Jun 2026 (Q2 FY26) — Jul 29, 2026
Robinhood Q2 FY26 — Record Revenues, Net Deposits, and Gold Subscribers Driven by Product Velocity and Expense Discipline
Read the full callRobinhood (HOOD) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Robinhood earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,308 | +32.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 561 | +45.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
19 of 20 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Robinhood Gold Card annualized revenue reaching $100 million | Gold Card to reach the $100 million annualized revenue level in 2026 | Dec 2025 | we're now up to 13 businesses that have reached this level as we rapidly ship for customers, including 2 new more that we added just this quarter, Robinhood Legend and the Credit Card | Achieved |
| Full-year adjusted operating expenses plus share-based compensation | $2.6 billion to $2.725 billion | Dec 2025 | we're lowering and tightening our 2026 outlook for adjusted OpEx and SBC to a range of $2.675 billion to $2.775 billion | Revised Up |
| Annualized net deposit growth rate | another year of 20% plus net deposit growth | Dec 2025 | Record net deposits of $22 billion, which is a 28% annualized growth rate | On Track |
1 of Robinhood Markets, Inc.'s 31 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 28 more targets are in the full ledger.
Claimed
- Record revenues of $1.3 billion, up 32% year-over-year.
- Record net deposits of $22 billion, representing a 28% annualized growth rate.
- Record Gold subscribers of 4.8 million, with a 17% attach rate to net funded accounts.
- Adjusted EBITDA reached $741 million, up 35% year-over-year, with a 57% margin.
- Added nearly 1 million funded customers, the most in a quarter in nearly 5 years.
Qualified
- July net deposits tracking towards $4 billion, which is lower than the Q2 average, potentially indicating summer seasonality.
- Crypto trading volumes in July are tracking slower than Q2.
Price
$96.52 −2.38% · −$2.35
Performance −25.7% 1Y
1Y: $129.91 on 17 Oct 2025 → $96.52. High $147.08 (3 Nov 2025), low $65.16 (30 Mar 2026).
- Previous close
- $98.87
- 52-week range
- $65.16 – $147.08
- One year
- −28.92%
Overview
- Symbol
- HOOD
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
19 of 20 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Robinhood Gold Card annualized revenue reaching $100 million | Gold Card to reach the $100 million annualized revenue level in 2026 | Dec 2025 | we're now up to 13 businesses that have reached this level as we rapidly ship for customers, including 2 new more that we added just this quarter, Robinhood Legend and the Credit Card | Achieved |
| Full-year adjusted operating expenses plus share-based compensation | $2.6 billion to $2.725 billion | Dec 2025 | we're lowering and tightening our 2026 outlook for adjusted OpEx and SBC to a range of $2.675 billion to $2.775 billion | Revised Up |
| Annualized net deposit growth rate | another year of 20% plus net deposit growth | Dec 2025 | Record net deposits of $22 billion, which is a 28% annualized growth rate | On Track |
Claimed
- Record revenues of $1.3 billion, up 32% year-over-year.
- Record net deposits of $22 billion, representing a 28% annualized growth rate.
- Record Gold subscribers of 4.8 million, with a 17% attach rate to net funded accounts.
- Adjusted EBITDA reached $741 million, up 35% year-over-year, with a 57% margin.
- Added nearly 1 million funded customers, the most in a quarter in nearly 5 years.
Qualified
- July net deposits tracking towards $4 billion, which is lower than the Q2 average, potentially indicating summer seasonality.
- Crypto trading volumes in July are tracking slower than Q2.
The full ledger
Open Robinhood Markets, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 31 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Robinhood Q1 FY26 — Strong Product Velocity and Strategic Expansion Drive Growth
Read the full callDec 2025 (Q4 FY25) — Feb 10, 2026
Robinhood Q4 FY25 — Record Growth and Accelerated Product Velocity
Read the full callEvery analysed call
Robinhood earnings calls (HOOD)
Financials
What the filings say
Net profit, year on year: +45% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 637 | 1,014 | 927 | 989 | 1,274 | 1,283 | 1,067 | 1,308 |
| Profit before tax | 153 | 558 | 371 | 442 | 634 | 661 | 411 | 709 |
| Tax rate | 2.0% | −64.2% | 9.4% | 12.7% | 12.3% | 8.5% | 15.8% | 19.2% |
| Net profit | 150 | 916 | 336 | 386 | 556 | 605 | 350 | 561 |
| EPS ($ per share) | 0.17 | — | 0.38 | 0.44 | 0.63 | — | 0.39 | 0.62 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | — | — | — | — | — |
| Reserves | — | -190 | -3,877 | -4,905 | -5,446 | -4,035 | -2,152 |
| Total liabilities | — | 8,864 | 12,476 | 16,381 | 10,928 | 18,215 | 28,986 |
| Fixed assets | — | 46 | 146 | 146 | 120 | 139 | 154 |
| Total assets | — | 10,988 | 19,769 | 23,337 | 17,624 | 26,187 | 38,137 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 1,260 | 1,876 | -885 | -852 | 1,181 | -157 | 1,638 |
| Cash from investing | -12 | -32 | -238 | -60 | -582 | -148 | 141 |
| Cash from financing | 375 | 1,276 | 5,203 | 0 | -610 | -345 | -590 |
| Net cash flow | 1,623 | 3,120 | 4,080 | -913 | -11 | -651 | 1,198 |
| Capital expenditure | -7 | -24 | -63 | -28 | — | — | — |
| Free cash flow | 1,253 | 1,852 | -948 | -880 | — | — | — |
HOOD revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Transaction Based Revenues | 50% | — | 63% | 55% | 57% | 60% | 58% | 59% | +44.0% |
| Options | 32% | 22% | 26% | 27% | 24% | 24% | 24% | 26% | +29.1% |
| Event Contracts | — | — | — | — | — | — | 10% | 12% | — |
| Financial Service Other | 7% | 5% | 6% | 9% | 7% | 7% | 8% | 11% | +53.8% |
| Equities | 6% | 6% | 6% | 7% | 7% | 7% | 8% | 10% | +95.5% |
| Cryptocurrencies | 10% | 35% | 27% | 16% | 21% | 17% | 13% | 8% | -37.5% |
| Robinhood Gold Subscription Revenues | — | — | 4% | 4% | 4% | — | 5% | 4% | +22.7% |
| Other Transaction Based Revenues | 3% | 3% | 4% | 5% | 6% | 11% | 4% | 4% | +2.1% |
| Other Revenue | 1% | — | 1% | 1% | 3% | 3% | 3% | 4% | +261.5% |
| Proxy Revenues | 1% | — | 1% | 4% | 1% | 1% | 1% | 3% | +16.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
HOOD operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Paid subscribers | 3.2MGold subscribers nearly doubling year-over-year to 3.2 million as of the end of the quarter and actually now 3.3 million in April.Source: earnings call transcript | 3.5MAnd for Robinhood Gold, we grew it to 3.5 million subscribers.Source: earnings call transcript | 3.9MGold subscribers up to a record 3.9 million, and that's 14-plus percent adoption when you look at the overall net account base, and it's nearly 40% for customers that joined in quarter, our new customers.Source: earnings call transcript | 4.2MIn Robinhood Gold, that also grew 58% to a record 4.2 million subscribers.Source: earnings call transcript | 4.3MGold subscribers, 36% year-over-year growth to a record 4.3 million, and that's 16% attach rate relative to the total customer base and 40% of new customers in Q1.Source: earnings call transcript | 4.8MRecord net deposits of $22 billion, which is a 28% annualized growth rate and record Gold subscribers of 4.8 million, which is now 17% attach rate relative to our net funded accounts.Source: earnings call transcript | +11.6% |
| Assets under custody (AUC) Retirement | — | $20B+Retirement assets are now over $20 billion, over $20 billion in assets.Source: earnings call transcript | $25B+On the long-term money side, retirement, now up over $25 billion, which more than doubled in the past year.Source: earnings call transcript | — | — | — | — |
| Assets under management (AUM) Robinhood Strategies | — | $500M+We've grown that by multiples, now over 100,000 funded customers and over $0.5 billion in assets.Source: earnings call transcript | $1B+And Robinhood Strategies, which we just launched in March, now has over $1 billion in assets and is one of the fastest-growing digital advisers.Source: earnings call transcript | — | $1.5B+That's our robo-like product that has over $1.5 billion.Source: earnings call transcript | — | — |
| Robinhood Gold Card cardholders | — | — | 500K+On the banking front, Robinhood Gold Card, now over 0.5 million cardholders with over $8 billion in annual spend.Source: earnings call transcript | 600KRobinhood Gold Card, up over 5x in 2025 to 600,000 customers.Source: earnings call transcript | 800K+Okay, Gold credit cards have also surpassed 800,000 customers with annualized purchase volume, APV, of $15 billion.Source: earnings call transcript | 1MWe also crossed an exciting milestone for the Robinhood Gold Card, 1 million cardholders.Source: earnings call transcript | — |
| Net new assets | — | — | $20B+And as a result of all this, great business results in Q3, revenues up over 100% year-over-year to a record of nearly $1.3 billion, record net deposits in the quarter, over $20 billion.Source: earnings call transcript | $16BNet deposits continue to be robust with over -- with $16 billion of net deposits in Q4.Source: earnings call transcript | $18BNet deposits were $18 billion, which is another quarter of 20%-plus annualized net deposit growth and our third highest ever.Source: earnings call transcript | $22BRecord net deposits of $22 billion, which is a 28% annualized growth rate and record Gold subscribers of 4.8 million, which is now 17% attach rate relative to our net funded accounts.Source: earnings call transcript | +22.2% |
| Assets under custody (AUC) | — | — | $300B+As Vlad said, I've been here a little over 7 years, and I've seen the company scale from a couple of million customers and a few billion assets to now 27 million customers and over $300 billion in assets globally.Source: earnings call transcript | $324BSo total platform assets grew nearly 70% year-over-year to $324 billion.Source: earnings call transcript | — | — | — |
| Funded customers Robinhood Banking | — | — | — | 25K+Strong early results with our initial over 25,000 funded customers, who have brought in over $400 million in balances.Source: earnings call transcript | 125K+Over 125,000 funded customers.Source: earnings call transcript | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
367 filings between Oct 21, 2025 and Oct 5, 2026.
Open market
decisions to buy or sellPurchases
$55.31M
3 purchases by 1 insider
Sales
$663.22M
258 sales by 10 insiders
98% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 24
- Award — granted as compensation
- 43
- Option exercise — converted options into shares
- 18
- Tax withheld — shares kept back by the company to cover tax
Also filed: 18 conversions, 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Bhatt Baiju | — | $314.59M | Sep 10, 2026 |
| Tenev Vladimir | — | $220.73M | Oct 5, 2026 |
| Malka Meyer | $55.31M | — | Jun 5, 2026 |
| Warnick Jason | — | $50.48M | Feb 9, 2026 |
| Gallagher Daniel Martin Jr | — | $36.27M | Oct 5, 2026 |
| Quirk Steven M. | — | $24.88M | Sep 3, 2026 |
| RUBINSTEIN JONATHAN | — | $5.61M | Nov 11, 2025 |
| Pinner Jeffrey Tsvi | — | $4.77M | Apr 27, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 5, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 4,800 | $543.7K |
| Oct 5, 2026 | Tenev Vladimir Chief Executive Officer | Sale 10b5-1 plan | 158,911 | $17.99M |
| Oct 5, 2026 | Tenev Vladimir Chief Executive Officer | Conversion 10b5-1 plan | 375,000 | — |
| Oct 5, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 4,700 | $535.8K |
| Oct 5, 2026 | Tenev Vladimir Chief Executive Officer | Sale 10b5-1 plan | 193,897 | $22.10M |
| Oct 5, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 500 | $57.5K |
| Oct 5, 2026 | Tenev Vladimir Chief Executive Officer | Sale 10b5-1 plan | 22,192 | $2.55M |
| Oct 1, 2026 | Treseder Oluwadara Johnson Director | Option exercise | 822 | — |
| Oct 1, 2026 | Loop Paula Director | Option exercise | 822 | — |
| Oct 1, 2026 | Bhatt Baiju Director | Option exercise | 822 | — |
| Oct 1, 2026 | RUBINSTEIN JONATHAN Director | Option exercise | 822 | — |
| Oct 1, 2026 | Malka Meyer Director | Option exercise | 822 | — |
| Oct 1, 2026 | Zoellick Robert B. Director | Option exercise | 822 | — |
| Sep 30, 2026 | SEGAL SUSAN Director | Award | 216 | — |
| Sep 30, 2026 | Malka Meyer Director | Award | 144 | — |
| Sep 30, 2026 | Payne Christopher D Director | Award | 211 | — |
| Sep 30, 2026 | RUBINSTEIN JONATHAN Director | Award | 333 | — |
| Sep 30, 2026 | Bhatt Baiju Director | Award | 111 | — |
| Sep 30, 2026 | Hegeman John William Director | Award | 144 | — |
| Sep 22, 2026 | Tenev Vladimir Chief Executive Officer | Sale 10b5-1 plan | 239,532 | $30.02M |
| Sep 22, 2026 | Tenev Vladimir Chief Executive Officer | Conversion 10b5-1 plan | 240,834 | — |
| Sep 22, 2026 | Tenev Vladimir Chief Executive Officer | Sale 10b5-1 plan | 1,302 | $164.2K |
| Sep 21, 2026 | Tenev Vladimir Chief Executive Officer | Sale 10b5-1 plan | 11,030 | $1.39M |
| Sep 21, 2026 | Tenev Vladimir Chief Executive Officer | Conversion 10b5-1 plan | 259,166 | — |
| Sep 21, 2026 | Tenev Vladimir Chief Executive Officer | Sale 10b5-1 plan | 248,136 | $31.15M |
| Sep 15, 2026 | Verma Shiv Chief Financial Officer | Sale 10b5-1 plan | 6,032 | $665.1K |
| Sep 15, 2026 | Verma Shiv Chief Financial Officer | Sale 10b5-1 plan | 1,851 | $202.2K |
| Sep 15, 2026 | Verma Shiv Chief Financial Officer | Sale 10b5-1 plan | 300 | $31.9K |
| Sep 15, 2026 | Verma Shiv Chief Financial Officer | Sale 10b5-1 plan | 1,289 | $143.2K |
| Sep 15, 2026 | Verma Shiv Chief Financial Officer | Sale 10b5-1 plan | 1,800 | $201.9K |
| Sep 15, 2026 | Verma Shiv Chief Financial Officer | Sale 10b5-1 plan | 200 | $22.6K |
| Sep 10, 2026 | Bhatt Baiju Director | Sale 10b5-1 plan | 15,984 | $1.82M |
| Sep 10, 2026 | Bhatt Baiju Director | Sale 10b5-1 plan | 18,889 | $2.16M |
| Sep 10, 2026 | Bhatt Baiju Director | Sale 10b5-1 plan | 6,000 | $693.2K |
| Sep 10, 2026 | Bhatt Baiju Director | Conversion 10b5-1 plan | 43,373 | — |
| Sep 10, 2026 | Bhatt Baiju Director | Sale 10b5-1 plan | 100 | $11.6K |
| Sep 10, 2026 | Bhatt Baiju Director | Sale 10b5-1 plan | 2,400 | $270.7K |
| Sep 8, 2026 | Treseder Oluwadara Johnson Director | Sale 10b5-1 plan | 1,875 | $234.4K |
| Sep 3, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 100 | $11.3K |
| Sep 3, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 100 | $11.6K |
| Sep 3, 2026 | Quirk Steven M. Chief Brokerage Officer | Sale 10b5-1 plan | 812 | $101.2K |
| Sep 3, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 200 | $23.4K |
| Sep 3, 2026 | Quirk Steven M. Chief Brokerage Officer | Sale 10b5-1 plan | 800 | $97.4K |
| Sep 3, 2026 | Quirk Steven M. Chief Brokerage Officer | Sale 10b5-1 plan | 3,599 | $442.6K |
| Sep 3, 2026 | Quirk Steven M. Chief Brokerage Officer | Sale 10b5-1 plan | 2,700 | $334.5K |
| Sep 3, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 300 | $35.5K |
| Sep 3, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 900 | $107.6K |
| Sep 3, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 400 | $48.3K |
| Sep 3, 2026 | Gallagher Daniel Martin Jr Chief Legal Officer | Sale 10b5-1 plan | 800 | $97.3K |
| Sep 3, 2026 | Quirk Steven M. Chief Brokerage Officer | Sale 10b5-1 plan | 2,397 | $271.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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