Prediction Markets Surpassed Cryptocurrencies: Robinhood Earned $1.31 Billion in Q2

cryptonews.ruPublicado a 2026-07-30Actualizado a 2026-07-30

Resumen

Robinhood posted record Q2 2026 revenue of $1.31 billion and net income of $573 million. Notably, nearly 23% of the profit came from one-time items, primarily the deconsolidation of a ventures fund. A key shift was the explosive growth of its prediction markets business, with event contract revenue surging over 10x year-over-year to $156 million, surpassing revenue from stocks ($129M) and cryptocurrencies ($100M). Cryptocurrency revenue declined 38% organically, but the company is aggressively expanding its crypto infrastructure through acquisitions, launching its own blockchain (Robinhood Chain), and offering new products like tokenized stocks and perpetual futures. Overall transaction revenue grew 44% to $776 million, with options remaining the largest single component at $342 million.

Robinhood has published its financial results for the second quarter of 2026. Revenue reached a record $1.31 billion, with net profit of $573 million. Adjusted EBITDA amounted to $741 million, with a margin of 57%.

However, net profit was partially supported by one-off factors. It included $129 million in income, primarily from the deconsolidation of Robinhood Ventures Fund I. This added approximately $0.14 to diluted earnings per share (EPS). Thus, nearly 23% of the company's quarterly profit came from one-off investment operations rather than core business activities, as stated in the press release.

Prediction Markets Surpassed Cryptocurrencies and Stocks

A structural shift in the report was the transformation of prediction markets into one of the key components of the transaction business. Revenue from event contracts reached $156 million—an increase of more than tenfold year-over-year. For comparison: stock trading revenue was $129 million (+95%), while cryptocurrency revenue was $100 million (-38%). The volume of event contracts grew more than tenfold—to 13.6 billion contracts. The company also launched Rothera—a CFTC-licensed exchange and clearing platform in partnership with Susquehanna International Group.

Total transaction revenue grew by 44%—to $776 million, constituting approximately 59% of total revenue. The largest component remains options—$342 million (+29%).

Cryptocurrency: Decline in Current Performance and Strategic Expansion

The cryptocurrency segment appears weak in the quarterly financial results: revenue fell by 38%—to $100 million, organic trading volume in the app decreased by 35%—to $18 billion. Total cryptocurrency volume was $40 billion, but $22 billion of that came from the recently acquired Bitstamp—meaning more than half of the consolidated volume was driven by inorganic activity.

At the same time, the company is aggressively expanding its cryptocurrency infrastructure: it closed the acquisition of Canadian firm WonderFi, launched the public mainnet of Robinhood Chain, offered tokenized stocks in over 120 countries, launched decentralized lending service Robinhood Earn, added perpetual futures in the EU, and plans to launch cryptocurrency products in the UK.

As a reminder, we previously reported that the tokenized stock sector on Robinhood Chain has grown nearly sevenfold since the network's launch.

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Preguntas relacionadas

QWhat were Robinhood's record-breaking revenue and net profit figures for Q2 2026?

ARobinhood's revenue reached a record $1.31 billion, with a net profit of $573 million for Q2 2026.

QWhich business segment, revealed as a key structural shift, generated $156 million in revenue with over 10x YoY growth?

AThe prediction markets segment (contracts on events) generated $156 million in revenue, growing over ten times year-over-year and becoming a key part of the transactional business.

QHow did the performance of Robinhood's cryptocurrency division compare in terms of revenue and organic trading volume in Q2 2026?

AThe cryptocurrency division's revenue fell by 38% to $100 million, and organic trading volume in the app decreased by 35% to $18 billion in Q2 2026.

QWhat one-time factor contributed significantly to Robinhood's Q2 net profit, and how much did it add to the diluted EPS?

AA gain of $129 million, primarily from the deconsolidation of Robinhood Ventures Fund I, contributed significantly to the net profit, adding approximately $0.14 to the diluted earnings per share (EPS).

QWhat major acquisitions and new product launches did Robinhood undertake to expand its cryptocurrency infrastructure during this period?

ATo expand its crypto infrastructure, Robinhood closed the acquisition of the Canadian company WonderFi, launched the public mainnet Robinhood Chain, offered tokenized stocks in over 120 countries, launched the decentralized lending product Robinhood Earn, added perpetual futures in the EU, and planned to launch crypto products in the UK.

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