Back

Robinhood Q1 2026 Revenue Rises 15% to $1.07 Billion as Crypto Revenue Falls 47%

According to Robinhood’s first-quarter 2026 results, revenue rose to $1.07 billion while crypto revenue fell to $134 million, and weaker digital-asset trading appeared to pressure shares in after-hours trading.

ETH
HYPE

Fact Check
The claim’s core financial figures are directly supported by Robinhood Reports First Quarter 2026 Results, which says Q1 2026 total net revenues were $1.07 billion, up 15% year over year, and cryptocurrency revenues were $134 million, down 47%. Event Details and Welcome, Robinhood Investors corroborate that these are Robinhood’s official Q1 2026 materials released on April 28, 2026. The official RobinhoodApp X post confirms the results release. The statement that shares fell about 7% in after-hours trading is corroborated by the Watcher.Guru X post, and similar figures also appeared in other tool-returned X posts, though those are less authoritative than the company filings. Overall, the evidence strongly supports the claim.
Summary

Robinhood reported first-quarter 2026 revenue of $1.07 billion, up 15% year over year, while diluted EPS rose 3% to $0.38. Net deposits totaled $17.7 billion, representing a 22% annualized growth rate, and total platform assets increased 39% to $307 billion. In crypto, Robinhood reported $134 million in revenue and $24 billion in in-app notional trading volume, down 47% and 48% year over year, respectively. Robinhood also said its Ethereum Layer 2 blockchain has processed more than 100 million transactions. The company released the results after the U.S. market closed, in the early hours of April 29 Beijing time. After the earnings release, Robinhood shares fell in after-hours trading, with one source citing a 7% decline and another saying the stock dropped more than 6% to $76.99. A source also said Hyperliquid outpaced Robinhood in crypto trading revenue, but no comparable Hyperliquid figure or timeframe was provided in the supplied text.

Terms & Concepts
  • Crypto revenue: Income generated from cryptocurrency-related business lines, often including trading fees or transaction-based activity on a platform.
  • Diluted EPS: Diluted earnings per share measures profit allocated to each share after including securities that could convert into additional shares.
  • Notional volume: The total face value of trades executed, used to measure trading activity rather than net profit or cash settlement amounts.