Robinhood Q3: Revenue Hits $1.42B as Crypto Income Falls 55%

Robinhood's third-quarter 2026 revenue reached $1.42 billion, up 12% from a year earlier, while revenue from its crypto business fell 55% to about $120 million. Transaction-based revenue rose 19% to $867 million, helped by $173 million from event contracts, which pay $1 at settlement, and by options revenue rising 31% to $399 million. Net income was $476 million, down 14% and including $67 million of unrealized losses from valuing Robinhood Venture Fund 1's holdings at market, while operating expenses rose 16% to $739 million. Funded customers increased 7% to 28.7 million, platform assets rose 19% to $396 billion, and Robinhood launched crypto trading in the UK and received authorization from the Dubai Financial Services Authority, planning a 2027 rollout.