Robinhood’s Q3 crypto revenue surged 300%, driving total revenues to $1.27B, surpassing analyst expectations and boosting earnings.
Robinhood Markets reported a 300% surge in its crypto revenue for Q3, significantly boosting its overall earnings.
This strong performance helped the company exceed Wall Street’s expectations. The surge in crypto revenue indicates growing interest in Robinhood’s crypto services, which have expanded over the past year.
Strong Growth in Q3 Crypto Revenue
In the third quarter of 2025, Robinhood saw its transaction-based revenue grow by 129% from the same period last year.
The company’s total transaction-based revenue reached $730 million, with $268 million coming from its crypto services. This marks a 300% increase in crypto revenue compared to the previous year.
Overall, Robinhood’s total revenues for Q3 amounted to $1.27 billion, doubling year-over-year. This exceeded the expected $1.2 billion forecast by analysts. Additionally, Robinhood reported a 259% increase in earnings per share, rising to 61 cents, surpassing the expected 51 cents per share.
Expansion into Crypto Services
Robinhood, traditionally known for its stock trading platform, has been increasing its focus on crypto.
In June, the company completed its acquisition of Bitstamp, a leading crypto exchange. Robinhood also launched new services, including tokenized stocks and prediction markets, to attract more crypto users.
Jason Warnick, Robinhood’s CFO, stated that the company’s Bitstamp acquisition and prediction markets are expected to generate over $100 million in annualized revenue.
This expansion into the crypto sector is key to Robinhood’s growth strategy. It also positions the company to compete with other platforms focused on digital assets.
Stock Performance and Future Outlook
Robinhood’s stock saw a 4.15% increase during the trading day, closing at $142.48. However, after hours, the stock fell slightly, dropping below $140. Despite this, Robinhood’s stock has gained over 280% this year, with a peak of $152.46 in early October.
CEO Vladimir Tenev discussed the company’s plans to expand its prediction markets globally.
He also acknowledged challenges with Robinhood’s tokenized stocks, which are not yet fully integrated with decentralized finance (DeFi). Tenev expressed optimism about future interoperability as the market continues to evolve.
Robinhood’s third-quarter performance highlights its successful expansion into the crypto market.
The company is positioning itself to be a major player in both traditional finance and digital assets. As the crypto space continues to grow, Robinhood plans to enhance its services and adapt to new market trends.
