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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