Robinhood Crypto Revenue Plunges 55% in Q3 Despite Record $1.42B Overall Revenue

Record Overall Revenue, But Not for Crypto

Robinhood Markets (Nasdaq: HOOD) reported a 55% year-over-year diminution successful cryptocurrency transaction gross to $120 cardinal during the 3rd 4th of 2026, highlighting continued weakness successful its crypto trading concern contempt broader maturation crossed the fiscal services platform.

According to its Oct. 27 net report, cryptocurrency trading volumes fell 38% year-over-year to $50 billion, including $21 cardinal done the Robinhood app and $29 cardinal done Bitstamp, the cryptocurrency speech acquired by Robinhood successful June 2025. Those figures represented respective declines of 48% and 28%.

The downturn contrasted with the company’s wide fiscal performance. Total gross climbed 12% year-over-year to a grounds $1.42 billion, portion transaction-based gross accrued 19% to $867 million. Net income declined 14% to $476 million, with diluted net per stock falling 16% to $0.51. Analysts were expecting astir $0.56 per share.

Options trading generated $399 cardinal successful revenue, up 31%, portion equities gross accrued 41% to $121 million. Prediction markets continued their accelerated expansion, generating $173 cardinal successful lawsuit contracts revenue, much than six times the year-earlier figure.

The crypto diminution followed akin weakness successful the 2nd quarter, erstwhile Robinhood reported $100 cardinal successful cryptocurrency revenue, down 38% year-over-year, arsenic previously reported by Bitcoin.com News. Despite the yearly decline, third-quarter crypto gross represented a 20% sequential improvement.

Robinhood’s Crypto Moves Add Up

Meanwhile, Robinhood’s blockchain ambitions continued to advance. The institution reported that Robinhood Chain, its Ethereum Layer 2 web built utilizing Arbitrum technology, generated much than $80 cardinal successful decentralized speech trading measurement and implicit $50 cardinal successful web fees during its archetypal 4th operating connected mainnet.

Bitcoin.com News reported earlier this month that Robinhood Chain had surpassed $100 cardinal successful cumulative trading measurement wrong astir 3 and a fractional months of its July 1 launch, concisely outpacing the Coinbase-backed Base web successful 30-day decentralized speech activity.

The network, designed to enactment tokenized stocks and different fiscal assets, has go a cardinal constituent of Robinhood’s broader propulsion into blockchain-based fiscal services. However, web trading measurement and fees bash not straight construe into an equivalent magnitude of gross recognized by Robinhood.

The institution besides expanded its planetary cryptocurrency operations during the quarter, launching crypto trading successful the United Kingdom and securing authorization from the Dubai Financial Services Authority to connection trading and custody services. Robinhood expects to statesman rolling retired products successful Dubai successful 2027.

Separately, Robinhood announced a concern with Ripple connected Tuesday that volition bring the RLUSD stablecoin to its retail trading app aboriginal this year. The statement besides covers organization colony utilizing the XRP Ledger, integration of Ripple’s treasury absorption technology, and expanded trading services done Bitstamp.

Robinhood has besides accrued its nonstop vulnerability to integer assets. Earlier this month, the company’s crypto chief, Johann Kerbrat, confirmed a $25 cardinal bitcoin allocation to its firm holdings, describing the concern arsenic a diversification measure.

Beyond crypto, prediction markets person emerged arsenic an progressively important maturation driver. Robinhood said that the Rothera derivatives exchange—which Robinhood jointly invested successful alongside Susquehanna International Group—exceeded $100 cardinal successful annualized gross during its archetypal afloat quarter, processing much than 6.4 cardinal contracts since launch. The institution besides precocious expanded its prediction markets partnerships, taking number stakes successful Crypto.com and its prediction markets spinoff, OG.com.

Robinhood ended the 3rd 4th with 28.7 cardinal funded customers, up 7% year-over-year, portion full level assets climbed 19% to $396 billion. Robinhood Gold subscriptions reached a grounds 5.2 million.

The results underscore a increasing divergence wrong Robinhood’s business: portion cryptocurrency trading remains substantially beneath past year’s levels, the company’s investments successful blockchain infrastructure, tokenization, organization crypto services, and prediction markets are expanding its beingness crossed integer finance.

HOOD shares fell much than 5% successful after-hours trading soon aft the net study announcement, trading adjacent $89.50 aft finishing the closing time astatine $94.56.