Robinhood posts record $1.31 bn Q2 revenue as prediction markets outpace crypto

Robinhood Q2 2026 earnings prediction markets crypto revenue decline Robinhood Chain

Robinhood Markets reported its strongest quarter ever in Q2 2026, posting total net revenue of $1.31 billion, up 32 % year‑over‑year, and net income of $573 million, a 48 % increase, with diluted earnings per share of $0.62 beating the $0.43 analyst estimate. Transaction‑based revenue rose 44 % to $776 million, driven by a surge in prediction‑market (event‑contract) revenue to $156 million, more than ten‑fold higher than a year earlier and now larger than both crypto revenue and equity revenue. Crypto trading revenue fell 38 % to $100 million, while equities generated $129 million (up 95 %) and options $342 million (up 29 %). The company also launched its own blockchain, Robinhood Chain, to support tokenized U.S. stocks for eligible European users, introduced AI‑driven “Agentic Trading” tools, and expanded the Rothera prediction‑market exchange. Despite the earnings beat, Robinhood’s share price slipped about 3 %‑4 % in after‑hours trading. The firm announced a roughly 10 % workforce reduction toward the end of the quarter.

Entities: Kalshi · Prediction Markets · Robinhood Chain · Robinhood Markets · Robinhood Markets Inc. · Rothera · Shiv Verma · Vlad Tenev

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] Prediction‑market contract revenue was $156 million, more than ten times the prior year. (Robinhood Q2 results)
[DISPUTED] Robinhood's shares fell about 3% in extended trading after the earnings release. (Robinhood Q2 results)
[● 2 SOURCES] Equities revenue increased 95% year‑over‑year to $129 million. (Robinhood Q2 results)
[● 3 SOURCES] Crypto trading revenue fell 38% to $100 million compared with the same period last year. (Robinhood Q2 results)
[● 7 SOURCES] Robinhood's total revenue for Q2 2026 was $1.31 billion, up 32% year‑over‑year. (clm_62f86507-aea6-4a2f-aa1f-58ae898de5d5)
[○ 1 SOURCE] Robinhood laid off approximately 10% of its workforce toward the end of Q2 2026. (Robinhood Q2 results)
[● 2 SOURCES] Options revenue rose 29% year‑over‑year to $342 million. (Robinhood Q2 results)
[● 3 SOURCES] Net profit for Q2 2026 was $573 million. (c70889c1-de75-44c7-a06e-0ba90df27263, 3a92cf49-f4cb-4225-a152-f9b7b33aec03, 69b568d9-1747-4166-9e4c-793a9ee0eecb)
[● 3 SOURCES] Prediction‑market revenue reached $156 million, more than tenfold the prior year. (c70889c1-de75-44c7-a06e-0ba90df27263, 3a92cf49-f4cb-4225-a152-f9b7b33aec03, 69b568d9-1747-4166-9e4c-793a9ee0eecb)
[● 4 SOURCES] Robinhood reported Q2 2026 total revenue of $1.31 billion, up 32 % year‑over‑year. (c70889c1-de75-44c7-a06e-0ba90df27263, 52c29d22-5cb7-4780-baea-e1838d42f64a, 3a92cf49-f4cb-4225-a152-f9b7b33aec03, 75e015)
[● 2 SOURCES] Options revenue was $342 million, up 29 % year‑over‑year. (c70889c1-de75-44c7-a06e-0ba90df27263, 69b568d9-1747-4166-9e4c-793a9ee0eecb)
[● 4 SOURCES] Crypto trading revenue fell 38 % to $100 million, down from $160 million a year earlier. (c70889c1-de75-44c7-a06e-0ba90df27263, 52c29d22-5cb7-4780-baea-e1838d42f64a, 3a92cf49-f4cb-4225-a152-f9b7b33aec03, 75e015)