Robinhood Markets, Inc.: Miss — EPS $0.60, Revenue $1.42B
Earnings MissQ3 2026 · After-market
Did Robinhood Markets, Inc. (HOOD) beat earnings today?
No, Robinhood Markets, Inc. (HOOD) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-6.25% surprise
$0.60Actual
Expected: $0.64
vs. year ago -3.0%
Total Revenue-0.42% surprise
$1.42BActual
Expected: $1.43B
vs. year ago +12.0%
Released Oct 27 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Total net revenues | $1.42B | $1.27B | +12.0% |
| Revenue detail — reported lines | |||
| └─Transaction-based revenues | $867.00M | $730.00M | +19.0% |
| └─Net interest revenues | $415.00M | $456.00M | -9.0% |
| └─Other revenues | $142.00M | $88.00M | +61.0% |
| Net income | $476.00M | $556.00M | -14.0% |
| Basic EPS | $0.52 | $0.63 | - |
| Diluted EPS | $0.51 | $0.61 | -16.0% |
| Adjusted EPS | $0.60 | $0.62 | -3.0% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Adjusted Operating Expenses and SBC | — | $2.675B-$2.75B (prev. $2.675B-$2.775B) |
Business Highlights
- ➤Active-trader engagement reached new highs, with record equities, options and prediction-market volumes.
- ➤Hosted the third annual HOOD Summit in Houston with about 1,500 in-person attendees.
- ➤Announced 17 new products and features, including Robinhood Agents and Agent Apps.
- ➤Introduced 24/7 trading of select U.S. equities and perpetual futures for eligible U.S. customers.
- ➤Added earnings contracts to the prediction-markets hub.
- ➤Approximately 200 thousand customers opened Agentic Trading Accounts.
- ➤Rothera traded over 6.4 billion contracts since launch.
- ➤U.S. Treasury launched automatic enrollment for Trump Accounts, establishing accounts for nearly 70 million children.
- ➤Robinhood Gold Card grew to 1.3 million customers.
- ➤Robinhood launched crypto trading in the UK and received DFSA authorization for Dubai.
- ➤Robinhood Chain became a top-five chain by revenue and volume in its first Mainnet quarter.
- ➤Repurchased 0.2 million Class A shares during Q3.
Management Commentary
Vlad Tenev, Chairman and CEO of Robinhood
“Our vision is to make everyone an owner, because broad ownership is essential to a free, stable, and prosperous society.”
Shiv Verma, Chief Financial Officer of Robinhood
“Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues. We also added a new business cylinder with over $100 million in annualized revenues this quarter as Rothera scaled rapidly. And we're entering Q4 with strong momentum, as October Net Deposits have already topped $13 billion month-to-date, including $6 billion from the Dell family's contribution to Trump Accounts.”