Robinhood reports $25M revenue from Trump accounts in Q2 as program draws 7 million sign-ups

Robinhood just found a revenue stream that even its harshest critics didn’t see coming: the federal government. The brokerage reported $25 million in Q2 2026 revenue from so-called Trump Accounts, the federally backed investment program for minors that launched in early July. The program attracted over 7 million sign-ups and approximately $1.5 billion in deposited assets within weeks of going live. The numbers behind the new accounts Robinhood’s Q2 2026 earnings, released July 29, painted a picture of a company firing on multiple cylinders. Total net revenues hit a record $1.31 billion, a 32% increase year-over-year. Net income came in at $573 million. But the standout narrative was the Trump Accounts contribution. The $25 million in revenue from the program fed into a broader “other revenues” category that totaled $143 million for the quarter, up 54% compared to the same period last year. Here’s how the program works. Eligible minors born between 2025 and 2028 receive a $1,000 government seed contribution for tax-deferred investing. Robinhood serves as the broker and initial trustee, operating in collaboration with the US Treasury and BNY Mellon. The accounts launched between July...