| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.1K | 15.1% |
| Total Income | 1.1K | 15.1% |
| Expenditure | 652.00 | 17.3% |
| PBT | 411.00 | 10.8% |
| Net Profit | 350.00 | 4.2% |
| OPM | — | |
| NPM | 32.80% | 3.44pp |
| EPS | 0.39 | 2.6% |
Robinhood Reports Q1 2026 Revenue Up 15% to $1.07 Billion, EPS Up 3% to $0.38
29 Apr 2026 · 29 Apr, 1:43 am
Summary
Robinhood Markets, Inc. reported strong first-quarter 2026 results, with total net revenues climbing 15% year-over-year to $1.07 billion. Net income increased 3% to $346 million, translating to a diluted EPS of $0.38. The company experienced robust growth in key metrics, including a 39% rise in Total Platform Assets to $307 billion and a 36% increase in Robinhood Gold Subscribers to 4.3 million. Management highlighted strong customer engagement and product adoption, with Q2 showing a good start in April, and expressed confidence in massive opportunities ahead through continued investment and product innovation.
Key Highlights
- 1
Total net revenues for the first quarter of 2026 increased by 15% year-over-year, reaching $1.07 billion.
- 2
Net income grew by 3% year-over-year to $346 million, with diluted earnings per share also rising 3% to $0.38.
- 3
Adjusted EBITDA (non-GAAP) saw a 14% year-over-year increase, totaling $534 million for the quarter.
- 4
Total Platform Assets expanded significantly by 39% year-over-year to $307 billion, driven by continued Net Deposits and higher equity valuations.
- 5
Robinhood Gold Subscribers reached a record 4.3 million, marking a substantial 36% increase year-over-year.
- 6
Net Deposits were $17.7 billion, representing an annualized growth rate of 22% relative to Total Platform Assets at the end of Q4 2025.
- 7
The company announced an updated outlook for 2026 Adjusted Operating Expenses and SBC, now ranging from $2.7 billion to $2.825 billion, including an additional $100 million investment for Trump Accounts.
Management Comments
Vlad Tenev
Driven by our relentless product velocity and innovation, Robinhood is increasingly positioned at the center of our customers’ financial lives, just as we enter the early innings of the Great Wealth Transfer.
Shiv Verma
In Q1, customers remained engaged and rapidly adopted new products, leading to a 20 percent-plus annualized net deposit growth rate, double digit growth across equities and options, and record volumes for prediction markets, futures, and index options. And Q2 is off to a good start in April, as equity and option trading volumes are on track to be the highest month of the year, and even with tax season, net deposits are approximately $5 billion month-to-date. We believe there are massive opportunities ahead as we invest for the long term, ship products faster than ever to customers, and deliver value for shareholders.
Informational and educational content only. Not investment advice.