
Robinhood reported record second-quarter trading activity as options and event contracts drove growth, while crypto revenue fell 38% and the company outlined longer-term AI, tokenization and market-access ambitions.
Robinhood said trading volumes hit all-time highs across equities, options and prediction markets in the second quarter of 2026. Event contracts generated $156 million in revenue, up more than tenfold from a year earlier, making prediction markets the company’s second-largest disclosed trading category behind options and ahead of equities and crypto. Options revenue reached $342 million, while crypto revenue fell 38% to $100 million, reducing crypto to 12.9% of transaction-based revenue. Total net revenue rose 32% year on year to $1.31 billion, while transaction-based revenue increased 44% to $776 million. CEO Vlad Tenev said Robinhood sees a path to much larger scale through initiatives including Agentic Finance, tools for AI agents, Robinhood Chain, broader access to U.S. assets and private markets, and argued the company could eventually reach a $1 trillion market value. CFO Shiv Verma said Robinhood believes it can grow the business 10-fold over the next decade.