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Robinhood posts $100 million in Q2 crypto revenue, topping estimates

Robinhood posts $100 million in Q2 crypto revenue, topping estimates

Record second-quarter revenue and profit beat estimates, but crypto transaction revenue fell 38% as event contracts became Robinhood’s largest transaction-revenue category and several banks cut price targets the next day.

Fact Check
The official Robinhood Q2 2026 release confirms crypto transaction revenue fell 38% YoY while record total revenues were supported by other business lines (options, equities, event contracts, subscriptions). Independent coverage (CoinNess/BeInCrypto) specifies crypto revenue of $100M, above the ~$86.6M estimate, consistent with the claim. Pre-earnings sources confirm the estimate (~$83.5-86.6M) and shares falling before July 29 results. All claim elements—$100M crypto revenue, topping estimates, YoY decline, support from other business lines, July 29 timing—are corroborated. Slight uncertainty remains because the official release states the percentage decline but not the exact $100M dollar figure directly.
Summary

Robinhood Markets reported record second-quarter revenue of $1.31 billion, diluted earnings per share of $0.62 and net income of $573 million, beating estimates even as crypto transaction revenue fell 38% to $100 million. Total crypto notional volume reached $40 billion, while event-contract revenue climbed to $156 million, overtaking crypto as equities and options also posted strong gains. On Thursday, one day after the results, Goldman Sachs, Barclays and Jefferies lowered their price targets on Robinhood, highlighting softer crypto performance despite the broader earnings beat.

Terms & Concepts
  • event contracts: Prediction-market style derivatives tied to the outcome of specific events, offered by Robinhood through affiliated derivatives infrastructure and partner designated contract markets.
  • Robinhood Chain: Robinhood’s blockchain network, described by the company as a permissionless, AI-native Ethereum Layer 2 for financial services and real-world assets.
  • perpetual futures: Derivatives contracts with no expiry date that let traders maintain positions continuously.