Robinhood Markets, Inc. reported financial results for the third quarter of 2026, which ended September 30, 2026. The company announced that total net revenue increased 12% year-over-year to $1.42 billion, marking a record high for the company.
Revenue was driven by transaction-based income, which rose 19% year-over-year to $867 million. Within this segment, options revenue increased 31% to $399 million, equities revenue increased 41% to $121 million, and event contracts revenue increased over 600% to $173 million. These gains were partially offset by a 55% decrease in cryptocurrency revenue to $120 million. Net interest revenues decreased 9% year-over-year to $415 million, while other revenues increased 61% to $142 million, driven by Trump Account service revenues and Robinhood Gold subscriptions.
Net income for the quarter decreased 14% year-over-year to $476 million, resulting in diluted earnings per share (EPS) of $0.51, a 16% decrease. The company reported Adjusted Net Income of $550 million and Adjusted EPS of $0.60, a 3% decrease year-over-year. Adjusted EBITDA increased 9% year-over-year to $808 million.
Robinhood reported that Funded Customers increased by 1.9 million, or 7%, year-over-year to 28.7 million. Total Platform Assets grew 19% year-over-year to $396 billion. Net Deposits were $15.7 billion, and the company noted that Net Deposits for October had already surpassed $13 billion month-to-date as of the report date. The company also highlighted that Robinhood Gold Subscribers reached a record 5.2 million.
In terms of operations, the company noted that Rothera reached over $100 million in annualized revenues in its first full quarter of operation. Additionally, the company announced it had received authorization from the Dubai Financial Services Authority to launch its product suite in the region in 2027.
Regarding its financial outlook for 2026, Robinhood stated that it is lowering the top end of its prior outlook for Adjusted Operating Expenses and Share-Based Compensation to a range of $2.675 to $2.75 billion. The company noted that this outlook does not include provision for credit losses or costs related to pending acquisitions.
