Robinhood reported third-quarter revenue of $1.42 billion, falling short of the $1.43 billion expected by Wall Street. Earnings per share reached $0.51, missing the projected $0.55 and declining from $0.61 a year ago. Net income totaled $476 million, a 14% decrease from the previous year.
Crypto trading revenue grew to $120 million from $100 million in the second quarter, though it remains 55% lower than the $268 million recorded in the third quarter of 2025. Total crypto trading volume for the quarter reached $50 billion, with $21 billion processed via the app and $29 billion through Bitstamp.
The company's event contracts generated $173 million, up from $156 million in the previous quarter. Customers traded a record 16.4 billion of these contracts. Additionally, Robinhood Chain, a layer-2 network launched on July 1, generated approximately $3.13 million in fees over a 30-day period ending in August.
Robinhood announced a partnership with Ripple to integrate the RLUSD stablecoin into its chain and Bitstamp. Ripple will also provide treasury software and lending services. Meanwhile, the company narrowed its 2026 outlook for adjusted operating expenses and stock-based compensation to a range of $2.675 billion to $2.75 billion.
