Robinhood's Crypto Revenue Slides 38%, But Overall Performance Hits Record High
Robinhood's latest earnings report shows crypto revenue dropped 38% to $221 million, while total net revenue hit a record $1.28 billion, up 27% year-over-year. Following the report, shares fell 8% in after-hours trading.
Trading Volume Driven by Acquisition
The platform recorded $82 billion in nominal crypto trading volume, though most originated from Bitstamp, acquired in mid-2025. Trading activity on Robinhood's native app dropped 52% year-over-year.
Options and Stock Trading Show Strong Growth
- Options revenue surged 41% to $314 million
- Stock trading revenue jumped 54% to $94 million
These figures reflect Robinhood's expanding product diversification strategy.
Strategic Shift in a Crypto Bear Market
Despite declining retail crypto activity, Robinhood has demonstrated strong business resilience. Through integration of acquired assets, product expansion, and user growth, the company is transitioning toward a comprehensive financial services platform.
Leadership noted the firm is reducing reliance on crypto volatility while accelerating development in prediction markets, retirement accounts, and banking services to build a more stable revenue model.