Robinhood Markets (Nasdaq: HOOD), the e-brokerage platform popular for its equity, crypto, and tokenized stock offerings, last week reported the financial results for the second quarter of 20
Robinhood Markets (Nasdaq: HOOD), the e-brokerage platform popular for its equity, crypto, and tokenized stock offerings, last week reported the financial results for the second quarter of 2026.
The firm posted $1.31 billion in revenue and $0.62 in earnings per share (EPS), beating Wall Street estimates of $1.26 billion in revenue and $0.41 in EPS.
Related: Robinhood's latest earnings beat Wall Street estimates
Though the total net revenues increased 32% YoY to $1.31 billion, its crypto revenue fell 38% YoY to $100 million.
As the week ended, Robinhood scored another major victory on July 31.
As of July 31, Robinhood’s U.K. arm was added to the country's Financial Conduct Authority’s (FCA) list of registered crypto asset companies. The FCA is an autonomous financial regulatory body in the United Kingdom.
The addition to the FCA list means Robinhood is now registered to offer crypto services in the U.K. as it meets the regulator's anti-money laundering (AML) norms.
The Bank of New York Mellon, Ripple, Standard Chartered, BlackRock, PayPal, Revolut, eToro, Galaxy Digital, Payward (Kraken's parent company), and Fidelity Digital Assets have already made it to the FCA's list of over 50 registered crypto asset companies.
It's a significant development for Robinhood's expansion plan in the U.K. as the country plans to introduce comprehensive crypto regulation.
The application process is expected to begin by the end of September and continue until February 2027. The new norms will come into effect in October next year. Crypto firms already registered with the FCA will have an early mover advantage in the U.K. market.
The HOOD stock was exchanging hands at $86.81 in pre-market hours on Aug. 3.
Related: Goldman Sachs, Barclays cut Robinhood price targets despite earnings beat
