Robinhood Q2 Revenue Hits a Record $1.31 Billion, Up 32%

Thirteen Business Lines Over $100 Million

Robinhood reported second quarter results on July 30, 2026, and the number that jumps out is not the headline revenue figure — it is the count underneath it. Total net revenue hit a record $1.31 billion, up 32% year over year, and thirteen separate business lines each cleared $100 million. For a company that spent its early years being described as a commission-free stock app, that is a different kind of business.

• Record net revenue of $1.31 billion, up 32% year over year, with adjusted EPS of 48 cents against a 44-cent consensus
• Transaction revenue of $776 million, up 44% — options contributed $342 million (up 29%) and equities $129 million (up 95%)
• Event contracts revenue climbed more than 10x to $156 million, with 13.6 billion contracts traded, also more than 10x
• Net income rose 48% to $573 million, with diluted EPS of $0.62 and thirteen business lines above $100 million

Why the Equities Number Is the Sleeper Stat

Everyone will lead with prediction markets, and fair enough — a 10x is a 10x. But equities transaction revenue up 95% is the line I'd circle. Options revenue growing 29% is a healthy trend in a business Robinhood has always been strong in. Equities nearly doubling means the plain-vanilla, buy-a-share-of-something activity accelerated hard, and that is the least exotic and most durable revenue in the whole stack.

Retail equity engagement is also a decent read on how comfortable ordinary investors feel. People add to positions when they feel steady and step back when they don't. A 95% jump says the retail investor showed up this quarter in a straightforward way, not just in the high-velocity corners.

What Are Event Contracts, and Why Did They Explode?

Event contracts are exchange-traded instruments that settle on a defined real-world outcome — economic data prints, sports results, and similar binary questions. They trade like any other listed contract, with a price between zero and one that moves with perceived probability.

The growth here is genuinely striking: revenue up more than 10x to $156 million, volume up more than 10x to a record 13.6 billion contracts. Two things are driving it. The regulatory picture for these products has become considerably clearer over the past year, and Robinhood put them in front of an audience that was already comfortable with the interface. Our stock trading coverage has followed the broader institutionalization of this category, alongside developments like CME's single stock futures launch.

Does the Softer Crypto Line Matter?

Crypto trading brought in $100 million, down 38% from a year ago as digital asset activity cooled from an unusually active comparison period. That is worth putting in proportion rather than glossing over: it's a real decline in one line.

It's also the argument for the thirteen-business-lines framing. A brokerage where crypto is the story lives and dies by crypto volumes; one where crypto is a hundred million out of $1.31 billion can absorb a quiet quarter in that segment and still post a record. The diversification that looked like scope creep two years ago is doing exactly what diversification is supposed to do — and readers following Chime's entry into commission-free investing will recognize how competitive this segment has become.

The Read for Investors

Adjusted earnings of 48 cents beat the 44-cent consensus, and net income growing 48% while revenue grew 32% means operating leverage is showing up in the margin — the business is getting more profitable per dollar of revenue, not just bigger.

The question for next quarter is whether event contracts hold anywhere near this level once they lap an easier comparison, and whether the equities strength persists. Neither is guaranteed. But a record quarter built on thirteen lines rather than one is a sturdier structure than this company has ever reported from, and that structural point survives whatever any single segment does next.

Sources: Quartz — July 30, 2026; Investing.com on the Q2 slides — July 30, 2026; Crypto Times — July 30, 2026.