Robinhood Hits Record Q2 Revenue on Prediction Markets Surge Despite Crypto Slump

Key Facts

In a move reflecting a successful diversification strategy away from digital asset volatility, Robinhood reported record financial results for the second quarter of 2026. According to reports, the company posted revenue of $1.31 billion, surpassing analyst estimates of $1.25-$1.28 billion, while earnings per share reached $0.62. This strong performance was primarily driven by the prediction markets segment, where revenue climbed to $156 million, alongside a 39% year-over-year growth in Robinhood Gold subscribers to 4.8 million customers.

Despite the overall financial strength, the platform's cryptocurrency business saw a significant 38% year-over-year decline, bringing in $100 million as the broader crypto market remains in a slump. Conversely, prediction market volumes surged to 13 billion contracts in Q2, up from 9 billion in the previous quarter. Per market data, HOOD shares closed at $92.76 (close July 28, 2026), as the company focuses on improving margins by routing more transactions through its in-house Rothera offering to lower user fees.

Traders should watch HOOD's price levels after it hit a daily low of $88.21 according to July 28, 2026 data, amid broader market volatility. While the upcoming economic calendar shows no immediate high-impact US catalysts for the fintech sector, focus remains on the company's ability to sustain its record free cash flow and customer deposits, which reached $22 billion, potentially providing a buffer against further declines in traditional trading activity.