarterly record of $1.42 billion, a 9% increase over the prior quarter.

Operating expenses rose 16% quarter‑over‑quarter, contributing to a 17% decline in profit, with earnings of $476 million compared with $573 million in the second quarter. Net profit was also affected by unrealized losses tied to the mark‑to‑market valuation of Robinhood Ventures Fund I.

Prediction Markets revenue grew 11% from the second quarter to $173 million, while crypto revenue increased 20% to $120 million, remaining below earlier peaks.

Diluted earnings per share were $0.51, below the consensus estimate of $0.55, according to the earnings release.

Following the announcement, HOOD shares traded down about 6% in aftermarket trading.

Company leadership highlighted the addition of a new business segment generating over $100 million in annualized revenue and noted that October net deposits had already exceeded $13 million.