Robinhood Q3 Earnings Prime Analysts' Expectations as Crypto Income Surges Over 300% – Decrypt

Robinhood Markets generated $1.2 billion in income for its third quarter, a virtually 100% achieve from the identical interval a 12 months in the past, the agency introduced Wednesday, exceeding analysts’ expectations and persevering with the web brokerage’s robust top-line development.

Robinhood additionally surpassed forecasts with earnings per share of $0.61, a roughly 217% year-over-year rise, and $556 million in income.

“Our workforce’s relentless product velocity drove file enterprise leads to Q3 and we’re not slowing down—prediction markets are rising quickly, Robinhood Banking is beginning to roll out, and Robinhood Ventures is coming,” mentioned Robinhood Chairman and CEOVlad Tenev, in a press release.

In after-hours buying and selling, Robinhood shares ticked down from their Wednesday closing worth of $143.40, based on Yahoo Finance. The corporate’s inventory worth has skyrocketed about 260% year-to-date, outperforming crypto-native rivals like Coinbase, whose shares have jumped roughly 25% since January 1.

Menlo Park, California-based Robinhood’s outcomes come as the corporate has expanded its enterprise and crypto transaction revenues regained momentum, rising to $268 million—a greater than 300% enhance from a 12 months in the past, similar interval. Robinhood totaled $160 million for Q2 on this phase and $252 million in Q1.

The corporate reported $730 million in transaction-based revenue, barely decrease than consensus predictions. Prediction markets, whereas nonetheless a lesser a part of its enterprise, had been among the many explicit vibrant spots, producing greater than $100 million in income.

Individually, Robinhood introduced that CFO Jason Warnick would retire subsequent 12 months. Shiv Verma, a seven-year veteran of the agency, will change him.

Final quarter, Robinhood posted $989 million in complete gross sales, up 45% from a 12 months in the past and surpassing analysts’ expectations of $913 million. Its earnings for share of $0.42 and income of $386 million for the interval additionally exceeded expectations.

In a be aware final month, funding financial institution Compass Level had highlighted the expansion of this enterprise amongst different elements in sustaining a “purchase” score and elevating its worth goal to $161, which might exceed its earlier file of $153, set in October.

Robinhood will doubtless generate $50 million in fourth-quarter income “alongside a full quarter of NFL season,” the analysts wrote, whereas referring to America’s hottest pastime.

Robinhood started letting prospects wager on NFL and school soccer video games in August by means of a partnership with prediction market Kalshi. Nonetheless, Robinhood presently presents prediction markets on different topics, akin to economics, tradition, and expertise.

Though Robinhood presents commission-free buying and selling on shares and cryptocurrencies, the agency fees prospects a one cent payment on trades involving occasion contracts, the analysts wrote.

Crypto-focused corporations have needed to confront a much less vibrant, extra unpredictable digital asset market amid macroeconomic uncertainties. Bitcoin’s worth rose greater than 6% in Q3, a tepid enhance within the underlying asset after its 30% spike within the earlier quarter.

The most important cryptocurrency by market worth was lately buying and selling at $103,644, up 4.4% over the previous 24 hours, though it’s down almost 18% from its all-time excessive set a month in the past, based on information supplier CoinGecko.

In a Myriad prediction market, about 70% of respondents imagine BTC will transfer to $115,000 fairly than dip to $85,000. (Disclaimer: Myriad is a unit of Dastan, the mother or father firm of Decrypt.)

UPDATE: (November 5, 2025, 6:32 p.m. ET): Provides prediction market income and CFO retirement.