HOOD stock: Robinhood misses Q3 profit forecast as crypto revenue drops
Robinhood made a record $1.42 billion in revenue, but earnings of $0.51 a share missed forecasts and crypto revenue fell 55% from a year ago.
Evento: 27 de outubro de 2026
Fonte primária: 27 de outubro de 2026
Publicado aqui: 27 de outubro de 2026 às 20:57 UTC
Ler: 2 min
O que aconteceu
On 27 October Robinhood reported Q3 2026 results. Revenue rose 12% to a record $1.42 billion. Net income fell 14% to $476 million, or $0.51 a share. Decrypt says analysts expected $0.55 and about $1.43 billion in revenue. The stock slipped after the close.
Por que importa para você
Robinhood depends less on crypto now. Crypto revenue fell 55% to $120 million. Prediction markets (event contracts) brought in $173 million, more than 6 times a year ago. Gold subscribers reached 5.2 million and platform assets $396 billion.
O que conferir e observar
Whether prediction markets keep growing, whether crypto volumes come back, and costs: the 2026 expense plan was narrowed to $2.675-2.75 billion. This is not advice to buy or sell.
What happened. Robinhood published Q3 2026 results on 27 October after the market closed. Revenue was $1.42 billion, a record and up 12% from a year ago. Transaction revenue rose 19% to $867 million. Net income was $476 million, down 14%. Diluted earnings per share were $0.51 (down 16%), adjusted $0.60 (down 3%).
Expectations. Decrypt says analysts expected $0.55 a share and about $1.43 billion in revenue. It notes the profit included a $67 million unrealized loss on Robinhood Ventures Fund I. The stock closed at about $94.61 and slipped after hours. It is down about 18% this year.
Crypto and prediction markets. Crypto revenue was $120 million, down 55% from a year earlier. Decrypt puts crypto trading volume at $50 billion, down 38%, with $29 billion of it on Bitstamp. Event contracts, bets on the outcome of sports, politics and the economy, made $173 million. That is more than 6 times a year ago. Customers traded a record 16.4 billion contracts.
Customers. Funded customers reached 28.7 million, up 7%. Paying Gold subscribers hit 5.2 million, up 34%. Platform assets were $396 billion, up 19%. Net deposits for the quarter were $15.7 billion.
Costs. The company narrowed its 2026 plan for adjusted operating expenses plus stock-based pay to $2.675-2.75 billion, cutting the top end by $25 million. It bought back $25 million of its own stock in the quarter.
Keep in mind. Quarterly results show the past, not the future. After-hours moves can change in the main session. This is not advice to buy or sell.
Fatos confirmados
- Q3 2026 revenue was $1.42 billion, a record, up 12% year over year.[1][2]
- Net income was $476 million (down 14%), diluted EPS $0.51, adjusted EPS $0.60.[1][2]
- Analysts expected $0.55 a share and about $1.43 billion in revenue.[2]
- Crypto revenue was $120 million, down 55% year over year.[1][2]
- Event contracts made $173 million, more than 6 times a year ago; customers traded 16.4 billion contracts.[1][2]
- Gold subscribers 5.2 million (up 34%), platform assets $396 billion (up 19%), net deposits $15.7 billion.[1]
- The 2026 expense plan was narrowed to $2.675-2.75 billion.[1][2]
- Shares closed at about $94.61 and slipped after hours.[2]
Implicações
- ConfirmadoPrediction markets already earn Robinhood more than crypto.
- Nossa leituraWeak crypto remains the main drag on the company's profit.
- Nossa leituraFast growth in prediction markets may draw more attention from regulators.
Ainda não se sabe
- How the stock trades in the main session on 28 October.
- What management expects for Q4: the release gives no revenue forecast.
Quem é afetado
United States, Worldwide. People who follow HOOD stock, crypto exchanges and prediction markets
Fontes
- Robinhood Markets (SEC filing): Robinhood Reports Third Quarter 2026 Results 27 de outubro de 2026 · oficial
- Decrypt: Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow 27 de outubro de 2026 · mídia
Capa: Gráfico de Freekonomist, uma imagem simbólica, não uma foto do evento. Este é um explicador de notícia, não recomendação financeira.
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