USDRobinhood Posts Record Quarter as Prediction Markets Outpace Crypto
Event contracts become a leading revenue stream while crypto transaction revenue declines
TL;DR
- Robinhood posted record quarterly revenue and net income as transaction-based revenue increased across several product lines.
- Prediction-market event contracts generated more revenue than cryptocurrency or equities trading during the quarter.
- Crypto transaction revenue declined even as Bitstamp expanded Robinhood’s trading volume and the company launched new blockchain products.
Trade smarter on Jupiter, Solana’s leading DEX built for fast execution and deep liquidity.
Swap tokens at competitive rates, route across multiple liquidity sources automatically, and access perpetuals, DCA, and advanced trading tools — all in one place!
Robinhood reported record second-quarter 2026 revenue and earnings on July 29, as rapid growth in prediction markets outweighed a sharp decline in cryptocurrency transaction revenue. Event contracts became a larger revenue source than both crypto and equities trading, while Robinhood continued expanding through Bitstamp, Robinhood Chain, tokenized stocks and decentralized lending.
Total net revenue rose 32% year over year to $1.31 billion. Net income increased 48% to $573 million, while transaction-based revenue climbed 44% to $776 million.
Chief Financial Officer Shiv Verma said the company reached new highs across several trading categories. “We delivered record revenues and drove new highs across equity, option, and event contract volumes, as we continue to win market share,” Verma said.
Prediction markets surpass crypto and equities revenue
Prediction-market event contracts produced the most revenue among the three disclosed trading categories. The quarterly comparison showed how quickly the business expanded after Robinhood entered event contracts through election-related products and later established a dedicated prediction-markets hub.
Event contracts exceeded equities revenue by $27 million and crypto transaction revenue by $56 million. Prediction-market revenue was about 21% higher than equities revenue and 56% higher than crypto revenue.
The three categories generated a combined $385 million, representing about 49.6% of transaction-based revenue. Crypto accounted for approximately 12.9% of that total, event contracts represented about 20.1%, and equities contributed approximately 16.6%. Other transaction products, including options, made up the remaining revenue.
Robinhood entered prediction markets in October 2024 with contracts tied to the U.S. presidential election. The company launched a dedicated prediction-markets hub in March 2025, turning event contracts into an ongoing product category rather than an election-specific offering.
Robinhood sources event contracts from Kalshi and ForecastEx, the event-contract market operated by Interactive Brokers. The company added its own regulated infrastructure in June 2026 with the launch of Rothera, a Commodity Futures Trading Commission-licensed exchange and clearinghouse independently managed through a joint venture with Susquehanna International Group.
We’ve launched the all-new COIN360 Perp DEX, built for traders who move fast!
Trade 130+ assets with up to 100× leverage, enjoy instant order placement and low-slippage swaps, and earn USDC passive yield while climbing the leaderboard. Your trades deserve more than speed — they deserve mastery.
Bitstamp drives more than half of crypto volume
Robinhood recorded $40 billion in total crypto notional trading volume during the quarter. Bitstamp generated the majority of that activity after becoming part of Robinhood’s consolidated crypto operation.
Bitstamp processed approximately $4 billion more crypto volume than the Robinhood app. Robinhood acquired the global crypto exchange in June 2025, expanding its international and institutional digital-asset operations.
The trading-volume figures and transaction-revenue figures measure different parts of the business. Robinhood’s combined crypto volume remained substantial after the Bitstamp acquisition even though the revenue generated from cryptocurrency transactions declined from the prior-year quarter.
Robinhood also completed its acquisition of WonderFi, a Canadian crypto platform, and said it plans to broaden its crypto products in the United Kingdom.
Robinhood Chain expands the company’s onchain business
Robinhood launched the public mainnet of Robinhood Chain earlier in July 2026. The Layer 2 network uses the Arbitrum technology stack and went live with ecosystem partners including Uniswap.
Robinhood Chain held approximately $325 million in total value locked as of Tuesday, July 28, 2026. Decentralized exchanges operating on the network had processed more than $12 billion in trading volume since launch.
Chief Executive Officer Vlad Tenev said the blockchain had seen “great initial traction.” He also pointed to its early transaction count.
“It was also the fastest chain to get 100 million transactions. I think we’re well north of 150 million transactions at this point,” Tenev said during the earnings call.
The disclosed decentralized-exchange volume was approximately 37 times the network’s reported total value locked. Trading volume measures cumulative activity, while total value locked reflects assets held within decentralized applications on the network.
Robinhood also introduced tokenized U.S. stocks to eligible users across more than 120 countries. The product extended access to blockchain-based representations of traditional equities through Robinhood’s international platform.
The company launched Robinhood Earn, its first decentralized lending product, adding another onchain service alongside centralized crypto trading, tokenized securities and decentralized exchange activity.
Agentic Trading reaches nearly 100,000 accounts
Nearly 100,000 customer accounts enrolled in Robinhood’s Agentic Trading product. Those accounts represented more than $100 million in assets under custody.
The figures imply an average of more than approximately $1,000 in custody per enrolled account, although individual account balances may differ.
Robinhood shares fell approximately 3.15% during regular trading before the earnings release. The stock declined about 3% after hours to $86.89 following the results.
This article has been refined and enhanced by ChatGPT.
