Earnings Releases·Oct 27, 2026, 4:06 PM ET

Robinhood — Third Quarter 2026 Earnings Summary

Total net revenues reached a record $1.42 billion (up 12% YoY), driven by a 19% increase in transaction-based revenues, while net income declined 14% YoY to $476 million due to $67 million in unrealized losses from Robinhood Ventures Fund I.
The company lowered its 2026 Adjusted Operating Expenses and SBC guidance top end by $25 million to $2.75 billion and withheld GAAP total operating expense guidance due to uncertainties regarding credit loss provisions and pending acquisition costs.
Strategic momentum remains strong with record growth in key metrics: Robinhood Gold subscribers hit 5.2 million (+34% YoY), Total Platform Assets reached $396 billion (+19% YoY), and October Net Deposits exceeded $13 billion month-to-date.
Capital allocation included $25 million in share repurchases this quarter, bringing the cumulative total to $1.3 billion since Q3 2024, while cash and equivalents grew to $5.8 billion.
Future outlook includes a planned 2027 product rollout in the Dubai Financial Services Authority (DFSA) region and continued expansion of new business lines, with 14 segments now exceeding $100 million in annualized revenue.