Robinhood Reports Record $1.3 Billion Second-Quarter Revenue

Robinhood Markets reported record second-quarter revenue of $1.3 billion, marking a 32% increase year-over-year and a 48% rise in earnings. The company is actively diversifying its revenue streams to mitigate dependency on cryptocurrency trading, which saw volumes drop 38% to $100 million during the quarter.

Robinhood now operates 13 separate business lines that generate at least $100 million in annualized revenue each. These expansions include the Robinhood Legend trading application and a new credit card business. Transaction-based revenue grew by 44%, driven by increased activity in options, equities, and event contracts.

Other revenue streams rose 54% to $143 million, supported by a record 4.84 million Robinhood Gold subscribers. Total platform assets reached $369 billion. Retirement assets grew 82% to more than $34 billion, while banking deposits have exceeded $3 billion since the service launched in late 2025.