Robinhood Q2 net revenue of $1.31 billion beats expectations, full-year expense guidance lowered

Robinhood released its Q2 2026 financial report, with net revenue of $1.31 billion, a 32% increase year-over-year, surpassing the analyst consensus of $1.28 billion; net profit was $573 million, up 48% year-over-year; diluted earnings per share were $0.62, also up 48% year-over-year.

The report shows Robinhood's adjusted EBITDA reached $741 million, a 35% year-over-year increase, exceeding market expectations of $629 million. The company's net deposits hit a record high of $21.7 billion. Gold subscription users grew to 4.8 million, a 39% increase year-over-year.

In terms of business segments, Robinhood's cryptocurrency revenue was $100 million, above the market estimate of $86.6 million; options revenue was $342 million, up 29% year-over-year; average revenue per user (ARPU) reached $187, a 24% increase year-over-year.

The company expects full-year 2026 adjusted operating expenses and stock-based compensation to be between $2.675 billion and $2.775 billion, lower than previous guidance and market expectations. During the period, Trump account registrations exceeded 7 million, with deposits approaching $1.5 billion. The Robinhood Chain mainnet went live, the company obtained a Singapore Capital Markets Services license, and completed the acquisition of WonderFi.

Following the earnings release, Robinhood's stock rose approximately 4% in after-hours trading.