Robinhood Markets delivered a standout second quarter in 2026, with its prediction markets revenue eclipsing both cryptocurrency and equities trading for the first time. Total transaction-based revenues climbed 44% year-over-year to $776 million, the company reported on Wednesday. Revenue from event contracts reached $156 million, while crypto trading generated $100 million — a 38% decline from the same period last year but still ahead of analyst estimates of $86.6 million. Equities trading contributed $129 million.
The company’s total net revenue rose 32% year-over-year to $1.31 billion, and net income jumped 48% to $573 million. “We delivered record revenues and drove new highs across equity, option, and event contract volumes, as we continue to win market share,” said Chief Financial Officer Shiv Verma. Crypto notional trading volumes hit $40 billion, including $22 billion from Bitstamp, which Robinhood acquired last year.
Robinhood shares dipped about 3% in after-hours trading to $86.89. Meanwhile, the company’s Layer 2 network, Robinhood Chain — built using Arbitrum’s tech stack — went live on public mainnet with partners like Uniswap active from day one, reaching $325 million in total value locked.
