Robinhood Q3: Revenue Hits $1.42B as Crypto Income Falls 55%

The platform's total assets reached $396 billion as net deposits and higher equity valuations partly offset lower cryptocurrency valuations. Robinhood’s Q3 2026 results are in, and the trading platform posted $1.42 billion in revenue, up 12% from a year ago. However, things were not so rosy for its crypto business, which saw revenue fall 55% to about $120 million. Crypto Weakness Meets Gains in Event Contracts and Options According to Robinhood’s report, its transaction-based revenue went up 19% to $867 million, with event contracts, which trade between 1 cent and $1 and pay $1 at settlement, bringing in $173 million, marking a sixfold increase. “Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues,” Shiv Verma, the firm’s CFO stated. The third quarter also saw net deposits go to $15.7 billion as total platform assets climbed to $396 billion, a 19% jump. This, per the report, was because of higher equity valuations. Options revenue also rocketed, climbing 31% to $399 million, while equities gained 41% to add $121 million. However, crypto was the odd one out, with the $120 million recorded in the p...