Robinhood Q3 2026 earnings miss as crypto revenue slumps and prediction markets surge
+1 new source since this summary was written
Robinhood Markets reported third‑quarter 2026 results on Oct. 27. Revenue was about $1.42 billion, while diluted EPS came in at $0.51, missing Wall Street forecasts. Crypto transaction revenue fell 55% year‑over‑year to $120 million, but event‑contract (prediction‑market) revenue rose to $173 million, offsetting the crypto decline. Operating expenses rose 16% to $739 million, and net income dropped 14% to $476 million.
Why it matters
The earnings miss drove the stock down roughly 7% in after‑hours trading. Analysts retained a strong‑buy consensus with a median price target of $139, indicating the miss may be a short‑term price pressure.
Key facts
- 1Q3 2026 revenue was $1.42 billion, up 12% YoY. cryptobriefing.com
- 2Diluted EPS was $0.51, down 16% YoY. cryptobriefing.com
- 3Crypto transaction revenue fell 55% YoY to $120 million. cryptobriefing.com
- 4Event‑contract revenue grew to $173 million, more than six times a year earlier. cryptobriefing.com
- 5Operating expenses increased 16% to $739 million. beincrypto.com
- 6Net income declined 14% to $476 million. cryptobriefing.com
Open questions
- EPS figures differ: reported $0.51 versus adjusted $0.60 in some reports.
Summary written by AlphAI AI Desk from 20 of 27 sources. Not investment advice. Figures are as stated by the linked sources.