Robinhood’s Q3 platform assets rise 19% to $396 billion as crypto revenue halves

Robinhood just posted a quarter where almost everything went up except the thing that made it famous among a certain crowd. Total platform assets climbed 19% year over year to $396 billion as of September 30, 2026. Crypto, meanwhile, had a rough few months. Crypto transaction revenue fell 55% to $120 million, a reminder that a diversified broker can absorb a bad season in one asset class. The numbers behind the quarter Robinhood Markets (NASDAQ: HOOD) released its third-quarter 2026 results on October 27. Revenue hit a record $1.42 billion, up 12% from the same period a year earlier. Much of that came from fresh cash rather than market gains alone. Net deposits reached $15.7 billion for the quarter, which the company pegged at an annualized growth rate of 17%. Zoom out to the trailing twelve months, and net deposits totaled $71 billion, a 21% growth rate. User numbers moved in the same direction, though more slowly. Funded customers rose 7% year over year to 28.7 million. The subscription business grew much faster. Robinhood Gold, the paid tier, added subscribers at a 34% clip to reach a record 5.2 million. Crypto’s bad quarter, in context Total transaction revenue came in at $867 ...