Robinhood earnings miss Wall Street estimates

Founded in April 2013 by Stanford classmates Vladimir Tenev and Baiju Bhatt, Robinhood Markets (Nasdaq: HOOD) is an e-trading platform that is very popular among young traders due to its commission-free offerings of stocks, ETFs, options, and cryptocurrencies.

The brokerage firm went public on Nasdaq in July 2021 and joined the S&P 500 benchmark in September 2025.

When it comes to crypto, Robinhood has long been intertwined with digital assets. 

The company introduced commission-free crypto trading in February 2018, a move that proved highly successful and drove significant user engagement. 

Crypto has since become one of its key revenue drivers, so much so that the outsized contribution of digital assets to Robinhood's performance in late 2025 set a high bar heading into 2026.

Related: Magnificent 7, crypto giants to report quarterly earnings this week

Robinhood earnings

The company reported the earnings for the first quarter of 2026 right after the bell close on Apr. 28. 

Total net revenues increased 15% year-over-year (YoY) to $1.07 billion.

• Crypto revenue was down 47% YoY and stood at $134 million.

Net income increased 3% YoY to $346 million.

Diluted earnings per share (EPS) increased 3% YoY to $0.38.

Wall Street analysts expected Robinhood to generate $0.39 in earnings per share (EPS) and $1.139 billion in revenue, according to FactSet.

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Robinhood stock performance

Though Robinhood's stock declined more than 27% this year, it gained 24% within the last month.

The HOOD stock closed more than 2% lower at $82.07 on Apr. 28.

Related: Robinhood suffers phishing attempt ahead of quarterly earnings