Robinhood has just recorded the best quarter in its history. The platform reaches $1.31 billion in revenue and $573 million in net profit. However, its crypto activity continues to lose groun
Robinhood has just recorded the best quarter in its history. The platform reaches $1.31 billion in revenue and $573 million in net profit. However, its crypto activity continues to lose ground.
Robinhood shows spectacular growth in the second quarter of 2026. Net revenues increase by 32% year-on-year. Profit climbs 48%. But the weakness already observed in the previous results of Robinhood persists: crypto trading still does not follow the general dynamic. Transaction revenues reach $776 million. They increase by 44% year-on-year. Options trading generates $342 million, up 29%.
Stocks do even better with a 95% increase, reaching $129 million. Net profit reaches $573 million, or $0.62 per diluted share. This result however includes an exceptional gain of $129 million from the deconsolidation of Robinhood Ventures Fund I. Even without this accounting contribution, the quarter remains clearly superior to that of the previous year.
The main weakness appears in cryptocurrencies. Robinhood generated only $100 million from crypto trading. The decline reaches 38% year-on-year. This is an embarrassing signal for a company that is multiplying investments in this sector. The drop is explained notably by the decrease in the value of digital assets and by a more moderate activity.
Customers are still trading cryptos. However, these operations bring much less to the platform than in the second quarter of 2025. The trend is not new. In the first quarter of 2026, crypto revenues had already fallen by 47%, to $134 million. Robinhood is therefore expanding its offering, adding assets and developing its infrastructure. Yet, the immediate profitability of this branch continues to decline.
Your 1st cryptos with CoinbaseThis link uses an affiliate program.Robinhood compensates for this weakness through other activities. Event-linked contracts generated $156 million. Their contribution has multiplied by more than ten in one year. Interest income has also risen by 9%, reaching $389 million. Net deposits set a new record at $21.7 billion. Assets on the platform increase by 32%, to $369 billion.
Average revenue per user increases by 24% and reaches $187. Customers are therefore not leaving Robinhood. They are simply using more products. This diversification accompanies a deeper transformation. With the launch of Robinhood Chain, the company wants to surpass its role as a broker. Its Ethereum-based network is meant to host tokenized assets, financial applications and automated trading tools.
The strategy is already paying off. Robinhood now counts thirteen activities each capable of producing more than $100 million in annualized revenue. This variety reduces its dependence on bitcoin cycles and other cryptocurrencies. However, it costs more and more. Operating expenses rise by 33% and reach $734 million.
Robinhood invests in technology, marketing, new services, and its international development. Its cash of $5.4 billion still gives it a significant margin. Robinhood thus proves it can break records without crypto’s help. This is both its best news and its main warning. The platform becomes stronger, but its blockchain bet still needs to produce sustainable revenue. The question will be particularly sensitive around Robinhood’s tokenized stocks, whose operation has already raised questions.
