Robinhood Markets reported weaker core earnings due to lower net revenue, triggering a 39% decline in its stock performance.
Robinhood Markets (NASDAQ:HOOD) fell after reporting weaker core earnings in Q1 2026, driven by a decline in net revenue. The company’s shares closed at $100.28 on June 30, 2026, reflecting a 39% pullback following the results.
The company, which operates a trading platform for stocks, ETFs, and cryptocurrencies, has a market capitalization of $90.30 billion. Over the past month, its shares rose 21.04%, though they gained just 2.35% over the past 52 weeks.
Management maintained a constructive outlook for 2026, expecting revenue growth to outpace expense growth. Investors had reduced positions ahead of Q4 earnings, according to TimesSquare Capital’s Q1 2026 investor letter.