Robinhood posted $1.07B in Q1 2026 revenue, up 15%, but crypto income fell 47%. Here’s what drove the numbers.
Robinhood wrapped up the first quarter of 2026 on a mixed note. The trading platform reported total net revenues of $1.07 billion, a 15% year-over-year increase.
Crypto revenue, however, told a different story. It dropped 47% to $134 million. Despite the crypto dip, several other business segments picked up the slack.
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Robinhood’s Transaction Revenue Gets a Boost From Options and Event Contracts
As per the Robinhood release, transaction-based revenue grew 7% year-over-year to $623 million. Options revenue climbed 8% to $260 million. Equities revenue jumped 46% to $82 million.
The biggest surprise came from other transaction revenue, which surged 320% to $147 million. That category primarily reflects event contracts, which hit record trading volumes in Q1.
Net interest revenue also posted solid gains. It rose 24% to $359 million. Robinhood attributed this to growth in interest-earning assets. Lower short-term interest rates and reduced securities lending activity partially offset those gains.
Other revenues grew 57% to $85 million.
Robinhood Gold subscription revenue led that growth, rising 32% to $50 million. Gold subscribers also grew 36% year-over-year, reaching 4.3 million users.
— Vlad Tenev (@vladtenev) April 28, 2026
User Growth and Platform Assets Reflect Steady Momentum
Funded customers grew 6% year-over-year to 27.4 million.
Investment accounts increased 8% to 29.1 million. Total platform assets rose 39% to $307 billion. Net deposits for the quarter reached $17.7 billion, reflecting a 22% annualized growth rate.
Average revenue per user climbed 8% year-over-year to $157. Net income grew 3% to $346 million. Diluted EPS came in at $0.38, also up 3%.
Robinhood’s cash position strengthened to $5 billion, up from $4.4 billion in Q1 2025.
The company also repurchased $250 million worth of shares during the quarter. Its board refreshed the repurchase authorization to $1.5 billion in March 2026.
Robinhood Q1 Revenue +15% YoY, Crypto Revenue -47%
Robinhood reported Q1 2026 revenue of $1.07 billion, up 15% year over year, with diluted EPS of $0.38, up 3%. Net deposits were $17.7 billion, representing a 22% annualized growth rate, and total platform assets rose 39% to $307… pic.twitter.com/J4CzwwbkYu
— Wu Blockchain (@WuBlockchain) April 28, 2026
Robinhood Expands Products and Eyes Global Markets
Robinhood continued pushing new product launches throughout the quarter. Additionally, Robinhood Banking crossed $2 billion in deposits from over 125,000 funded customers.
Robinhood Strategies grew to over 285,000 funded customers with $1.6 billion in assets under management.
The company launched trust and custodial accounts and unveiled the Robinhood Platinum Card. It also introduced Robinhood Social, a trading community feature, to 10,000 beta users.
Robinhood Chain, its Ethereum Layer 2 blockchain for tokenized real-world assets, processed over 100 million transactions on its public testnet.
On the international front, Robinhood secured in-principle approval from Singapore’s Monetary Authority.
In April, the U.S. Treasury named Robinhood the broker and sole initial trustee for Trump Accounts. Robinhood said it will build a standalone app for those accounts alongside BNY.
