The brokerage reports $1.3 billion in Q2 revenue as diversification reduces reliance on crypto trading volumes.
Robinhood Markets (HOOD) now operates 13 business lines each generating over $100 million in annualized revenue, signaling a shift from crypto dependence. Q2 revenue rose 32% year over year to a record $1.3 billion, while earnings climbed 48% with a 57% adjusted operating margin.
Crypto trading volume fell 38% to $100 million, yet transaction-based revenue increased 44% driven by equities, options, and event contracts. Other revenues surged 54% to $143 million, supported by growth in Trump Account services and Robinhood Gold subscriptions.
Shares remain down 12% over the past year despite strong financial performance, reflecting investor caution amid broader market volatility.