- Robinhood’s first-quarter income rose 15% to $1.07 billion, however its crypto income fell 47% to $134 million.
- Cryptocurrency buying and selling quantity on the platform fell 48% year-on-year to $24 billion.
- Buying and selling income elevated 7% to $623 million, pushed by choices, fairness and occasion contracts.
Robinhood Markets, Inc. reported first-quarter 2026 income of $1.07 billion, a rise of 15% yr over yr. Nonetheless, cryptocurrency-related exercise declined sharply, weighing on efficiency.
Crypto income decreased 47% yr over yr from $252 million to $134 million. The notional buying and selling quantity of cryptocurrencies on apps fell by 48% to $24 billion. This decline was the weakest efficiency throughout Robinhood’s buying and selling traces.
The corporate missed Wall Avenue’s expectations, with adjusted earnings per share of $0.38 in comparison with expectations of $0.39. Gross sales additionally fell in need of expectations of $1.14 billion, and the inventory value fell about 8% in after-hours buying and selling after the announcement.
Crypto pullback hits key income drivers
Robinhood has lengthy benefited from retail crypto buying and selling, particularly throughout unstable value actions. In Q1, that tailwind reversed. Administration pointed to a broader shift away from reliance on cryptocurrency cycles.
CEO Vlad Tenev stated the corporate desires to deal with utilizing cryptocurrency rails as a monetary infrastructure, reasonably than discussing the value of Bitcoin.
The timing coincides with a downturn in digital belongings within the first quarter, when Bitcoin and the general cryptocurrency market fell sharply and retail buying and selling demand declined. Cheaper price volatility typically results in fewer trades, which immediately reduces buying and selling income for the dealer platform.
Different buying and selling divisions additionally develop
Regardless of the crypto drop, transaction-based income nonetheless grew 7% to $623 million. Choice revenue elevated 8% to $260 million, and inventory revenue elevated 46% to $82 million.
The strongest development got here from new merchandise. Different transaction income elevated 320% to $147 million, primarily pushed by forecasting and occasion contracts. Robinhood stated its customers traded a file 8.8 billion occasion contracts within the quarter.
Chief Monetary Officer Shiv Verma stated consumer exercise remained sturdy, including that inventory and choices buying and selling volumes in April have been on tempo to succeed in their highest month-to-month ranges to this point. He additionally stated internet deposits in April have been about $5 billion month-to-date.
Improve in belongings, deposits, and common purchases
The platform’s complete belongings reached $307 billion, a rise of 39% year-on-year. Web deposits have been $17.7 billion, representing an annual development charge of twenty-two%. Funded prospects elevated 6% to 27.4 million.
Web curiosity revenue elevated 24% to $359 million, exhibiting Robinhood continues to learn from its money balances and lending exercise.
Robinhood Gold’s income elevated 32% to $50 million. The variety of Gold members elevated 36% year-on-year to 4.3 million, a file excessive. The margin guide rose 93% to $17 billion, a file excessive.
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